Welcome to Monday’s Morning Coffee Break – U.S. futures are suggesting a positive open this morning after Friday’s sharpest one day drop in nearly four months. Market participants will be starting the week off with no economic data releases putting the focus on earnings and U.S. politics. Headlines in the Euro Zone will have a stronger impact on U.S. markets as well.
Things are really going to worse from bad for the Market Vectors Coal ETF (KOL [stock KOL]), the dominant exchange-traded product devoted to coal stocks, this year. Shares of Patriot Coal (PCX [stock PCX] are off more than 54% today on chatter the company may have to seek bankruptcy protection and there’s speculation Patriot has met with restructuring advisers, perhaps a sign the company won’t be able to meet its
Final upgrade list for Friday May 18th 2012
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