Have you heard the great news? All across the U.S.A., industrial bellwether companies are voicing a resounding consensus that business conditions hit a recognizable bottom during the second quarter.
Major coal miner Arch Coal
So far this earnings season, we've fielded declarations of a second-quarter bottoming phase from railroad operators like CSX
Following a 66% earnings decline from Peabody Energy
According to a coal mining equipment specialist Joy Global
The Foolish takeaway
There is much for coal investors to digest at this stage. Decoupling between Asian and U.S. coal demand has never been clearer, understanding the near-term outlook for U.S. thermal coal demand requires keeping track of natural gas prices and railroad statistics. Arch Coal boasts some impressive production capacity to grow into eventual strength, but this Fool continues to offer Peabody Energy and CONSOL Energy