Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Patriot Coal
So what: Deutsche Bank initiated coverage on Patriot Coal today with a "buy" rating, giving the stock a boost, but there is also positive dynamics for the whole industry. Flooding in Australia has pushed the Coal Stocks Index higher recently and is another catalyst for the coal move today.
Now what: As much as I don't like to agree with analysts, Patriot Coal and Deutsche Bank's other "buy," Walter Energy
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