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Mid-cap stocks present an especially enticing narrative at junctures such as this, when it's difficult to decipher the market's trajectory. Stated differently, sometimes it's best just to drive down the middle lane.
The Francis Scott Key Bridge in Baltimore was struck by a cargo ship, causing significant damage and loss of life. The accident has disrupted major supply chains, particularly in maritime transportation and the traffic situation in the Baltimore area. Automotive companies are finding alternative shipping routes, while coal exporters are facing a shutdown of coal exports for at least six weeks.
Arch Resources is a major coal mining company in the US, with a focus on metallurgical coal production. Q4 2023 saw an increase in earnings due to higher met coal sales prices and decreased operating costs. ARCH plans to decrease its share count through buybacks and is committed to returning 100% of discretionary cash flow to shareholders.
Arch Resources' (ARCH) fourth-quarter earnings lag, while revenues surpass estimates during the same period. The company expands its metallurgical segment by securing new contracts from the Asian market.
Here is how Arch Resources (ARCH) and Gibson Energy Inc. (GBNXF) have performed compared to their sector so far this year.
Arch Resources' (ARCH) fourth-quarter earnings are likely to have been adversely impacted due to a decline in coking coal sales volumes.
The crux of safe investment lies in choosing a company that is not burdened with debt, as a debt-free stock is almost impossible to find. You may buy AIT, ARCH, HIG, PLAB and SCS.
NRG Energy (NRG), Suzano (SUZ), Arch Resources (ARCH), Cboe Global Markets (CBOE) and Jabil (JBL) are some of the stocks with high ROE to profit from as markets sway with volatility.
If you are looking for stocks that are well positioned to maintain their recent uptrend, Arch Resources (ARCH) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.
Investors target stocks that have been on a bullish run lately. Stocks like GT, CASY, SNV, ARCH and BK that are seeing price strength have a high chance of carrying the momentum forward.