Bear of the Day: Alpha Metallurgical Resources (AMR)

Key Takeaways Coal stocks losing money as competition from China heats up.Alpha Metallurgical Coal has rallied while profits have rolled over. Just because you’re in a hot industry doesn’t mean your stock is a buy. And just because you used to crush earnings doesn’t mean you will continue doing so. Sometimes, the market sniffs out weakness before the numbers show up, and right now, Alpha Metallurgical Resources (AMR) is giving off that distinct whiff of vulnerability and it’s why I’m naming it today’s Bear ...