Coal Names Doing Well (BTU, ACI, PCX)

Coal stocks are rising on Monday despite a broad market sell off that has sent the Dow Jones Industrial Average down more than 100 points. The move is coming as a result of expectations that Japan will have to import more coal after the earthquake, tsunami, and potential nuclear reactor meltdown that has befallen that country.

Leading the pack was is Peabody Energy BTU, which has risen 2.55% to $64.75. Shares of Arch Coal ACI are up 1.11% and Patriot Coal PCX is bringing up the rear, rising 0.58% to $22.72. This is certainly a sector to watch over the coming days, as it seems like the bull market in coal may continue.