Led by coal mining firms, the Yonder 40 bounces back, beating most other major indexes in a see-sawing week of trading.

"> Wild Week But Good Week For Yonder 40 - Daily Yonder

Wild Week But Good Week For Yonder 40

Yonder 40Led by coal mining firms, the Yonder 40 bounces back, beating most other major indexes in a see-sawing week of trading.

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Yonder 40 August 10In a wild week of trading, the Yonder 40 stock index rose over three percent, more than twice the increase of other major stock indexes. The Yonder 40 — 40 publicly traded companies that reflect the rural economy — is still down four and a half percent since July 1, however.

The Yonder 40 was helped this week by coal-related stocks. As rescue crews searched for six miners trapped by roof falls in a Utah mine and three Indiana miners died in a fall down a mine shaft, Wall Street found favor with companies engaged in mining activities. Peabody Coal Co. was up 15 percent last week. Mine Safety Appliances rose over 11 percent. Walter Industries rose 10 percent in five days of trading.

There was no particular news with these companies that would lead to such sharp rises. Mine Safety Appliances, which makes safety products for the mining industry, reported higher second quarter earnings. Walter Industries, which has coal, natural gas and homebuilding operations, reported a 72 percent drop in second-quarter net income.

Dow through Aug. 10Yonder 40 through Aug. 10

However, a Dow Jones story speculated that coal firms could be subject to mergers. While other mining sectors have gone through a period of consolidation, the story said, the “exception to date: coal, specifically North American coal. But many in the industry say that is about to change."

The story quoted sources in the industry as saying they expected the industry to begin consolidating by early next year, especially among Eastern producers. (Peabody and Walter have large operations in the Eastern U.S.) According to Dow Jones’ sources, “fundamentals are keen for consolidation, given that coal is widely viewed over the long term as a low-cost solution to the country's growing energy needs, and that the U.S. has the biggest reserves in the world."

In other Yonder 40 news, Stage Stores fell 14 percent after the same stores' sales dropped. The jump in corn prices and ethanol sales helped push up Andersons' income and stock price; the Ohio-based grain and ethanol company reported net income that doubled in the second quarter — and the company’s stock price jumped 8.5 percent.

The full Yonder 40 is below.

THE YONDER 40: AUGUST 3-10

Companies Ticker Price Aug. 10 Price Change for Week Percent Change for Week
Alico Inc. ALCO 47.99 $0.88 1.87%
Andersons Inc. ANDE 49.04 $3.86 8.54%
Burlington Northern Santa Fe Corp. BNI 80.58 $1.48 1.87%
Berkshire Hathaway BRKB 3,625.00 $26.00 0.72%
Bassett Furniture BSET 13.11 $0.54 4.30%
Peabody Energy Corp. BTU 45.34 $5.91 14.99%
Cabela's Inc. CAB 24.47 $1.47 6.39%
ConAgra Foods Inc. CAG 25.97 $0.21 0.82%
Cato Corp. Cl A CTR 19.02 -$1.52 -7.40%
Citizens Communications CZN 13.52 $0.24 1.81%
Deere & Co. DE 117.3 -$0.16 -0.14%
Dean Foods Co. DF 27.43 -$1.13 -3.96%
DIRECTV Group DTV 21.84 $0.68 3.21%
Family Dollar Stores Inc. FDO 26.11 -$2.15 -7.61%
Fleetwood Enterprises Inc. FLE 9.67 $0.73 8.17%
FairPoint Communications FRP 16 $1.06 7.10%
Gaylord Entertainment Co. GET 52.69 $3.73 7.62%
Hormel Foods HRL 33.79 -$0.01 -0.03%
International Speedway Corp. ISCA 46.99 -$1.30 -2.69%
Lee Enterprises LEE 17.96 $1.62 9.91%
Mohawk Industries Inc. MHK 87.4 -$0.10 -0.11%
Monsanto Co. MON 68.26 $4.18 6.52%
Mine Safety Appliances Co. MSA 51.59 $5.21 11.23%
Southwest Bancorp OKSB 19.74 $1.11 5.96%
Plum Creek Timber REIT PCL 41.26 $2.61 6.75%
Penn Virginia Corp. PVA 39.2 $0.01 0.03%
Ralcorp Holdings RAH 59.87 $7.36 14.02%
Regions Financial Corp. RF 30.69 $1.60 5.50%
Sturm Ruger & Co. RGR 16.77 -$3.60 -17.67%
Smithfield Foods SFD 32 $0.49 1.56%
Skywest Inc. SKYW 25.08 $3.14 14.31%
Southern Co. SO 36.66 $3.04 9.04%
Stage Stores Inc. SSI 18.69 $2.27 13.82%
Tractor Supply Co. TSCO 48.98 $2.59 5.58%
Tyson Foods TSN 19.97 -$0.43 -2.11%
UST Inc. UST 50.87 -$1.64 -3.12%
Waddell & Reed Financial Inc. WDR 23.9 -$0.03 -0.13%
Walter Industries WLT 23.78 $2.16 9.99%
Wal-Mart Stores WMT 46.07 $0.55 1.21%
Cimarex Energy XEC 37.16 $0.94 2.60%

 

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