10 Stocks on Jim Cramer’s Radar

7. Peabody Energy Corporation (NYSE:BTU)

Number of Hedge Fund Holders: 41

A caller asked Cramer’s opinion of Peabody Energy Corporation (NYSE:BTU) and he replied:

“Okay, I’ve got to be careful because I wrote a piece for the club about a month ago saying that, you know what, I think he’s gonna bring coal back, we got to look at Peabody and it just didn’t work because coal prices have collapsed worldwide. So… we gotta be careful. It’s not going to make us money. I’m sorry.”

Peabody Energy (NYSE:BTU) operates in coal mining, handling the extraction, processing, and distribution of both thermal and metallurgical coal. It is worth noting that in January, Cramer commented:

“… Who’s the winner? It’s hard as the coal cohort is made up of companies that mine coal for steel production and others that mine coal for utilities. But the latter has been such a dog for so long that the US companies have tried to merge their way into steel-making coal and to lessen exposure in utilities. Peabody Energy and Core Natural Resources are the big ones. I think they’re cheap, but they trade more like steel companies than coal companies.”