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Terex Corp.

A New ETF For Resurgent Coal Stocks

Heading into Monday's session, the Market Vectors Coal ETF (NYSE:KOL) had gained 3.8 percent in the past week, an impressive feat for a fund that had plunged 25 percent year-to-date.The $159.5 million KOL is getting some important follow through Monday with a strong volume gain of 2.4 percent, perhaps indicating the worst is over for the savagely beaten coal sector.KOL has been beaten up due to a plethora of factors including slowing growth in previously coal-crazy emerging markets such as China and India and company-specific problems such as those seen at metallurgical coal producer Walter Energy (NYSE:WLT), a KOL component.In June, shares of Walter sank after the company pulled a planned $1.55 billion credit refinancing plan. Although Walter's second-quarter metallurgical coal output was about 2.9 million metric tons, about 7 percent more than, the company slashed its quarterly dividend to a penny a share from 12.5 cents, according to ETF Trends .Related: Coal ETF Punished as Walter ...

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  1. Market Wrap for Monday, June 17: Stocks Jump to Start Trading Week; Dow Rallies Triple Digits

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