No. 2 Worst Performer: Peabody Energy
First-Half Return: -43%
If there were any worse place to be in the first half than precious metals, it was in the coal space. Consider Peabody Energy (BTU), which operates 28 coal mining operations in the United States and Australia. The company is caught in the world of lower natural gas prices and diminishing demand for coal — while prices for coal exports are under pressure and dropping. The bottom line for Peabody is it came into 2013 on the losing end of a dismal fiscal 2012 ($585 million loss), and first- and second-quarter 2013 numbers don’t portend any change.