Stock to Sell #3 – Peabody Energy (BTU)
Like ACI, Peabody Energy (BTU) is under attack by the government as a polluter. Investors should expect its $0.34 annual dividend (1.9% yield) to be cut.
On Sept. 27, the stock declined through its 50-day moving average on heavy volume from a recovery channel. In September, MACD issued a sell signal, even though the stock was already in an extended bear market. Sell BTU at the market.