Quantcast

Genco Shipping & Trading Limit... (NYSE:GNK)

uncertainty market evolution

Jefferies Contrarian Stocks to Buy: Arena, Rackspace and More

Posted: May 30, 2013 at 8:25 am

It is not unusual to see most research on Wall Street pretty much line up either for or against a company. Analysts typically look at the same metrics in the ...
Read Full Story »
Bull and Bear figures

24/7 Wall St. Closing Bell — Thursday: Markets Open Higher, S&P Posts Another All-time High

Posted: May 2, 2013 at 4:09 pm

U.S. equity markets opened higher this morning, buoyed by a smaller-than-expected total of new claims for unemployment benefits in the U.S. (more coverage here). The U.S. trade deficit also fell ...
Read Full Story »
Bull and Bear

Top Wall Street Analyst Downgrades: Active Network, MasterCard, SolarCity and More

Posted: May 2, 2013 at 8:45 am

Investors frequently get to see the analyst upgrades and Buy ratings from Wall Street firms. They often do not get to see when analyst downgrade stocks. We review many fresh ...
Read Full Story »
Mining

Dry Bulk Shippers Pin Hopes on Iron Ore, China

Posted: January 4, 2013 at 12:01 pm

Shares of a host of shipping companies are getting a big boost today on a report from Bloomberg that the 2013 outlook for shipping rates, especially for iron ore, are ...
Read Full Story »

24/7 Wall St. Closing Bell — October 4, 2012: Markets Hold onto Morning Gains (PCS, S, TWX, EBAY, ADTN, MAR, ISCA, STZ, AA, VRNG, GOOG, JKS, NUVA, GNK)

Posted: October 4, 2012 at 4:04 pm

The three major U.S. stock indexes opened higher this morning, reaching a peak after the first half-hour of trading following an inline report on new jobless claims (more coverage here) ...
Read Full Story »

Shipper Prices Share Offering; Watch Shares Sink (EGLE, DRYS, EXM, GNK, DSX, FRO, NM, RBS, SAN)

Posted: June 26, 2012 at 8:31 am

Dry bulk shipper Eagle Bulk Shipping Inc. (NASDAQ: EGLE) filed a Form S-3 with the SEC this morning announcing the sale of up to 3.15 million shares of common stock ...
Read Full Story »

Morning Movers (VVUS, ONVI, CTHR, PPO, GNK)

Posted: February 23, 2012 at 10:17 am

The three major US equities indexes opened about flat this morning as US jobless claims came in near expectations at 351,000 new claims (our coverage here). The European Commission’s forecast ...
Read Full Story »

Drop in Shipping Could Mean Weak Holiday Season for Retail (DRYS, GNK, EXM, SSW, DAC, TGT, M, WMT)

Posted: September 2, 2011 at 9:01 am

One indicator of a profitable holiday season for US retailers is the flow of goods into US ports. The shipping season for holiday goods generally starts in July and August ...
Read Full Story »

DryShips Acquires Competitor (DRYS, OCNFD, EGLE, EXM, GNK)

Posted: July 26, 2011 at 9:51 am

In October 2007, shares of bulk carrier DryShips Inc. (NASDAQ: DRYS) traded as high as $124/share. The share price today is less than $4/share, but that is not stopping the ...
Read Full Story »

Shipping Faces Oversupply, Rising Fuel Costs (AMKBF, DRYS, GNK, DSX, EGLE, EXM)

Posted: May 11, 2011 at 1:15 pm

Danish shipping giant A.P. Moeller-Maersk A/S (OTC: AMKBF) posted profit of $1.22 billion for the first quarter on revenue of about $15.2 billion, both significantly better than the same period ...
Read Full Story »

Shipping Companies and the Japan Effect (DRYS, DSX, GNK, AMKBF, DAC, SSW, FRO, NAT, TK, TGP, GLNG, SEA)

Posted: March 21, 2011 at 10:54 am

As Japan recovers from the devastating earthquake and its aftermath, the country will depend heavily on importing raw materials into the country and exporting finished goods. There are a number ...
Read Full Story »

Dry Bulk Shippers Raising Cash to Diversify (DSX, DRYS, GNK, TOD)

Posted: December 23, 2010 at 9:42 am

A couple of large deals have now been completed in the shipping business, the latest of which is the partial spin-off by Diana Shipping Inc. (NYSE: DSX) of 80% of ...
Read Full Story »

Shippers Face More Woes on Over-capacity (DRYS, DSX, GNK, AMKBF)

Posted: July 14, 2010 at 2:25 pm

We've been watching the Baltic Dry Index, BDI, for a while now as it slides further and further down. The index, which measures freight rates for ships carrying commodity cargoes ...
Read Full Story »

Container Shipping Rises While Commodity Shipping Slides

Posted: July 8, 2010 at 1:39 pm

Seaborne shipping is experiencing a boom and bust period now as container shipping is having a difficult time meeting demand while dry bulk shipping continues its free-fall. The Baltic Dry ...
Read Full Story »

Commodity Shipping Continues Declining (DRYS, GNK, DSX, SEA, FRO, TK)

Posted: July 1, 2010 at 11:56 am

The Baltic Dry Index, which tracks global shipping rates, has fallen for 24 consecutive days, its longest losing streak since August 2005. The BDI closed at 2,406 yesterday, its lowest ...
Read Full Story »