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Posts related to ‘GNK’

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

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

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

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

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

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

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

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 ...
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Container Shipping Rises While Commodity Shipping Slides

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

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 ...
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New Pricing Scheme for Iron Ore Attacked

For the past 40 years, the price of iron ore has been set annually in a negotiated deal between miners and buyers. Typically, the first large customer to cut ...
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Dry Bulk Shipping Stocks Rally

Tickerspy's Dry Bulk Shipping Stock Index (*DBULK) rose 5.1% today, beating the S&P 500 by 1.3.%.  Dry shipping stocks were given a boost by upgrades today.  Deutsche Bank upgraded Genco ...
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Top Pre-Market Analyst Upgrades (AMGN, CPLP, DRIV, DSX, DNA, GNK, MAKO)

These are some of the top upgrades we are seeing from Wall Street analysts this morning:Amgen (AMGN) Raised to Outperform at William Blair.Capital Product Partners (CPLP) Started as Outperform at ...
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Earlybird Analyst Calls (June 19, 2007)

ACLI cut to Hold at Deutsche Bank.ACOR raised to Buy at B of A.AGO cut to Underweight at JPMorgan.ANAD started as Buy at Oppenheimer.ANET cut to Neutral at Baird.ATHR started ...
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