24/7 Wall St. » OCNF

Dry Bulk Shipping Stocks Rally

247wallst — Mon, 16 Nov 2009 21:39:36 +0000

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 (NYSE: GNK), Euroseas Ltd (NASDAQ: ESEA), and Eagle Bulk Shipping (NASDAQ: EGLE) today. All three made major moves today.

Over half of the dry shipping stocks in the Tickerspy index has risen over 100% off of their 52-week lows. The industry was placed in serious jeopardy as global trade entered a state of decline during the credit crunch. Shipping rates fell dramatically as recently as this summer, but have been on the rise in recent months.

Garrett W. McIntyre

Posted in Transports Tagged: *DBULK, DRYS, DSX, EGLE, ESEA, EXM, Global Trade, GNK, KEX, NM, OCNF, ONAV, PRGN, SB, SBLK, TRMD

Top 10 Pre-Market Analyst Upgrades (AKS, ARO, NTRS, OCNF, URBN)

247wallst — Wed, 07 Jan 2009 07:50:19 +0000

There were not as many analyst upgrades today, but here are this Wednesday’s early bird upgrades:

AK Steel (NYSE: AKS) Raised to Buy at Goldman Sachs.
Aeropostale (NYSE: ARO) Started as Buy at KeyBanc (late yesterday).
Northern Trust (NASDAQ: NTRS) Raised to Buy at Goldman Sachs.
OceanFreight (NASDAQ: OCNF) Raised to Perform at Oppenheimer.
Urban Outfitters (NASDAQ: URBN) Started as Buy at KeyBanc (late yesterday).

Jon C. Ogg
January 7, 2009

Posted in Analyst Calls Tagged: AKS, ARO, NTRS, OCNF, URBN

Pre-Market Analyst Calls (June 5, 2007)

247wallst — Tue, 05 Jun 2007 06:37:56 +0000

AAP raised to Neutral at JPMorgan.
ALDN cut to Mkt Perform at FBR.
ALY started as Outperform at Wachovia.
BEBE cut to Mkt Perform at FBR.
BEN cut to Underweight at JPMorgan.
BHP raised to Buy at Citigroup.
CPO started as Buy at BB&T.
CRZO started as Buy at Sun Trust Robinson Humphrey.
FIF raised to Outperform at Piper Jaffray.
HAS cut to Underweight at JPMorgan.
JNPR cut to Neutral at UBS.
OCNF started as Buy at Cantor Fitzgerald.
OHI started as Neutral at UBS.
OPWV cut to Underweight at JPMorgan; cut to Underperform at CIBC.
ORBC started as Mkt Perform at Piper Jaffray.
REG started as Neutral at Baird.
SFLY started as Strong Buy at JMP Securities.
SWIR raised to Outperform at CIBC.
SLR raised to Neutral at Credit Suisse.
TELK cut to Mkt Perform at Wachovia.
TRMP cut to Underperform at Bear Stearns.
WRI started as Outperform at Baird.
XEC cut to Neutral at UBS.

Jon C. Ogg
June 5, 2007