No matter what kind of cargo a shipping company moves, that company is likely to be in some financial distress. Rates for moving containers, dry bulk, and oil are all way down…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Friday morning. Aruba Networks, Inc. (NASDAQ: ARUN) Raised to Overweight at Barclays. Career…
It is hard to call the market weak right now even if today was a mixed day. We have seen a meteoric rise from the bottom. So what happens when you see…
Jon OggAs 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 of…
Day rates for crude oil supertankers, VLCCs, peaked in 2009 at around $100,000/day. Today, if you want to ship 2 million barrels of oil from the Middle East to Korea, you’d have…
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 point since…
These are ten of this Wednesday’s top analyst calls with upgrades, downgrades, and initiations seen in Wall Street research notes: Apple Inc. (NASDAQ: AAPL) Raised estimates and Target to $348.00 at Piper…
As an indicator of global economic activity, the Baltic Dry Index, which tracks global shipping rates, has been quite reliable at pointing out at least directional trends both in shipping activity and…
This week felt like the sudden snap-back for dividend hikes after a week or two of fewer news announcements from major companies. It was in big companies too, rather than just the…
These are the top ten analyst upgrades and downgrades we have seen from Wall Street early this Monday morning with more than two hours until the market opens: Accenture (ACN) Raised to…
It is no secret that shipping stocks have been horrible performers of late. In fact, they have made the dismal performance seen at some trucking companies look like trucking was a blue…
AOB started as Outperform at CIBC.AUY started asOutperform at Credit Suisse.BGFV cut to Sector Perform at CIBC.BJ raised to Equal Weight at Lehman.BLK started as Outperform at Wachovia.CCL raised to Overweight at…
