Markets opened up a bit this morning, but by 10:00 a.m. equities had turned back down, with the DJIA sliding down nearly -200 points before rallying back to its opening mark in…
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 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…
These are some of this Tuesday’s top analyst upgrades, downgrades, and initiations seen in Wall Street research calls. Aluminum Corp Of China (NYSE: ACH) Cut to Undeweight at JPMorgan. Atheros Communications Inc.…
These are this Monday’s top analyst upgrades, downgrades, and initiations seen from Wall Street research calls: Ciena Corp. (NASDAQ: CIEN) Started as Buy at Auriga. DryShips (NASDAQ: DRYS) Raised to Buy at…
Jim Cramer came out with his series of themes for 2010 on CNBC’s MAD MONEY this evening, and tonight’s theme was ‘Going Global.’ Despite the market being overbought and the negative news headwinds, today…
These are ten of the top analyst upgrades and downgrades that are independent of earnings news from Wall Street this Thursday morning: ABB (ABB) Cut to Hold at Societe Generale. Air Products…
Jim Cramer’s featured list of stocks this week on CNBC’s MAD MONEY is on companies which have grown or will grow their dividends. Tonight, Cramer touted Proctor & Gamble Co. (NYSE: PG)…
It looks like Jim Cramer is doing a new feature list of companies this week that may actually grow their dividends or that have boosted dividends. On tonight’s MAD MONEY on CNBC,…
Over the past week 24/7 Wall St. has picked several stocks from major sectors that are likely to double off of their lows. This group focuses on the transportation sector with the…
Nordic American Tanker Shipping Ltd. (NYSE: NAT) is getting hammered this morning on very active trading. details… DryShips inc. (NASDAQ: DRYS) has little overlap in the sub-sector of shipping other than that…
Douglas A. McIntyre There has been one shipping company which has been largely immune to the woes of the shipping sector and the global economy. That is Nordic American Tanker Shipping Ltd. (NYSE: NAT). It…
Douglas A. McIntyre These are some of the top pre-market analyst downgrades we have seen early this Monday morning: Barrick (ABX) Cut to Neutral at UBS. Cogent (COGT) Cut to Neutral at JPMorgan. General Maritime…
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…
