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Quiet Market Remains in Bull Mode (KO, YUM, PRGO, CHD, HEAT, PRGN)

Posted by Geoff Seiler at 6:59PM on February 7th

After a lackluster start to the day, stocks finished the day strong to end in positive territory. Earnings were generally solid, and there was little in the way of economic news. News out of Europe was also relatively quiet. The…

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Goldman’s Mixed Views On Dry Bulk Shippers Keeps Sector Docked (DRYS, DSX, PRGN, FREE, NM, TRMD)

Posted by Jason Smith at 11:47AM on June 3rd

Shares of dry bulk shipper DryShips (DRYS) are surging 8% today after Goldman Sachs upgraded the stock to “buy” from “neutral,” citing valuation and increased demand for dry bulk shipping services. Goldman also boosted its price target on DryShips to $6…

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Dry Bulk Shippers Sailing Some Rough Seas (EGLE, PRGN, FREE, NM, GNK, BALT, DSX, SB)

Posted by Jason Smith at 11:55AM on February 7th

Try as they might, dry bulk shipping stocks just can’t seem to get their respective ships headed in the right direction, a fact highlighted by a loss of 15% in the past six months for the Dry Bulk Shipping Stocks…

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Dry Bulk Shippers Not Helped By Analyst Comments (DSX, EGLE, DRYS, TRMD, PRGN, SHIP)

Posted by Jason Smith at 12:49PM on January 19th

Dry bulk shipping stocks do not respond well to a decline in risk appetite. That lesson was learned during the financial crisis and while the sector has found its way to better times, any pullback in demand for riskier assets,…

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Dry Bulk Shares Discounted Amid BDI Decline (EGLE, GNK, DSX, DRYS, ESEA, EXM, SB, PRGN, BALT, OCNF)

Posted by Owen Vater at 3:16PM on September 22nd

A week ago Wells Fargo initiated coverage on the shipping sector, and the firm was bullish on a number of dry bulk stocks. After brushing with the 3,000 mark earlier in September, the industry pricing benchmark Baltic Dry Index (BDI)…

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Dry Bulk Uncertainty Remains Despite Positive Data (SBLK, ESEA, EGLE, DRYS, GNK, DSX, PRGN)

Posted by Owen Vater at 9:40AM on September 3rd

Both China and the United States posted better than expected August manufacturing growth earlier this week, and while the news bodes well for the continued economic recovery, recent commentary from dry bulk shipping giants indicates that uncertainty for the sector’s…

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Five High-Yielding Plays On The Dry Bulk Shipping Rebound (SB, SBLK, PRGN, ESEA, NM, DSX, DRYS)

Posted by Owen Vater at 8:49AM on August 4th

The dry bulk shipping sector has rebounded substantially over the last month on waning global economic pessimism and a rebound in the industry’s pricing benchmark, the Baltic Dry Index (BDI). As of this writing, the Dry Bulk Shipping Stocks Index…

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Is A Real Dry Bulk Reversal At Hand? (DRYS, DSX, GNK, PRGN, EGLE, EXM, SB, BALT)

Posted by Jason Smith at 9:25AM on July 22nd

After posting its longest losing streak in 15 years, the Baltic Dry Index has now rallied for four consecutive sessions, stoking optimism that the recent dry bulk shipping rally could be more than speculative bargain hunting.

As a whole, the Dry…

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Dry Bulk Shares Still ‘Cheapest’ Around (DRYS, DSX, PRGN, WLFC, AER, AYR)

Posted by Jason Smith at 3:11PM on July 13th

The price to earnings ratio is among the most closely watched, yet hotly debated financial ratios used when performing fundamental analysis on equity investments. The ratio, which when divided out results in a stock’s “P/E multiple,” is a means of…

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Dry Bulk Traders Shrug Off Continued BDI Decline (DRYS, SB, PRGN, GNK, ONAV, ESEA, DSX, EGLE)

Posted by Owen Vater at 11:40AM on July 9th

The dry bulk shipping sector has been punished severely over the past three months, with most stocks slipping by -20% or more. However, while the industry pricing benchmark Baltic Dry Index has continued its freefall to fresh 52-week lows, a…

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