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Supply-chain disruptions don't look like they're going away anytime soon. Easing? Perhaps, but that doesn't/won't equate to disappearing. The number of anchored ships at major global ports continues to be extremely high; ports are filled with ships and yards are filled with containers...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips In any other time period, those who adopted a contrarian view to making expensive acquisitions — such as a new or used car — amid a heightened retail environment would be correct: just exercise patience and p...
Global Ship Lease is my current top pick in the containership lessor sector and a key beneficiary of tight supply chains. We first publicly recommended containership investments last September. After one year, our average return was 509% across our six listed picks. In a few selec...
Danaos has fallen 13.42% yesterday due to the Golden Week holiday and some concerns about the Chinese shortage of power, which can slow the production of export goods. I believe that the dip was too deep, which can be explained by market overreaction and impulsive behavior o...
October 4th saw a massive selloff in the shipping industry. This seems to have primarily been in line with broader market trends and short term fluctuations in container rates. Given the season nature of the rate selloff and insulation of many companies from these fluctuations, th...
Expansive unconventional fiscal and monetary policy furthered cooperation between the US government and the Federal Reserve. The US government is heavily impacting the measures of the Federal Reserve via its budget plan. Expansive fiscal and monetary policy will lead to a deprecia...
Shares of shipping companies took a nosedive on Monday as the market weighed the future demand for their vessels. Investors appeared to be worried about shipping from China, higher rates, and even the oil spill in California. Shares of Safe Bulkers (NYSE: SB) were down by as muc...
Gainers: Sino-Global Shipping America SINO +6%. Armstrong Flooring (NYSE:AFI) +6%. Lightbridge (NASDAQ:LTBR) +5%. Losers: Danaos (NYSE:DAC) -15%. Global Ship Lease (NYSE:GSL) -12%. ZIM Integrated Shipping (NYSE:ZIM) -11%. Broadwind (NASDAQ:BWEN) -10%. StarTek (NYSE:SRT) -9%. For furthe...
Gainers: Xenon Pharmaceuticals XENE +84%. Elmira Savings Bank ESBK +67%. Superior Drilling Products (NYSE:SDPI) +38%. Mexco Energy (NYSE:MXC) +36%. American Resources AREC +33%. Ring Energy (NYSE:REI) +22%. Nine Energy Service (NYSE:NINE) +20%. Progenity (NASDAQ:PROG) +18%. Lio...
The global shipping industry has officially hit a crisis point -- loaded ships are queued outside ports around the world, and companies are clamoring for workers who may not get off a ship for a year or more. At the same time, the global economy is picking up steam as demand for goods incre...
News, Short Squeeze, Breakout and More Instantly...
Danaos Corporation (NYSE: DAC), one of the world’s largest independent owners of containerships, announced today that (i) it has added $616 million to its contracted revenue backlog and (ii) has added an extra five newbuilding containerships to its orderbook. The contract revenue backl...
2024-06-10 21:28:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-05-30 05:04:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...