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I have used this title twice in the past and is time to dust it off once again. It is actually a Bull Trap, but I sort of refer to it as a trap set by the Bear. The first time was early 2002 when the S&P rallied to about 1,200 in that bear market, the lows ended up around 800, giving up -3...
North American Tankers (NYSE: NAT ) is downgraded to Underperform from In-Line with a $4 price target at Evercore ISI, which expects the stock's recent run-up on soaring tanker rates to reverse as oil prices begin to recover amid a return of some semblance of demand. More news on: Nordic...
Navios Maritime Acquisition (NNA) is the tanker arm of the Navios Group, which controls ~200 vessels, of which 46 are controlled by NNA (13 VLCCs, 10 LR1s, 18 MR2s, 3 MR1s and 2 Chemical Tankers). These include the five vessels added to NNA's Fleet in December 2019 following the liquidation of...
Note: This is an update from our previous report , published on Wednesday morning, 4 March. I highly suggest reviewing that previous article and the comments section underneath for more context. I am returning to review our list of top-12 picks after we smoked the market over the past two mo...
Note: I have covered Performance Shipping (NASDAQ: PSHG - formerly DCIX ) previously, so investors should view this as an update to my earlier articles on the company. Two months ago, I provided an update on Performance Shipping, a small Greece-based company currently transfo...
Tanker stocks are rallying, as WTI crude oil plunges again amid pressure from a huge glut: NAT +16.5% , TNP +11.2% , TK +8.9% , FRO +7.7% , ASC +7.3% , DHT +7.2% , TNK +7.1% , EURN +6.7% , DSSI +6.1% , STNG +4.8% . More news on: Nordic American Tankers Limited...
Axsome Therapeutics (NASDAQ: AXSM ) +44% as Avadel Pharmaceuticals gains 34% on positive data on lead drug. More news on: Axsome Therapeutics, Inc., Avadel Pharmaceuticals plc, Yield10 Bioscience, Inc., Stocks on the move, , Read more ...
Because of the COVID-19 pandemic, half of the world’s population is currently in lockdown mode. Few cars are on the streets, and few airplanes are in the sky, nobody goes on cruise ships. The global lockdown has led to a significant decline in global oil demand. Even with the recent agr...
Introduction We can try to speculate what happened in the crude oil futures market Monday, April 20, but Goldman Sachs (GS) did it for us . To summarize, Roger Diwan of IHS Markit said: Speculators found themselves unable to resell the WTI contract, and have no storage booked to get del...
By now, everyone has heard of Hin Leong's bankruptcy filing in Singapore. However, we should remember that Hin Leong owns and operates Universal Terminal, one of the largest crude oil terminal and storage facilities in the world. And, that out to the massive number of tankers anchored in Singa...
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2024-07-10 21:22:00 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...
HAMILTON, BERMUDA, June 13, 2024 – DHT Holdings, Inc. (NYSE:DHT) (“DHT”) announces the results of its 2024 Annual Meeting of Shareholders (the “Annual Meeting”) held on Wednesday, June 12, 2024. Shareholders holding an aggregate of 111,155,645 common shares ...