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CNBC's Mad Money Jim Cramer said in an interview with Erin Burnett that dry-bulk shippers are no longer in the bear market. He expects their dividends to come back in 2010.
Cramer's favorite in the group is Dianna Shipping (NYSE: DSX). He recommended investors to buy the stock. Dianna Shipping (DSX) jumped 4.66% to $17.97.
Diana Shipping (NYSE: DSX) opened at $17.84. So far today, the stock has hit a low of $17.48 and a high of $18.24. DSX is now trading at $17.90, up $0.73 (4.25%). Over the last 52 weeks the stock has...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)
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We had a big day for shipping firms today in the stock market, with SEA (Claymore-Delta Global Shipping ETF) moving up over 3%, and some shipping companies posting gigantic advances: EGLE up 16%, OCNF up 15%, GNK up 15%. So what is the real reason for the sudden optimism in this beaten-down, depressed and desolate [...]
Analysts were expecting Diana Shipping Inc. (DSX) [Chart - News - Analysis] to report earnings of $0.34 for last quarter, but DSX beat expectations with actual earnings of $0.36---2 cents above the consensus estimate.
If you compare last quarter's earnings to the $0.77 the company made per share during the same quarter a year ago, you can see that DSX’s earnings are down this year.
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Also, if you compare DSX's -6.35% projected earnings-per-share (EPS) growth rate for the next five years with the projected EPS growth rate of 8.89% for the Shipping industry as a whole during that same time frame, you can see that analysts expect DSX to underperform the industry in the future---which is a bad sign for the stock.
Drilling down a little deeper into the Shipping industry, you can see how analysts believe DSX will stack up against some of the other stocks in the industry, like Teekay LNG Partners LP. (TGP) [Chart - News - Analysis] and Kirby Corporation (KEX) [Chart - News - Analysis], in the future. Analysts believe TGP's earnings are going to grow at a rate of 5.67% while KEX's earnings are going to grow at a rate of 12.77%.
Earnings season can be a volatile time in the stock market. Check out these videos and articles to be better prepared to take advantage of the large price moves that tend to accompany earnings announcements.
Analysts were expecting DryShips, Inc. (DRYS) [Chart - News - Analysis] to report earnings of $0.20 for last quarter, but DRYS beat expectations with actual earnings of $0.27---7 cents above the consensus estimate.
If you compare last quarter's earnings to the $3.53 the company made per share during the same quarter a year ago, you can see that DRYS’s earnings are down this year.
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Also, if you compare DRYS's 0.00% projected earnings-per-share (EPS) growth rate for the next five years with the projected EPS growth rate of 7.19% for the Shipping industry as a whole during that same time frame, you can see that analysts expect DRYS to underperform the industry in the future---which is a bad sign for the stock.
Drilling down a little deeper into the Shipping industry, you can see how analysts believe DRYS will stack up against some of the other stocks in the industry, like Diana Shipping Inc. (DSX) [Chart - News - Analysis] and Frontline Ltd. (FRO) [Chart - News - Analysis], in the future. Analysts believe DSX's earnings are going to grow at a rate of -6.35% while FRO's earnings are going to grow at a rate of 0.00%.
Earnings season can be a volatile time in the stock market. Check out these videos and articles to be better prepared to take advantage of the large price moves that tend to accompany earnings announcements.
After a thrilling two-week rally in the stock market during early September, shippers began to fall. They had been enjoying a nice rally on the general premise of economic recovery, market stabilization, and rising materials prices. But suddenly on September 17th, the shipper sector broke, and leading names fell - plummeted, actually, at a much faster rate than the modest pullback in the general market would have implied.[More...]
Guest: Corey Rosenbloom, Pro Investor and top blogger. We look at the best ways to start trading the markets and how Corey controls risk and continually learns. He gives a stunning review of my book - The Disciplined Investor... Nice! We also discuss the sector rotation that would be occurring if the markets were normalized. In addition, listen in for the the 12 Tribes of Investing.
Guest: Russ Kinnel, Morningstar's director of mutual fund research talks with Andrew about fees, performance and the future of the fund business. Find out about the hidden trap with international funds and we find out if ETFs are going to replace the popular open-end funds.
Russ Kinnell is Morningstar's director of mutual fund research. He is also the editor of Morningstar FundInvestor, a monthly newsletter dedicated to helping investors pick great mutual funds, build winning portfolios, and monitor their funds for greater gains.
