(By Mayur Pahilajani - iStockAnalyst Writer)
A new set of shares were hit harder on Friday, pulling them down to their fresh 52-week low, amid overall negative sentiment in the financial market on Wall Street. Machinery manufacturers have largely been immune to the on-going credit crisis mainly due to consistent flow of capital in the sector, but the slowdown is inevitable. Shipping and chip manufacturing industry has started to feel the drift of the credit crisis.
Watch out of some of these shares including TBS International, Ltd. (NASDAQ: TBSI), Excel Maritime Carriers Ltd (NYSE: EXM), Asml Holding N V (NASDAQ: ASML), Diana Shipping Inc (NYSE: DSX), Dryships Inc (NASDAQ GS: DRYS), Deere & Company (NYSE: DE), General Dynamics Corporation (NYSE: GD) and Research In Motion Limited (USA) (NASDAQ: RIMM).
TBS International, Ltd. (NASDAQ: TBSI):
The global ocean transportation services company recently acquired its first heavy-lift tweendecker, M.V. CEC Cardigan, for $20.6 million, expanding its fleet to 47 vessels. The M.V. CEC Cardigan, which will be renamed as M.V. Zia Belle, is a 1997 built and 8,874 dwt heavy-lift multipurpose tweendecker with two 150 ton cranes. Shares of the firm hit a new 52-week low of $16.11 from its previous $17.04. Shares of the firm were recently trading down by 6.61 percent or $1.16 at $16.39 on NASDAQ market on Friday.
Excel Maritime Carriers Ltd (NYSE: EXM):
Excel Maritime Carriers, which has been affect by the dwindling domestic traffic, was moving downwards on New York Stock Exchange. It is a shipping company that engages in the ownership and operation of bulk carrier vessels. Recently, the Hamilton, Bermuda-based company's around 2.63 million shares were declared short as of July 2008, which means that there is no longer failure to deliver in the firm's stocks. But the firm failed to sustain the positive sentiment among the investors. The company is on the list of top losers so far today. Excel's stocks were trading down by 7.92 percent or $1.56 to $18.17 at 10:11am ET, with a new 52-week low of $17.90 from $18.32.
Asml Holding N V (NASDAQ: ASML):
Europe's largest maker of semiconductor equipment recently had reaffirmed its forecast for machine bookings in the third quarter.
