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Technicals Decidedly Negative As Indices Close Mostly Lower

Wed, 28 Oct 2009 04:01:27 GMT

The indices closed mostly lower today, with the Dow managing to keep its head above water and closing in the plus column as the only index to do so.[More...]

DryShips Beats (DRYS), Results Hurt

Tue, 27 Oct 2009 13:16:47 GMT

DryShips, Inc.’s (DRYS) third-quarter earnings of 27 cents per share were 6 cents ahead of the Zacks Consensus Estimate. This excludes a loss of $39.3 million or 15 cents per share associated with the valuation of the company’s interest rate swaps. However, earnings were down substantially from $3.53 per share in the prior-year quarter.[More...]

Four Shippers Emerging From The Mire

Wed, 21 Oct 2009 21:20:36 GMT

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...]

Indices Hold Support In Consolidation Session

Tue, 13 Oct 2009 22:44:56 GMT

The indices closed mostly lower today, but it was basically a consolidation day. The indices were up early, backed off immediately, stabilized, came on again, and made their session highs on the Nasdaq 100 just before lunch hour. But then they pulled back down again, ran up again, as they basically were back and forth all day.[More...]

The Baltic Dry Index: A Solid Gauge Of Global Economic Health

Tue, 13 Oct 2009 17:48:10 GMT

Funny how bulls and bears can look at exactly the same data, yet come to completely different opinions. Take the Baltic Dry Index, which measures charter rates for ships carrying bulk commodities, for example.[More...]

Profit-Taking Leads To Gentle Retracement

Fri, 11 Sep 2009 23:00:00 GMT

The indices did run into some profit-taking on Friday, but after the strong week we had it’s understandable.[More...]

Indices Claw Back Into Positive Territory With Big Snapback Rally

Thu, 27 Aug 2009 22:28:44 GMT

The markets got a lot of volatility on Thursday. They were down sharply in the morning, even breaking support, then bounced back mid-morning, and accelerated into early afternoon, before consolidating late in the session. Net on the day, the indices managed to claw their way back into positive territory.[More...]

Shipping Industry Stocks: DSX, DRYS, FRO, GNK, NAT, TNP

Fri, 21 Aug 2009 18:53:38 GMT

Perhaps there is no industry more sensitive to global economic activity than the international shipping industry. The financial crisis became a category 5 hurricane last September and blew the entire global shipping industry off course. All sectors of the shipping industry were affected – from oil tankers to dry bulk shippers to container ships. The sudden drying-up of credit, including trade finance, and collapsing trade volumes have changed the industry’s concerns completely. Only a year or so ago the concern in the shipping industry was whether the infrastructure of many countries, especially port facilities, was expanding rapidly enough to handle break-neck growth in shipping traffic volumes. As shipping rates have plunged, the concern now is whether the bottom in the shipping industry has been reached or whether there is further to go on the downside. The good news is that “green shoots” are appearing – again ships are waiting in[More...]

Shippers Disappoint Market, Market Disappoints Shippers

Thu, 13 Aug 2009 04:08:48 GMT

When a company without a dividend declares one, the stock is supposed to be worth more. Especially a shipper. For a shipper with a suspended dividend, restarting its dividend again is almost the Holy Grail of good shipper earnings reports. But not if you are Paragon, apparently. The report read: "Paragon Shipping beats by $0.08; co announces it will begin paying a quarterly dividend again of $0.05 (15.80 -0.37) : Reports Q2 (Jun) earnings of $0.51 per share, excluding non-recurring items, $0.08 better than the First Call consensus of $0.43; revenues rose 4.1% year/year to $43.0 mln vs the $36.1 mln consensus." The stock traded over $5 for a brief moment in the aftermarket then[More...]

Advance In DRYS: Halt Or Retreat

Wed, 29 Jul 2009 13:47:47 GMT

Yesterday I was going to write a short article about the "green bar of death" but didn’t find the time. Where is this green bar? It is on the daily chart of DRYS. Take a look at the chart, and look at the days with the largest green bars. Then look what happened the days after that to the market. I’m saying that an outsized advance in DRYS has generally either called a halt to a market advance or marked the beginning of a market retreat. Yesterday DRYS had such a bar. That is one of the reasons I sold out most of my positions this morning. The Green Bar of Death had struck again. Of course, this verges on superstition. Or does it? Consider how new money finds its way into DRYS stock. It is apparent that DRYS does not[More...]

Capital One, GM, Dish Network are big movers

Mon, 11 May 2009 21:49:00 GMT

NEW YORK - Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:
Higher prices and lower costs pushed earnings of the country's No.
2 satellite TV supplier higher, even as it lost subscribers.

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'09 Blade Stock Market Entries Favor Familiar Names

Sun, 11 Jan 2009 14:12:00 GMT

Jan. 11--IN A NORMAL YEAR, it might not make sense to pick blue chip stocks like Apple, Microsoft, or General Electric as a strategy to win The Blade's 2009 Stock Market Contest.
After all, blue chips are usually mature and don't have a lot of growth potential, said Andrew Weiner, a financial adviser at the Toledo office of Smith Barney, one of the co-sponsors of the contest that began Jan. 1.
But with the stock markets losing nearly 40 percent of their value last year and blue chips getting beaten down, blue chips might not be a bad play this year, Mr. Weiner said.

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Husband, Wife Switch First, Third Places for July

Tue, 05 Aug 2008 12:05:00 GMT

Aug. 5--First came Kramer vs. Kramer.
In an odd development in The Blade's Stock Market Game, last month's third-place contestant, Dan Stacy, has traded places with last month's leader -- his wife, Diane Stacy.
Last month's second-place contestant, Michael McHaffie, of Waterville, remains in that spot through the end of July despite the flip-flop by the Stacys, who reside in Gibsonburg.

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DryShips Inc. Reports Financial and Operating Results for the Third Quarter Ended September 30, 2009

Mon, 26 Oct 2009 20:49:00 GMT

Third Quarter 2009 Financial Highlights
For the third quarter of 2009, the Company reported a net profit of $35.6 million or $0.12 basic and diluted profit per share.
- Basic earnings per share for the third quarter of 2009 include a non-cash accrual for the cumulative dividends on the Series A Convertible Preferred Stock, amounting to $4.0 million, which reduces the income available to common shareholders (basic earnings per share is calculated as net income less accrued dividends on preferred stock divided by weighted average number of common shares outstanding).

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PicksThatMove.Com Announces Investment Opinion on DRYS, CERP, NRK, RF and DML

Tue, 20 Oct 2009 21:46:00 GMT

PicksThatMove is pleased to bring investors special situation stocks which have a high potential for price appreciation.
DryShips Inc. (NASDAQ: DRYS), +$0.229, 3.24%, $7.99, is continuing its active trading today on no recent news developments.
After the market close on October 26, 2009, shareholders can expect the results of the company's earnings for the third quarter and nine months, ending September 30, 2009.

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DryShips Announces Appointment of Chief Financial Officer

Fri, 16 Oct 2009 13:48:00 GMT

DryShips Inc. (NASDAQ: DRYS) (the "Company" or "DryShips"), a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, announced today that it named Ziad Nakhleh as the Company's Chief Financial Officer effective November 1, 2009.
This position was previously occupied on an interim basis by Mr. George Economou, Chairman and Chief Executive Officer.
DryShips Inc., based in Greece, is an owner and operator of drybulk carriers and offshore oil deep water drilling that operate worldwide.

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DryShips Announces It Has Signed Agreements With Nord LB and West LB on Waiver Terms for a Total of $183 Million of Debt

Tue, 13 Oct 2009 13:46:00 GMT

DryShips Inc. (NASDAQ: DRYS) (the "Company" or "Dryships"), a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, announced today that it has signed agreements with Nord LB and West LB on waiver terms for $116 million and $67 million respectively of our outstanding debt.
DryShips Inc., based in Greece, is an owner and operator of drybulk carriers and offshore oil deep water drilling that operate worldwide.
Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including changes in charterhire rates and vessel values, changes in demand that may affect attitudes of time charterers to scheduled and unscheduled drydocking, changes in DryShips Inc.'s operating expenses, including bunker prices, drydocking and insurance costs, or actions taken by regulatory authorities, potential liability from pending or future litigation, domestic and international political conditions, potential disruption of shipping routes due to accidents and political events or acts by terrorists.

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DryShips Announces It Has Reached an Agreement With Nord LB on Waiver Terms for $116 Million of Debt

Thu, 01 Oct 2009 13:49:00 GMT

DryShips Inc. (NASDAQ: DRYS) (the "Company" or "DryShips"), a global provider of marine transportation services for drybulk cargoes and offshore oil ultra deep water drilling, announced today that it has reached an agreement with Nord LB on waiver terms for $116 million of our outstanding debt.
George Economou, Chairman and Chief Executive Officer, commented: "We are pleased to have reached an agreement with Nord LB. We continue to have constructive discussions for waivers with the last couple of banks who are all very supportive of the company."
Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including changes in charterhire rates and vessel values, changes in demand that may affect attitudes of time charterers to scheduled and unscheduled drydocking, changes in DryShips Inc.'s operating expenses, including bunker prices, drydocking and insurance costs, or actions taken by regulatory authorities, potential liability from pending or future litigation, domestic and international political conditions, potential disruption of shipping routes due to accidents and political events or acts by terrorists.

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DryShips Announces the Results of Its 2009 Annual General Shareholders Meeting

Mon, 28 Sep 2009 20:46:00 GMT

The following proposals were approved and adopted at the meeting:
DryShips Inc., based in Greece, is an owner and operator of drybulk carriers and offshore oil deep water drilling that operate worldwide.
As of the day of this release, DryShips owns a fleet of 41 drybulk carriers comprising 7 Capesize, 30 Panamax, 2 Supramax and 2 newbuilding Drybulk vessels with a combined deadweight tonnage of over 3.7 million tons, 2 ultra deep water semisubmersible drilling rigs and 4 ultra deep water newbuilding drillships.

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StockPreacher.Com Issues Technical Trading Overview for OceanFreight Inc.

Fri, 25 Sep 2009 11:48:00 GMT

DALLAS, Sept. 25, 2009 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring drybulk shipping company OceanFreight Inc. (Nasdaq:OCNF).
The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.
The investment report on OceanFreight Inc. (Nasdaq:OCNF) should be of particular interest to other drybulk shipping companies: DryShips Inc. (Nasdaq:DRYS), Eagle Bulk Shipping Inc. (Nasdaq:EGLE), Excel Maritime Carriers Ltd. (NYSE:EXM) and Diana Shipping Inc. (NYSE:DSX).

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wRatings Ranks Most Competitive Travel & Transport Companies in 2009

Thu, 10 Sep 2009 12:38:00 GMT

The wRatings Corporation, creators of the only standard customer rating system that measures stock performance, announced today the results of its annual rankings for the Most Competitive Travel & Transport companies.
The biggest mover is Vail Resorts (NYSE: MTN) rising from #75 to #12 in 2009, possibly indicating a turn of the tide in consumer spending.
In 2009, JetBlue (NASDAQ: JBLU) is the only airline to make the top 20 ranking.

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DryShips to Present at Jefferies 6th Annual Shipping &Amp; Offshore Services Conference

Thu, 03 Sep 2009 20:47:00 GMT

DryShips Inc., based in Greece, is an owner and operator of drybulk carriers that operate worldwide.
DryShips Inc.'s common stock is listed on the NASDAQ Global Market where trades under the symbol "DRYS." Visit our website at www.dryships.com
Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including changes in charterhire rates and vessel values, changes in demand that may affect attitudes of time charterers to scheduled and unscheduled drydocking, changes in DryShips Inc.'s operating expenses, including bunker prices, drydocking and insurance costs, or actions taken by regulatory authorities, potential liability from pending or future litigation, domestic and international political conditions, potential disruption of shipping routes due to accidents and political events or acts by terrorists.

[More...]

85% Profitable Trades Keep Galtstock.Com Subscribers Very Happy

Thu, 27 Aug 2009 15:09:00 GMT

The market is chopping up and down with lack of conviction, there are still great trading opportunities every week.
Subscribers to galtstock.com "SwingTrader" service (Membership) recently closed a trade in United Airlines for a 10% gain in 1 day.
Other closed trades this month were U.S. Oil Fund for 11.7% gain and FreePort-McMoran for a 10.1% profit.

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