Given the global economic slowdown, lower commodity prices, and cool-down in former red-hot grow markets such as China; the accompanying table presents statistics and an overview of a global transport short ETF strategy for passenger airlines, auto makers, maritime, and trucking companies.
While I am still bullish on the prospects for railroads as a long investment idea and a hedge to these short transport ETF ideas, they will also suffer to some degree depending on the length and depth of the s
Editor's Note: This post was written by Fil Zucchi, one of Minyanville's many sharp minds.
Drybulk shippers have been slammed over the last few days courtesy of a plunge in capesize spot rates. However, according to the sharp eyes at Dahlman Rose, the volume of new spot fixtures has been exceedingly low of late. And taking a slightly longer perspective, spot rates are up more than 100% since last year.
A few things to keep in mind:
Not all shippers are created equal: DryshipsNASDAQ:DRYS) plays in almost strictly in the spot market and therefore
Within the last two weeks, both TheStreet.Com and Motley Fool have come out with articles recommending the purchase of shipping stocks. The recent surge in the Baltic Dry Index is certainly an excellent reason. Since the low of this year, the BCI has surged from around $80,000 to $230,000+. The BPI has surged from around $40,000 to $80,000+. The BSI has surged from around $40,000 to $66,000+. The BCI has surpassed its 2007 high. The BPI and the BSI are nearing their 2007 highs. The shipping stocks are still significantly below their 2007 highs. The experts are predicting the Baltic Dry ind
Recap of CNBC's Fast Money, Thursday June 5.
<!---->
Holy Dow: Wal-Mart (WMT)
Thursday saw a market-wide rally and with a triple-digit jump for the Dow on news of stronger consumer confidence. WMT reached a four-year high thanks to government stimulus checks. Guy Adami predicts the S&P 500 will surpass its point of resistance and reach 1410. Pete Najarian said the market-wide bullishness was “unbelieveable” and couldn’t account for it. Guy Adami pointed to record short interest in May, and says commodities and equities are coming back. Jeff Macke thinks investors are tired of bad news
Recap of CNBC's Fast Money, Tuesday May 20.
<!---->
Gas High, Consumer Low: AIG (AIG), Trinity Industries (TRN), Apple (APPL), Research in Motion (RIMM), Google (GOOG), Trinity (TRN)
Rising oil and the concerned consumer are bringing down stocks, and Joe Terranova thinks the combination will spell trouble as the S&P dipped below its 200-day moving average. Jeff Macke thinks the market needed an excuse to sell and agrees with T. Boone Pickens that oil is going higher. Najarian blamed AIG for some of Tuesday’s problems and agrees that high gas prices will mean a difficult summer. Terranova
Beam me up Scotti! Wouldn't it be nice to beam up a 100 million metric tons of coal, steel, wheat, copper or any other commodity from here to say China, or India, or Brazil? Well, technology is not there yet! The way this stuff is transported from producers to consumers overseas is mainly by huge ocean going vessels, marine tankers and they are busy these days carrying over huge amounts of every commodity to countries where demand is outstripping supply as every day goes by.
<!--more-->
Only a decade ago Chinese were riding bicycles and wearing grey uniforms, happy to have a bowl of rice o
I bought EXM on March 20 for $26.26. It's gained dramatically over the past month: 43.16%! I like the fundamentals and technicals are still looking good, if not a big extended. I'll be watching 200 EMA closely. If we can bust through, establishing a new line of support, that would be ideal. If we fall back to 50 EMA I plan to add to this position.
With a 20% runup today, there's great temptation to sell on the news ("yes" vote on the merger with QMAR). But I'm holding EXM. Take a look at this slideshow.
EXM will become the world's largest drybulk shipper, with 47 ships compared to Navios' 38 and Dryships' 36.
EXM has 8 newbuilds which will be delivered between 2008-2010. All are capesize (largest size with the highest rates). EXM has a 100% interest in 1, a 42.8% interest in another, and a 50% interest in the remaining 6.
Fixed charter rates will decline from 78% in 2008, to 57% in 2009, to 46% in 2010. The fixed charters provide securi
Excel Maritime Carriers Ltd. (EXM) announced that it completed its acquisition of Quintana Maritime Limited (QMAR). The merger creates a combined company that operates a fleet of 47 vessels with a total carrying capacity of approximately 3.7 million DWT and an average age of approximately 8 years. The combined company will be one of the largest dry bulk shipping companies in the industry and will operate the largest dry bulk fleet by DWT of any shipping company listed in the U.S. EXM is up 21.43%. I'm holding, as I think the $50'ish range is possible this year.
Hey everyone thanks for reading my blog. I hope all of you are still making money after a wild week in the markets. Today I am going to be talking about Excel Maritime Carriers a company I found while scanning the list of top gainers the NYSE. Wednesday they had a great day up 5.49% for the day. This company just came out with some great earnings on August 13th beating analyst estimates by a whopping 20.42%
What do they do? Excel Maritime Carriers Ltd. (Excel) is a shipping company. The Company is a provider of worldwide sea borne transportation services for dry bu...
Data powered by QuoteMedia.
All Rights Reserved.
Data delayed 15 to 20 minutes unless otherwise indicated.
Terms of Use.
None of the information contained on SocialPicks.com constitutes a recommendation by SocialPicks or its users that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. SocialPicks is not responsible for the posts, discussions, and recommendations of the users on the Site. SocialPicks does not provide investment advice. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the website. SocialPicks' users' past results are not necessarily indicative of future performance. Neither SocialPicks nor any of its users guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the website. You understand and agree that you use the Site and Services at your own discretion and risk and that you will be solely responsible for any damages that arise from such use. Before acting on any information contained on the website, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.
Editor's Note: This post was written by Fil Zucchi, one of 
