Shipping Stock Posts Dramatic Gains After Earnings Report
Daily Stock Market Summary: Markets are posting a positive run today after trading close to zero yesterday. Energy stocks, looking to take advantage of a hit to global oil supply after the United States’ violation of its agreement with Iran, are leading the surge. Interest rate pressure continues building, with 10-year US Treasuries again breaching the 3% at the time of this writing. That move is putting pressure on sectors perceived as vulnerable to a higher interest rate environment, such as utilities, which are falling during the day’s session.
Today’s Top Performer is the latest event we’ve used to find outstanding profits from a strong earnings season. You can learn more about how NewsQuantified makes it simple for smaller investors to profit on the news (as hedge funds have been doing for decades) in one of our upcoming learning sessions. They’re totally free, offer some core insights for getting started with news-based stock trading, and come with a virtual tour of our platform. You can sign up using the button below:
Today’s Top Performer: Diana Containerships (NASDAQ
Based in Athens, Diana Containerships owns a fleet of, yes, container ships. These vessels are leased to global shipping liners for cargo work on a time charter basis. This business model means that Diana’s fortunes are closely tied to overall demand in the shipping market: busy international shipping means rising rates for owners like
Today, Diana reported net losses of $3.9 million for Q1 2018, a marked improvement from $7.4 million losses year-over-year. Revenue from
Investors are buying the stock on heavy volume since the announcement, sending the stock up over 60% at the time of this writing, a pullback from initial gains that crested over 85%.
It’s not the first time Diana Containerships has generated Top Performing same-day results for NewsQuantified users. We also featured the stock last November, when DCIX posted a 170%+ initial