Dry Bulk Sector On Fire as Analyst Upgrades 7 Shipping Stocks (DSX, EGLE, EXM, more)

May 19, 2009 11:03 AM EDT

An analyst at Dahlman Rose, a small research firm that specializes in the natural resources supply chain, and specifically marine transport, is moving the entire dry bulk shipping sector today. The Dahlman analyst upgraded 7 stocks in the sector today, causing dry bulk stocks which were not even upgraded to rise.

  • Diana Shipping (NYSE: DSX) from Hold to Buy. Up 5.1%
  • Eagle Bulk Shipping (Nasdaq: EGLE) from Hold to Buy. Up 7.3%
  • Genco Shipping (NYSE: GNK) from Hold to Buy. Up 7.4%
  • Paragon Shipping (Nasdaq: PRGN) from Hold to Buy. Up 10.9%
  • Safe Bulkers (NYSE: SB) from Hold to Buy. Up 11.1%
  • Star Bulk Carriers (Nasdaq: SBLK) from Hold to Buy. Up 15.5%
  • Excel Maritime (NYSE: EXM) from Sell to Hold. Up 4.7%
Elsewhere in the sector: DryShips (Nasdaq: DRYS) up 2.4%, Navios Maritime (NYSE: NM) up 6.7%, TBS International (Nasdaq: TBSI) up 9% and DHT Maritime (NYSE: DHT), which reported its Q1 results this morning, is up 4.3%.


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Momentum Movers
Trader Talk
Upgrades

Stocks Mentioned

DHT 4.16

-0.07 -1.65%
Volume: 217,472
Track DHT

DRYS 6.27

-0.05 -0.79%
Volume: 12,988,795
Track DRYS

DSX 15.94

-0.30 -1.85%
Volume: 1,022,524
Track DSX

EGLE 5.75

-0.17 -2.87%
Volume: 1,826,976
Track EGLE

EXM 7.11

-0.33 -4.44%
Volume: 1,136,915
Track EXM

GNK 24.34

-0.86 -3.41%
Volume: 1,241,215
Track GNK

NM 6.03

-0.05 -0.82%
Volume: 430,498
Track NM

PRGN 5.04

+0.00 +0.00%
Volume: 255,532
Track PRGN

SB 8.86

-0.04 -0.45%
Volume: 36,455
Track SB

SBLK 3.18

-0.07 -2.15%
Volume: 169,989
Track SBLK

TBSI 7.96

-0.13 -1.61%
Volume: 75,540
Track TBSI


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