DryBulkers Shrug Off China Data, Look to Extend Streak
Tweet
Share
E-mailGet Alerts DRYS Hot Sheet
Join SI Premium – FREE
Dry bulkers are up again on the session as the Baltic dry index continues its march higher.
According to the latest market data, the Baltic dry index rose 0.8 percent to 1,129 today, its fourth consecutive day of positive gains.
Recent concerns have hit the segment after China reported an unexpected drop in exports earlier this week. On Wednesday, China said overseas shipments fell 3.1 percent in June, with estimates looking for a gain of 3.7 percent.
Moving on the session today include names like DryShips (Nasdaq: DRYS), Navios (NYSE: NM), and Capital Product Partners (Nasdaq: CPLP) up today.
According to the latest market data, the Baltic dry index rose 0.8 percent to 1,129 today, its fourth consecutive day of positive gains.
Recent concerns have hit the segment after China reported an unexpected drop in exports earlier this week. On Wednesday, China said overseas shipments fell 3.1 percent in June, with estimates looking for a gain of 3.7 percent.
Moving on the session today include names like DryShips (Nasdaq: DRYS), Navios (NYSE: NM), and Capital Product Partners (Nasdaq: CPLP) up today.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Coca-Cola expected to report Q2 EPS beat on pricing strength
- Barclays sees consumer goods giant's Q2 growth accelerating on India, Brazil strength
- Barclays sees a buying opportunity in this biotech stock
Create E-mail Alert Related Categories
Insiders' BlogSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
