Why These 4 Dry Bulk Shippers Soared Today

Finally, markets had a good day today, with all three major indices up over 1% and the tech-heavy Nasdaq advancing 2.46%. In particular, four dry-bulk shippers were up big on the day.

Company

Percent Change

Navios Maritime Partners (NYSE: NMM  ) 8.97%
Diana Shipping (NYSE: DSX  ) 8.33%
DryShips (Nasdaq: DRYS  ) 5.14%
Navios Maritime Holdings (NYSE: NM  ) 5.00%

The main reason for these dry bulk shippers’ advance was positive news out of China, in which Premier Wen Jiabao suggested that the government will focus more on a more pro-growth agenda. Check out the following video for more on these dry bulkers’ big day today.

While these dry bulk shipping companies have been beaten down and may look cheap to some, we think there are more compelling, less risky stocks out there. Our analysts have uncovered one such company in our new report, "The Motley Fool's Top Stock for 2012." It highlights a company that is revolutionizing commerce in Latin America. You can get instant access to the name of this company by clicking here -- it's absolutely free.

Brendan Byrnes owns no shares of any company mentioned above. The Motley Fool has a disclosure policy. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.


Read/Post Comments (0) | Recommend This Article (5)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 1891478, ~/Articles/ArticleHandler.aspx, 8/28/2014 5:29:33 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement