Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Navios Maritime Holdings (NYSE:NM) jumped 10% briefly this morning after being upgraded by an analyst.
So what: Analysts at Stifel Nicolaus upgraded the stock to a buy and raised their price target to $14. Shares are currently trading for about $11.30 so that indicates about a 24% upside from the current price.
Now what: The reason given for the more bullish rating is improved demand for Capesize vessels. It's true that rates are up in recent months but there's not a full-fledged recovery from oversupply and weak demand after the recession. This is still early in the recovery and prices are volatile so investors need to know that this is a high-risk bet in Navios Maritime today.
It may be time to look at lower risk dividend stocks
One of the dirty secrets that few finance professionals will openly admit is the fact that dividend stocks as a group handily outperform their non-dividend paying brethren. The reasons for this are too numerous to list here, but you can rest assured that it's true. However, knowing this is only half the battle. The other half is identifying which dividend stocks in particular are the best. With this in mind, our top analysts put together a free list of nine high-yielding stocks that should be in every income investor's portfolio. To learn the identity of these stocks instantly and for free, all you have to do is click here now.
Travis Hoium has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.