Baltic Dry Index

CNBC Mad Money host Jim Cramer Monday commented on economic growth and inflation's trajectory. What Happened: Charles Schwab Chief Investment Strategist Liz Ann Sonders shared a chart of commodity prices on Twitter and commented that they are rebounding with nearly 75% having positive monthly...

Consumers had to rethink the way they shopped as a result of COVID-19 lockdowns and the resulting social isolation. Many reconfigured their priorities as well as spent more time online, including shopping, than ever before. Retailers worldwide were forced to restrict the...

The Baltic Dry Index (BDI) rose to fame in the mid-2000s as a leading indicator of the global economy. If the BDI went up, industrial production was set to increase; if it went down, vice versa. The BDI lost its luster as a macro bellwether during the decade after the financial crisis, as the...

Safe Bulkers, Inc. (NYSE: SB) shares have leaked 15 percent since early June, and investors should buy the dip, according to Seaport Global.   The Analyst Seaport Global's Magnus Fyhr upgraded Safe Bulkers from Neutral to Buy with a price target lifted from $3.50 to $5. The...

Dry shipping stocks TOP SHIPS Inc (NASDAQ: TOPS), Euroseas Ltd. (NASDAQ: ESEA) and DryShips Inc. (NASDAQ: DRYS) are all trading higher Thursday as the Baltic Dry Shipping Index hits its highest level in four years. What You Need To Know After bottoming in early 2016, the BDI has been steadily...

After a strong finish to 2016, the Baltic Dry Index (BDI) has had a rough start to 2017. So far on the year, the BDI is down 23.5 percent. But what does that decline mean for DryShips Inc. (NASDAQ: DRYS) and other shipping stocks? DryShips is expected to report Q4 earnings after the market close on...

After a historic short squeeze sent shares of DryShips Inc. (NASDAQ: DRYS) stock soaring from around $4 to above $100 and back again within a matter of days in November, most traders probably assumed the DryShips trading opportunity had sailed. However, recent insider buying suggests there may be...

By now, traders not living in caves and under rocks have heard about the breathtaking rally in DryShips Inc. (NASDAQ: DRYS). The once moribund shipping company has seen its shares surge at breakneck speed over the past week, at various points delivering gains of well into four digits in just a...

The incredible post-election spikes in a group of shipping stocks led by DryShips Inc. (NASDAQ: DRYS) has resulted in daily financial media discussions about the Baltic Dry Index. However, many traders that don’t trade shipping stocks may not be familiar with what exactly the Baltic Dry Index...

Shipping names are rebounding strong Thursday morning, as Diana Shipping Inc. (NYSE: DSX) is up over 4 percent, Teekay Tankers Ltd. (NYSE: TNK) added 1.75 percent, Frontline Ltd. (NYSE: FRO) is up about 2.75 percent and Euronav NV (NYSE: EURN) is up over 3.35 percent. However, the broadly...

As if its more than 40-percent decline over the past year does not confirm as much, The Guggenheim Shipping ETF (NYSE: SEA) has, pun fully intended, hit stormy seas. SEA's slide is not surprising. Waning emerging markets commodities demand has pressured the rates SEA's constituents can...

Lower oil prices and increased freight demand have triggered an uptrend for global shipping stocks over the past few days. Frontline Ltd. (NYSE: FRO) is one of the big winners, and is up 65 percent since last Wednesday. Although shares of the shipping company fell about 20 percent on Tuesday...

It is no secret the shipping industry was hit hard by the financial meltdown a few years ago. All but seven of the big 30 shipping companies lost money in 2012. That said, it may be worthwhile to look at the companies that came out the other side turning a profit once again. The Baltic Dry...

There has been a lot of talk over the last month about whether or not we're heading into a market correction, or even the beginning of a bear market. A trend that has supported the bearish side of these arguments has been weakness in the Baltic Dry Index over the last month, which fell once again...