[youtube=http://www.youtube.com/watch?v=BARLfUmyBJA]
The Reformed Broker, AKA Captain Dry Bulk, here with today’s Market Recap…
Quiet day on The Street today overall, but the China-related stuff was on fire. Aluminum, Building Materials and Steel names were all up nicely as of mid-day, but the show-stopper was the shipping sector in light of the DryShips (DRYS) earnings beat.
Here’s the 1pm look:
Industry Top Performers |
Intraday Price Performance | % Change | Market Cap |
DryShips Inc. [DRYS] | +18.33% | $1.1 B |
OVERSEAS SHIPHDLG [OSG] | +16.96% | $771.1 M |
TBS International Limited [TBSI] | +16.52% | $237.0 M |
SAFE BULKERS, INC [SB] | +16.20% | $232.2 M |
FRONTLINE LTD [FRO] | +15.50% | $1.6 B |
That schmuck Allen Stanford (Caribbean Ponzi) tried to surrender to US Marshals, but as they do not have a warrant out for his arrest, they told him to bounce. This guy’s unreal!
I want to take a moment to thank everyone for their terrific feedback this week on my Who’s Who of Financial Bloggers post. I know I missed a handful of great bloggers, but all will be corrected in the upcoming revised edition.
I’ve left you with Come Sail Away by Styx in light of today’s nautical-themed recap. Styx is interesting as a band in that their best song (clearly this one) is also probably the stupidest thing they’ve ever written/performed. It’s about, like, angels becoming aliens, there are starships somehow involved with sailing…I don’t know, it’s dumb but fantastic.
Thanks for reading this week, have a great weekend!
Full Disclosure: I have no positions in any of the stocks mentioned.
Stix/REO Speedwagon are coming around this summer, you KNOW you want in!
Stix/REO Speedwagon are coming around this summer, you KNOW you want in!
Stix/REO Speedwagon are coming around this summer, you KNOW you want in!
thats some lineup…
lol
thats some lineup…
lol
thats some lineup…
lol
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