Why Castor Maritime and Seanergy Stocks Popped Monday

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Why Castor Maritime and Seanergy Stocks Popped Monday

Motley Fool2021-09-14

Dry bulk shipping rates took a turn for the better. What happened Following in the wake of fellowdry bulk shippingstocksDiana Shipping(NYSE:DSX)last week andSafe Bulkers(NYSE:SB)Monday morning,...

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jhno774
·2021-09-14
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  LiKe
  2021-09-14
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{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1143722208?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-09-14 09:57","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1143722208","market":"us","top_or_hot":-1,"title":"Why Castor Maritime and Seanergy Stocks Popped Monday","media":"Motley Fool","content":"<div>\n<p>Dry bulk shipping rates took a turn for the better.\n\nWhat happened\nFollowing in the wake of fellowdry bulk shippingstocksDiana Shipping(NYSE:DSX)last week andSafe Bulkers(NYSE:SB)Monday morning,...</p>\n\n<a href=\"https://www.fool.com/investing/2021/09/13/castor-maritime-and-seanergy-stocks-popped-today/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article\">Source Link</a>\n\n</div>\n","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Castor Maritime and Seanergy Stocks Popped Monday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Castor Maritime and Seanergy Stocks Popped Monday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-14 09:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/09/13/castor-maritime-and-seanergy-stocks-popped-today/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Dry bulk shipping rates took a turn for the better.\n\nWhat happened\nFollowing in the wake of fellowdry bulk shippingstocksDiana Shipping(NYSE:DSX)last week andSafe Bulkers(NYSE:SB)Monday morning,...</p>\n\n<a href=\"https://www.fool.com/investing/2021/09/13/castor-maritime-and-seanergy-stocks-popped-today/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CTRM","symbol_name":"Castor Maritime, Inc.","start_time":0,"source_url":"https://www.fool.com/investing/2021/09/13/castor-maritime-and-seanergy-stocks-popped-today/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article","article_id":"1143722208","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1143722208","pubTimestamp":1631584646,"sourceInfo":null,"weMediaInfo":null,"summary":"Dry bulk shipping rates took a turn for the better.\n\nWhat happened\nFollowing in the wake of fellowdr","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"CTRM":"Castor Maritime, Inc.","SHIP":"Seanergy Maritime Holdings Corp"},"translate_title":"为什么Castor Maritime和Seanergy的股票周一飙升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CTRM":0.9,"SHIP":0.9},"content_text":"Dry bulk shipping rates took a turn for the better.\n\nWhat happened\nFollowing in the wake of fellowdry bulk shippingstocksDiana Shipping(NYSE:DSX)last week andSafe Bulkers(NYSE:SB)Monday morning,Seanergy Maritime Holdings(NASDAQ:SHIP)andCastor Maritime(NASDAQ:CTRM)surged ahead to close the trading session up 12% and 13%.\nBy now, that shouldn't be surprising.\nSo what\nTwo big catalysts lifted dry bulk stocks higher Monday --first Safe Bulkers, and then Seanergy and Castor. For one thing, a fortuitously timed reversal in shipping rates is now reflected on the Baltic Exchange Dry Index, which leaped 6.8% late last week, suggesting that the downturn in pricing that had been forming earlier in the month will not stick.\nFor another -- and perhaps taking a cue from the first catalyst -- investment bank H.C. Wainwright waded into the dry shipping waters Monday to deliver a series of buy recommendations for nearly every stock in the industry. Diana and Safe Bulkers both got buy ratings, for example, as didGenco Shipping(NYSE:GNK),Eagle Bulk(NASDAQ:EGLE), and Seanergy, too. Castor, though, did not.\nNow what\nAs Wainwright explained in a note covered byTheFly.com:\n\"Dry bulk equities [are] up more than 100% in the past year and spot rates [are] at their highest level in over a decade.\" This is appropriate, however -- and indeed, dry bulk stocks could go even higher -- because \"moderating demand\" for dry bulk cargo is being offset by \"limited fleet growth\" of cargo ships to carry it. This keeps demand and supply in balance, preserving profit margins.\nSpeaking of which, Castor Maritime is currently raking in an astounding 21.5%operating marginon its booming revenues, and Seanergy isn't far behind with an operating profit margin of 19.2%. So long as those margins remain intact, Wainwright could be right about the stocks continuing to surge.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":886684113,"gmtCreate":1631586090332,"gmtModify":1676530582734,"author":{"id":"4091766705369530","authorId":"4091766705369530","name":"jhno774","avatar":"https://static.tigerbbs.com/1327aebace4dabb0bb59c972fe1f3a85","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/886684113","repostId":1143722208,"repostType":4,"repost":{"id":"1143722208","pubTimestamp":1631584646,"share":"https://www.laohu8.com/m/news/1143722208?lang=&edition=full","pubTime":"2021-09-14 09:57","market":"us","language":"en","title":"Why Castor Maritime and Seanergy Stocks Popped Monday","url":"https://stock-news.laohu8.com/highlight/detail?id=1143722208","media":"Motley Fool","summary":"Dry bulk shipping rates took a turn for the better.\n\nWhat happened\nFollowing in the wake of fellowdr","content":"<blockquote>\n <b>Dry bulk shipping rates took a turn for the better.</b>\n</blockquote>\n<p><b>What happened</b></p>\n<p>Following in the wake of fellowdry bulk shippingstocks<b><a href=\"https://laohu8.com/S/DSX\">Diana Shipping</a></b>(NYSE:DSX)last week and<b><a href=\"https://laohu8.com/S/SB\">Safe Bulkers</a></b>(NYSE:SB)Monday morning,<b><a href=\"https://laohu8.com/S/SHIP\">Seanergy Maritime</a> Holdings</b>(NASDAQ:SHIP)and<b>Castor Maritime</b>(NASDAQ:CTRM)surged ahead to close the trading session up 12% and 13%.</p>\n<p>By now, that shouldn't be surprising.</p>\n<p><i>So what</i></p>\n<p><a href=\"https://laohu8.com/S/TWOA.U\">Two</a> big catalysts lifted dry bulk stocks higher Monday --first Safe Bulkers, and then Seanergy and Castor. For <a href=\"https://laohu8.com/S/AONE.U\">one</a> thing, a fortuitously timed reversal in shipping rates is now reflected on the Baltic Exchange Dry Index, which leaped 6.8% late last week, suggesting that the downturn in pricing that had been forming earlier in the month will not stick.</p>\n<p>For another -- and perhaps taking a cue from the first catalyst -- investment bank H.C. Wainwright waded into the dry shipping waters Monday to deliver a series of buy recommendations for nearly every stock in the industry. Diana and Safe Bulkers both got buy ratings, for example, as did<b>Genco Shipping</b>(NYSE:GNK),<b><a href=\"https://laohu8.com/S/EGBN\">Eagle</a> Bulk</b>(NASDAQ:EGLE), and Seanergy, too. Castor, though, did not.</p>\n<p><b>Now what</b></p>\n<p>As Wainwright explained in a note covered byTheFly.com:</p>\n<p>\"Dry bulk equities [are] up more than 100% in the past year and spot rates [are] at their highest level in over a decade.\" This is appropriate, however -- and indeed, dry bulk stocks could go even higher -- because \"moderating demand\" for dry bulk cargo is being offset by \"limited fleet growth\" of cargo ships to carry it. This keeps demand and supply in balance, preserving profit margins.</p>\n<p>Speaking of which, Castor Maritime is currently raking in an astounding 21.5%operating marginon its booming revenues, and Seanergy isn't far behind with an operating profit margin of 19.2%. So long as those margins remain intact, Wainwright could be right about the stocks continuing to surge.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Castor Maritime and Seanergy Stocks Popped Monday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Castor Maritime and Seanergy Stocks Popped Monday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-14 09:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/09/13/castor-maritime-and-seanergy-stocks-popped-today/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Dry bulk shipping rates took a turn for the better.\n\nWhat happened\nFollowing in the wake of fellowdry bulk shippingstocksDiana Shipping(NYSE:DSX)last week andSafe Bulkers(NYSE:SB)Monday morning,...</p>\n\n<a href=\"https://www.fool.com/investing/2021/09/13/castor-maritime-and-seanergy-stocks-popped-today/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CTRM":"Castor Maritime, Inc.","SHIP":"Seanergy Maritime Holdings Corp"},"source_url":"https://www.fool.com/investing/2021/09/13/castor-maritime-and-seanergy-stocks-popped-today/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143722208","content_text":"Dry bulk shipping rates took a turn for the better.\n\nWhat happened\nFollowing in the wake of fellowdry bulk shippingstocksDiana Shipping(NYSE:DSX)last week andSafe Bulkers(NYSE:SB)Monday morning,Seanergy Maritime Holdings(NASDAQ:SHIP)andCastor Maritime(NASDAQ:CTRM)surged ahead to close the trading session up 12% and 13%.\nBy now, that shouldn't be surprising.\nSo what\nTwo big catalysts lifted dry bulk stocks higher Monday --first Safe Bulkers, and then Seanergy and Castor. For one thing, a fortuitously timed reversal in shipping rates is now reflected on the Baltic Exchange Dry Index, which leaped 6.8% late last week, suggesting that the downturn in pricing that had been forming earlier in the month will not stick.\nFor another -- and perhaps taking a cue from the first catalyst -- investment bank H.C. Wainwright waded into the dry shipping waters Monday to deliver a series of buy recommendations for nearly every stock in the industry. Diana and Safe Bulkers both got buy ratings, for example, as didGenco Shipping(NYSE:GNK),Eagle Bulk(NASDAQ:EGLE), and Seanergy, too. Castor, though, did not.\nNow what\nAs Wainwright explained in a note covered byTheFly.com:\n\"Dry bulk equities [are] up more than 100% in the past year and spot rates [are] at their highest level in over a decade.\" This is appropriate, however -- and indeed, dry bulk stocks could go even higher -- because \"moderating demand\" for dry bulk cargo is being offset by \"limited fleet growth\" of cargo ships to carry it. This keeps demand and supply in balance, preserving profit margins.\nSpeaking of which, Castor Maritime is currently raking in an astounding 21.5%operating marginon its booming revenues, and Seanergy isn't far behind with an operating profit margin of 19.2%. So long as those margins remain intact, Wainwright could be right about the stocks continuing to surge.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5861130,"gmtCreate":1631586440331,"gmtModify":1663233850542,"authorId":3577967326862109,"author":{"id":3577967326862109,"authorId":3577967326862109,"name":"冲冲高","avatar":"https://static.tigerbbs.com/b1bdedaa222e1b8ec019d660176bc827","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.06.26","exceedPercentage":"93.10%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":886684113,"type":1,"supId":0,"prevId":0,"content":"LiKe","text":"LiKe","html":"LiKe"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":68,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}