"Quite frankly, we remain pretty negative," Boyden said.
The health of dry bulk carriers hinges on macro-economic activity, which clearly hasn't been incredibly positive. But an injection of liquidity, loosening of Chinese reserve requirements and the fact that dry bulk stocks have lagged the larger market rally, could be enough to move some traders from the sidelines into the action.
You might earn a surprise gift by Christmas, should you play. But poor luck could result in a lump of thermal coal, instead.
Wednesday's biggest dry bulk gainers: Excel Maritime Carriers (EXM) at $1.89, up 14 cents, or 8%; DryShips (DRYS) at $2.25, up 11 cents, or 5.1%; Navios Maritime (NM) at $3.48, up 11 cents, or 3.3%; and Genco Shipping & Trading (GNK) at $7.58, up 21 cents, or 2.9%.-- Written by Joe Deaux in New York. >Contact by Email. Follow Joe Deaux on Twitter. Subscribe on Facebook.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV