Whether you see them or not, industrials businesses play a crucial part in our daily activities. Still, their generally high capital requirements expose them to the ups and downs of economic cycles, and the market seems to be baking in a prolonged downturn
as the industry has shed 13.5% over the past six months. This drawdown was worse than the S&P 500’s 7.5% fall.
Scorpio Tankers’s stock price has taken a beating over the past six months, shedding 43.5% of its value and falling to $34.66 per share. This was partly due to its softer quarterly results and may have investors wondering how to approach the situation.
The stocks in this article have caught Wall Street’s attention in a big way, with price targets implying returns above 20%.
But investors should take these forecasts with a grain of salt because analysts typically say nice things about companies so their firms can win business in other product lines like M&A advisory.
Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let’s have a look at Genco (NYSE:GNK) and its peers.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q4. Today, we are looking at marine transportation stocks, starting with Scorpio Tankers (NYSE:STNG).
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how marine transportation stocks fared in Q4, starting with Pangaea (NASDAQ:PANL).
The $10-50 price range often includes mid-sized businesses with proven track records and plenty of growth runway ahead.
They also usually carry less risk than penny stocks, though they’re not immune to volatility as many lack the scale advantages of their larger peers.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q4. Today, we are looking at marine transportation stocks, starting with Kirby (NYSE:KEX).
Industrials businesses quietly power the physical things we depend on, from cars and homes to e-commerce infrastructure. But they are at the whim of volatile macroeconomic factors that influence capital spending (like interest rates), and the market seems convinced that demand will slow.
Due to this bearish outlook, the industry has tumbled by 1.7% over the past six months. This drop was disappointing since the S&P 500 climbed 5.1%.
Let’s dig into the relative performance of Scorpio Tankers (NYSE:STNG) and its peers as we unravel the now-completed Q3 marine transportation earnings season.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Matson (NYSE:MATX) and its peers.
Looking back on marine transportation stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Kirby (NYSE:KEX) and its peers.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at marine transportation stocks, starting with Pangaea (NASDAQ:PANL).
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Norfolk Southern Corporation (NYSE:NSC) and the rest of the transportation and logistics stocks fared in Q3.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Union Pacific (NYSE:UNP) and its peers.
Scorpio Tankers has gotten torched over the last six months - since May 2024, its stock price has dropped 36.2% to $51.81 per share. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Genco (NYSE:GNK) and its peers.
