Small-Cap Shipping Shares Surge Thanks to DryShips

November 17, 2016

A handful of small-cap shipping shares are surging thanks to the incredible stock spike from Greek company DryShips, which soar 64 percent in pre-market trading and more than 1,300 percent over the last five trading days. Stick with Sentifi to maximize your investment on small-cap shipping shares.

sentifi top attentions november 17 2016

DryShips Inc. & Diana Containerships Inc.: DryShips creates an uptrend in small-cap shipping shares

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A handful of very small shipping stocks move thanks to DryShips. Sino-Global Shipping America shares surged more than 150 percent. Diana Containerships shares leaped 200 percent. Euroseas shares jumped 34 percent, while Eagle Bulk Shipping shares increased 2.5 percent.

LinkedIn Corp.: Microsoft offers concessions to the EU regarding its acquisition of LinkedIn

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The purpose is to convince the EU antitrust regulators to approve the $26 billion deal between the companies. The commission will give its ruling by Dec. 6, and seek feedback from rivals and customers. Then, the commission will either accept the concessions or demand more information or open a full investigation. The concessions came after Salesforce said the deal is a threat to innovation and competition.

Lowe’s Companies: Shares fall 2.94 percent after quarterly earnings miss expectations

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The company registered Q3 adjusted EPS at 88 cents, below the consensus of 96 cents. Revenue rose to $15.74 billion, but missed the consensus of $15.84 billion. The company cited slower traffic as the main reason for its quarterly performance. It is currently evaluating meaningful incremental opportunities to drive shareholder value.

Deutsche Bundesbank: Warns of an abrupt price correction in real estate prices

The warning came amid rising real estate prices. The company advised property buyers to watch out for lucrative debts, as low interest rates are a source of debt. The reason for that is when interest rates rise again, prices and valuations will go down in the market.

Tata Global Beverages: Shares jump 7 percent after Q2 net profit surges 60 percent

The jump in net profit had lower commodity costs and lower spendings on new initiatives to thank. The company also attributed the launch of products targeted the health-conscious customers as one of the key factors. It also said it will also grow its joint ventures with Tata Starbucks and NourishCo even further to capitalize on the steady growth.

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