Moody's Ratings (Moody's) has today upgraded the long term corporate family rating (CFR) of Danaos Corporation (Danaos, the company) to Ba1 from Ba2 and its probability of default rating (PDR) to Ba1-PD from Ba2-PD. Concurrently, the senior unsecured global notes rating has been upgraded to Ba2 from...
Mixed Signals, Reasons for Caution The S&P 500 uptrend remains intact, and the same can be said for the QQQ's. Despite a positive view of these two metrics, the aspect of of failed U.S. dollar breakdown coupled with the reversal. of the 10-year yields higher does give us pause. The S&P 500 breadth is showing signs of breadth divergence. 1.) The U.S. dollar has staged a false breakdown and is now on the cusp of a reversal. A decisive close through last Friday's close of 104.89 could yet negate t...
Major Risk-On Developments; Bullish Outlook Intact Over the past two weeks we have discussed the possibility that further downside was limited (4/23/24 Compass) and the mounting evidence that suggests the lows may be in for this pullback (4/30/24 Compass). Major risk-on developments for the broad equity market have continued to roll in over the past week, which we discuss below. As a result, we continue to believe the lows are in for this pullback, and we see the pullback to the 100-day MA on t...
Are the Lows "In" for this Pullback? While we are not yet out of the woods, we continue to see evidence that suggests the lows may be "in" for this pullback. Last week (4/23/24 Compass) we discussed the possibility that further downside was limited on the S&P 500 due to a multitude of reasons (SPX had simply filled 2/22/24 gap support that we had been discussing since late-February, Russell 2000 and Equal-Weighted S&P 500 were holding above key supports, short-term oversold conditions, subdued ...
Danaos Corporation Announces Date for the Release of Fourth Quarter 2023 Results, Conference Call and Webcast ATHENS, Greece, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Danaos Corporation (NYSE: DAC), one of the world’s largest independent owners of containerships, announced today that it will release its results for the fourth quarter ended December 31, 2023, after the close of the market in New York on Tuesday, February 13, 2024. The Company’s management team will host a conference call to discuss the results on Wednesday, February 14, 2023 at 9:00 A.M. ET. Conference Call Details:Participant...
Moody's Investors Service ("Moody's") has today upgraded the corporate family rating (CFR) of Danaos Corporation (Danaos, the company) to Ba2 from Ba3 and its probability of default rating (PDR) to Ba2-PD from Ba3-PD. Concurrently, the senior unsecured global notes rating has changed to Ba3 from B1....
Moody's Investors Service ("Moody's") has today changed the outlook on the ratings of Danaos Corporation ("Danaos" or "the company") to positive from stable. Concurrently, Moody's affirmed its Ba3 corporate family rating ("CFR"), its Ba3-PD probability of default rating ("PDR") and its B1 senior uns...
In last week's Compass (Feb. 22) we discussed our belief that a pullback has begun, and signs continue to point to more downside ahead on the broad market indexes with three failed attempts to reclaim $190 on the Russell 2000 (IWM) and $297 on the Nasdaq 100 (QQQ) over the last four trading days. These remain important lines in the sand moving forward. S&P 500. Last week we noted we were watching 3940-3990 for signs of support on the S&P 500, citing a significant confluence of support there, in...
Moody's Investors Service ("Moody's") has today upgraded the corporate family rating (CFR) of Danaos Corporation (Danaos or the company) to Ba3 from B1 and its probability of default rating (PDR) to Ba3-PD from B1-PD. Concurrently, the senior unsecured rating was upgraded to B1 from B3. The outlook ...
Shipping Stocks Set Sail -- Buy Below we lay out what we believe is a compelling case to add exposure to dry-bulk and energy shipping stocks at current levels. Sovereign 10-Year Yields Rising Globally. Sovereign 10-year yields are hitting multi-year highs in the US, UK, Germany, France, Japan, and India (among others). This is a positive for shipping stocks on two levels; (1) rates moving higher generally suggests robust GDP growth, and more economic activity means more need for shipping, and ...
In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.
In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Danaos Corporation. Global Credit Research- 16 Dec 2021. Stockholm, December 16, 2021-- Moody's Investors Service has completed a periodic review of the ratings of Danaos Corporation and other ratings that are associated with the same analytical unit.
Rating Action: Moody's upgrades Danaos' B1; outlook positive. Global Credit Research- 11 Oct 2021. Stockholm, October 11, 2021-- Moody's Investors Service has today upgraded the corporate family rating of Danaos Corporation to B1 from B2 and its probability of default rating to B1-PD from B2-PD.
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