Three Directors at Ardmore Shipping Corp sold 16,198 shares at between 9.904USD and 9.962USD. The significance rating of the trade was 57/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors ove...
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...
New All-Time Highs Validates Our Bullish Outlook We continue to view the latest pullback to the 100-day MA on the S&P 500 as healthy and normal within the ongoing bull market, and our bullish outlook (since early-November 2023) remains intact. Throughout the last week of April, we discussed the possibility that further downside was limited (4/23/24 Compass) and the mounting evidence that led us to believe the lows were likely in for this pullback (4/30/24 Compass). Market dynamics remain health...
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...
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 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...
The product tanker market started on a weaker note in 2022, but firmed up with Europe’s attempt to reduce dependence on Russian energy supply (including refined petroleum products) against the backdrop of increased tensions between Russia and the West. Vessel earnings of product tankers on key trading routes across vessel classes were on the rise from March with product tanker earnings substantially higher than their break-even rates. The impact of strong freight rates was reflected in the rally...
The product tanker market started on a weaker note in 2022, but firmed up due to Europe’s attempt to reduce dependence on Russian energy supply (including refined petroleum products) against the backdrop of increased tensions between Russia and the West. Vessel earnings of product tankers on key trading routes across vessel classes were on the rise from March to levels not seen in the past two years. The impact of strong freight rates seen in the rally of stocks of product tanker companies over ...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Earnings remain in the red, but losses decline Ardmore Shipping Corporation (ASC) recently announced its 1Q21 results. The company’s operating revenue fell by 30.1% YoY to USD 45.6mn in 1Q21 from USD 65.2mn in 1Q20. ASC’s TCE revenue dropped by 39.4% to USD 25.2mn from USD 41.5mn in the same quarter a year ago as average TCE rates for the company’s fleet declined by 41% to USD 11,349pd during the quarter from USD 19,390pd in 1Q20. The operating expenses of the company remained stable at around ...
Upgrading Transports & Manufacturing To Overweight The S&P 500, Nasdaq 100 (QQQ), and Russell 2000 (IWM) all managed to break above their respective resistance levels which we highlighted in last week's Compass, and both the S&P 500 and Russell 2000 closed yesterday at all-time highs. Considering these new price highs, and ongoing market dynamics which remain largely positive, we expect higher prices ahead and recommend adding exposure on pullbacks. · S&P 500, Nasdaq 100, Russell 2000....
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.
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