Daily Dividend Report: CPLP, TGP, TOO, BWP, NS Monday, October 25, 11:48 AM ET, by Market News Video Staff This morning, the Capital Product Partners LP (CPLP) declared its quarterly distribution of 23.25 cents ...
DRYS Beats Expectations as Drilling Results Improve Thursday, November 18, 9:25 AM ET, by Market News Video Staff Driller and drybulk shipper DryShips (DRYS) posted earnings late yesterday of $49.3 million, or $0.18 ...
FBR Adds Overseas Shipholding to Top Picks Wednesday, November 24, 2:31 PM ET, by Market News Video Staff FBR Capital (FBCM) added Overseas Shipholding (OSG) to its Top Picks list today. The firm ...
By Market News Video Staff, Wednesday, November 24, 2:31 PM ET
FBR Capital (FBCM) added Overseas Shipholding (NYSE:OSG) to its Top Picks list today. The firm said the stock is its top pick in the shipping sector due to its strong defensive posture, amid downward pressure on rates. FBR maintained its outperform rating on the stock, with a $58 price target.
At 4.3% of the fund, Overseas Shipping is a top holding of the Guggenheim Shipping ETF (AMEX:SEA). Teekay Shipping (NYSE:TK) is the top stock in the portfolio, trading 4.73% today, followed by Ship Finance International (NYSE:SFL) at 4.45%.
Teekay LNG Partners (NYSE:TGP) at 4.11% of the fund, and DryShips (NASDAQ:DRYS) at 3.05%.
The ETF Channel Flexible Growth Investment Portfolio is designed to seek growth for investors — anywhere and everywhere. The key to the program is our portfolio strategy allows us complete flexibility in terms of asset allocation as there are no predetermined guidelines as to the level of stocks, bonds, cash, regions, countries, sectors, commodities, or even asset classes in the portfolio! In short, this is a completely flexible portfolio designed to follow the performance trail wherever it leads us.
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