Inflation came in higher than expected at 7.5% but the reason market tumbled was hawkish noises from one of the Fed officials
Why I will buy Star Bulk Carriers SBLK on declines?
When a stock makes a new high on fundamental developments and belongs to a bullish theme, then it becomes a strong buy on the decline.
Shipping has been a strong sector. My two fav – ZIM and DAC have done well, and Star Bulk SBLK stock has now broken out to a new high above 25.
Starbulk is in the dry bulk shipping business with a fleet of 128 vessels worldwide. The company is expected to post earnings of $6.23 per share in 2021. Just imagine it was just 17 cents in 2020. The company is so undervalued that it’s available at a dividend yield of 13%+
Event Risk: Star Bulk will report its fourth-quarter results on Feb. 16.
Cyberarc Software ~ Earnings Gap up Play
I like when stocks do a Gap up on earnings. It usually leads to strong follow-through moves. I will buy at 157 hoping for follow-through move.
Trade Sheet:
Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purposes. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers
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