New Strong Sell Stocks for March 27th

07:06am, Wednesday, 27'th Mar 2024
AMKBY, ADDYY and BASFY have been added to the Zacks Rank #5 (Strong Sell) List on March 27, 2023.
Shares of the Danish shipping and logistics giant A.P. Moeller Maersk tumbled on Tuesday as the company said it chartered the ship that crashed into the Francis Scott Key Bridge in Baltimore.
"We are horrified by what has happened in Baltimore, and our thoughts are with all of those affected," Maersk said in a statement.
Shipping company Maersk said on Friday it was too early to resume sailings through the Red Sea due to a continued elevated risk level, despite an initiative by the European Union to increase safety in
Global shipping and logistic companies are staring down a number of challenges including a crisis in the Red Sea, a drought at the Panama Canal and labor negotiations on the East Coast. CNBC's Lori An
BASEL, Switzerland--(BUSINESS WIRE)--Syngenta Crop Protection, a leader in agricultural innovation, is to reduce its greenhouse gas (GHG) emissions from its logistics operations by using Maersk's ECO
There is a maxim on Wall Street that essentially says, “20% of investors who want to make money are in stocks, while the 80% who want to keep their money are in bonds.
Shipping behemoth Maersk does not expect the Red Sea crisis to subside in the near future, and is warning customers to expect ship diversions into the second half of the year.
An A.P. Moller Maersk official said Wednesday that the shipping giant expects to continue avoiding trade routes through the Red Sea into the second half of the year, a sign that ongoing tensions promp
Parash Jain, head of shipping and ports research at HSBC, says as soon as the Red Sea crisis is over, "reality will hit" and freight rates will drop "quite rapidly."
A.P. Møller - Mærsk A/S (AMKBY) Q4 2023 Earnings Call Transcript
Perhaps surprisingly given the increasingly tense situation in the Middle East and the exposed position of the Red Sea – a critical shipping route and southern approach to the Suez Canal – the sto
Maersk CEO Vincent Clerc says shipping disruption in the Red Sea has added "high uncertainty" to the company's 2024 earnings outlook.

Maersk Shares Sink Back to Reality

08:03am, Thursday, 08'th Feb 2024
Shares of the world's shipping bellwether dived in early trade after it forecast a steep drop in profit. Shipping overcapacity, not the Red Sea Houthi attacks, looks to be the trend to watch.
A.P. Moller-Maersk shares plunged on Thursday after the shipping giant halted its share buyback plan while warning that continued uncertainty in the Red Sea could worsen a slump in the global shipping
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