*Nordea markets raises Awilco LNG ASA to strong buy. *Nordea markets cuts Diana Shipping to hold. *Nordea markets raises Golden Ocean Group Ltd to hold.
2012 has kicked off in the green; and it appears green is a theme that strategic investor Dennis Gartman likes a lot.
Noted investor Dennis Gartman thinks investors should be ready to jump into shipping stocks.
This one-time gauge of global economic activity has outlived its usefulness, investor Dennis Gartman said Wednesday.
The carrier of commodities such as coal and iron ore plunged 11 percent on record volume of more than 12 million shares. Option activity surged to 10,804 contracts versus the 1,003 daily average, as investors piled into puts that positioned for more downside.
A long position in Diana Shipping looked like a hot trade but all it did was burn Brian Kelly.
Cramer makes the call on viewers' favorite stocks.
Cramer makes the call on viewers' favorite stocks.
Stocks struggled to end in positive territory but ended down as sovereign debt concerns in the euro zone kept a check on gains throughout the session. News that the Obama administration will work with Republicans on the tax dispute gave a brief lift to stocks. BofA and Procter & Gamble fell.