CNBC Stock Blog
- How Stock Investors Can Play Holiday Travel
- 3 Growth Opportunities in Tech: Analyst
- Prep Your Portfolio for Next Week: Stock Pickers
- Global Growth Good for Portfolio: Stock Picker
- Expect Tech Sector to Rise in Q4: Strategist
- Expect a 5-10% Market Pullback: Stock Picker
- 3 Stock Picks for This Volatile Environment: Portfolio Manager
- 3 Financial Stocks May Lead Final Rally: Market Researcher
- Gold's 'Money' Value is $4,000 to $11,000: Market Strategist
- Commercial Real Estate Bottom Near: Market Pro
- U.S. Stocks Slip, Dollar Rises
- How Stock Investors Can Play Holiday Travel
- Time Lapse World Series Is A Great Play
- Hirschhorn: Greed...or Fear
- My Top 10 Tech Toys for the Holidays
- iPhone a Better Gaming Platform Than Android?
- May Day For Dendreon
- 100% Mortgage Financing From USDA
- Holiday Tipping: Who And How Much
- This Season: Everybody's A Scrooge
- Warren Buffett, Bill Gates 'Walk & Talk' At Columbia
- Senate Democrats at Odds Over Health Care Bill
- What if a Recovery Is All in Your Head?
- Thanksgiving Week Stuffed With Economic News
- A Taxpayer's Must Read: The Fed Waltz With AIG
- Newspaper Circulation May Be Worse Than it Looks
- 10 Tips to Get Out of Debt
- Investors to Goldman: Be Less Greedy
RSS FEED
Text Size 
CNBC News Associate
The Baltic Dry Index, a leading economic indicator used by market insiders to gauge gloobal demand for goods, is up 300 percent, quadrupling in value. Does it have more room to run and what does it say about the overall economy? Doug Mavrinac, head of maritime research at Jeffries, shared his insights.
“The index is a relatively good predictor and indicator of where the economy is,” Mavrinac told CNBC.
“Based on where rates are today, it’s not oversupplied and the increase that we’ve seen today is primarily due to the Chinese importing record levels of iron ore and of coal. So it’s fairly indicative of what’s going on globally.”
Mavrinac said the dry bulk shipping stocks still have more room to run.
Bookmark CNBC's Data Pages:
“It’s important to make the distinction between the container shipping companies and the dry-bulk shipping companies,” he said.
“The container shipping industry is one where it is plagued by overcapacity…But in the dry-bulk shipping market, it’s a much different market.”
Recommendations:
Mavrinac is “overweight” the Dry Bulk Shipping sector and has a “buy” rating on Diana Shipping [DSX
Loading...
()
], Genco Shipping [GNK
Loading...
()
], and a “hold” rating on Dryships [DRYS
Loading...
()
].
More Market Intelligence:
- 5-Star Stock Picker: Where to Get ‘Absolute Return’
- Charts: Stocks to Push Higher after Dip; Dollar Lower
- Art Cashin: Dollar Carry Trade Could Cause Big Pullback
______________________________
CNBC Slideshows:
______________________________
______________________________
Disclosures:
Mavrinac does not own any shares of DSX.
Within the past 12 months, Jefferies and/or its affiliates received non-investment banking, securities relates compensation for client services it provided to GNK.
Jeffries makes a market in DRYS.
______________________________
Data is a real-time snapshot *Data is delayed at least 15 minutes