Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>Sovereign 10-year yields are hitting multi-year highs in the US, UK, Germany, France, Japan, and India (among others). This is a positive for shipping stocks on two levels.</li>
<li>(1) Rates moving higher generally suggests robust GDP growth, and more economic activity means more need for shipping.</li>
<li>(2) Value stocks historically outperform in rising rate environments, and most of the shipping stocks highlighted today have P/Es in the 4-6X range, putting them squarely in the value camp.</li>
</ul>


Sovereign 10-year yields are hitting multi-year highs in the US, UK, Germany, France, Japan, and India (among others). This is a positive for shipping stocks on two levels.
(1) Rates moving higher generally suggests robust GDP growth, and more economic activity means more need for shipping.
(2) Value stocks historically outperform in rising rate environments, and most of the shipping stocks highlighted today have P/Es in the 4-6X range, putting them squarely in the value camp.


Shipping Stocks Set Sail; Buy DAC-US, SBLK-US, ZIM-US, GSL-US, GNK-US, GOGL-US, 316-HK,& MAERSK.B-DK

Transport Sector, China and Asia-focused Research

Charles De Trenck

Equity Bottom-Up

Pacific Basin Shipping / Equity Bottom-Up

So many ship stock charts said the same thing on breakouts last week. We couldn’t have asked for more. <a href="https://www.smartkarma.com/profiles/250" target="_blank" data-smartkarma-citation="accounts:250">John-Paul Smith</a> said so much by way of a macro view.Bulk, tankers, and even container vessel owners  all broke to or flirted with new highs last week. But, these sub-categories also tell different stories – as they should.Stocks: If we look at Bulk in general, <a href="https://www.smartkarma.com/entities/21071" target="_blank" data-smartkarma-citation="entities:21071:1">Star Bulk Carriers Corp (SBLK US)</a> and <a href="https://www.smartkarma.com/entities/929" target="_blank" data-smartkarma-citation="entities:929:1">Pacific Basin Shipping Ltd (2343 HK)</a>,  and <a href="https://www.smartkarma.com/entities/21069" target="_blank" data-smartkarma-citation="entities:21069:1">Diana Shipping Inc (DSX US)</a> tell different but related…

So many ship stock charts said the same thing on breakouts last week. We couldn’t have asked for more. John-Paul Smith said so much by way of a macro view.Bulk, tankers, and even container vessel owners  all broke to or flirted with new highs last week. But, these sub-categories also tell different stories – as they should.Stocks: If we look at Bulk in general, Star Bulk Carriers Corp (SBLK US) and Pacific Basin Shipping Ltd (2343 HK),  and Diana Shipping Inc (DSX US) tell different but related…

We’ve Got All the Breakouts We Want To Make Money in Shipping

At this point in the cycle, we could say that just about all shipping companies have sailed into the Bermuda Triangle. <a href="https://www.smartkarma.com/entities/23596" target="_blank" data-smartkarma-citation="entities:23596:1">Seaspan Corp. (SSW US)</a>, one of the last bastions of stability, has taken it on the chin in the last few trading sessions. <a href="https://www.smartkarma.com/entities/22428" target="_blank" data-smartkarma-citation="entities:22428:1">AP Moeller - Maersk A/S (MAERSKB DC)</a>, in a slightly different silo, has also had a rough week following a poor set of earnings.The following is a discussion of the drivers behind SSW's success, and a look at debates we could have as well as how to approach…

At this point in the cycle, we could say that just about all shipping companies have sailed into the Bermuda Triangle. Seaspan Corp. (SSW US), one of the last bastions of stability, has taken it on the chin in the last few trading sessions. AP Moeller - Maersk A/S (MAERSKB DC), in a slightly different silo, has also had a rough week following a poor set of earnings.The following is a discussion of the drivers behind SSW's success, and a look at debates we could have as well as how to approach…

Shipping Royalty Tanks (Reasons Behind Seaspan's Correction)

In the real physical world, not the sometimes Potemkin land of equities, industries like container shipping continue to struggle. <a href="https://www.smartkarma.com/entities/22428" target="_blank" data-smartkarma-citation="entities:22428:1">AP Moeller - Maersk A/S (MAERSKB DC)</a>  and <a href="https://www.smartkarma.com/entities/801" target="_blank" data-smartkarma-citation="entities:801:1">Orient Overseas Intl Ltd (316 HK)</a>  are certainly equity players that survive and fare better than most, even as they face their own challenges.Maersk shares are basically flat over 12 months after digesting lower earnings and a further breakout of divisions. OOIL shares are down some 20%, following a short-lived 25+% trading…

In the real physical world, not the sometimes Potemkin land of equities, industries like container shipping continue to struggle. AP Moeller - Maersk A/S (MAERSKB DC)  and Orient Overseas Intl Ltd (316 HK)  are certainly equity players that survive and fare better than most, even as they face their own challenges.Maersk shares are basically flat over 12 months after digesting lower earnings and a further breakout of divisions. OOIL shares are down some 20%, following a short-lived 25+% trading…

Hanjin's Long Tail, and Real World Fallout … and a Window from Triton Container Presentation Deck

Greece

Danaos Corporation owns a fleet of containerships.  The Company charters these vessels to liner companies.

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Danaos Corporation (DAC US)

Shipping Stocks Set Sail; Buy DAC-US, SBLK-US, ZIM-US, GSL-US, GNK-US, GOGL-US, 316-HK,& MAERSK.B-DK

Dry-bulk & energy shipping stocks are breaking out of bases, giving us a high degree of confidence that price and RS appreciation is likely to...

Vermilion Research

We’ve Got All the Breakouts We Want To Make Money in Shipping

So many ship stock charts said the same thing on breakouts last week. We couldn’t have asked for more. John-Paul Smith said so much by way of a...

Charles De Trenck

Shipping Royalty Tanks (Reasons Behind Seaspan's Correction)

At this point in the cycle, we could say that just about all shipping companies have sailed into the Bermuda Triangle. Seaspan Corp. (SSW US), one...

Charles De Trenck

Hanjin's Long Tail, and Real World Fallout … and a Window from Triton Container Presentation Deck

In the real physical world, not the sometimes Potemkin land of equities, industries like container shipping continue to struggle. AP Moeller -...

Charles De Trenck

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