Our Stock of the Week is Star Bulk Carriers (SBLK). SBLK provides tanker transportation services with a fleet of 72 dry bulk ships. It ships iron ore, coal, grain and a variety of other commodities.

With the China War now on hold there should be increased demand for American agriculture products which should help to boost dry bulk shipping rates.

SBLK is estimated to earn $1.26 in 2018 and grow that 56% to $1.96 in 2019. It recently added 15 new ships.  In April, Stifel upgrade the stock to buy with a target of $15.

Technically the stock broke out to a new high last week and pulled back to the breakout point around $13. We are looking for renewed momentum on the China news over $13.50.  As always we would not chase the stock on the open but would look for strong volume and a strong close to signal that momentum is building.

This post is for educational purposes only! This is not advice or a recommendation. We do not give investment advice. Do not act on this post. Do not buy, sell or trade the stocks mentioned herein. We WILL actively trade this stock differently than discussed herein. We will sell into strength, and will buy or sell at any time for any reason. We will actively trade into any unusual activity. At the time of this post, principals, employees and affiliates of Shark Investing, Inc. and/or principals, employees and affiliates of Shark Asset Management, Inc. ("SAMI"), directly or indirectly, controlled investment and/or trading accounts containing  no positions in SBLK . To accommodate the objectives of these investing and/or trading accounts, the trading in these shares will be contrary to and/or inconsistent with the information contained in this posting.

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