Cruising Into Two Shippers

A nice recovery across the board. Tech bulls have to be pleased to see Facebook (FB) pull away and push higher along with the recovery in Apple (AAPL) shares today. I wouldn't exactly call this a win for the bulls just yet, but given the lackluster start to the year, we may finally see some exhaustion after three straight days of selling, although we haven't seen a big push lower.

The pockets of strength are interesting to watch, though. For instance, in the shipping sector, the oil-related names are seeing a strong push as oil moves lower in price while the bulk shippers struggle. To me, the bulk shippers are better fundamentally, but I'm buying Frontline (FRO) and Nordic American Tankers (NAT) on the long side for a swing trade. I'm not buying either for the dividend, as NAT sports a strong yield; I believe buying a shipper for a yield is a mistake. Instead, I am buying these based on the charts....250 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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