Print the page
Increase font size
BUY ALERT: The Soaring Shipping Stock that You’ve Never Heard Of…

Posted September 16, 2021

Jonathan Rodriguez

By Jonathan Rodriguez

BUY ALERT: The Soaring Shipping Stock that You’ve Never Heard Of…

It's J-Rod and welcome to Stocks That Rock.

Each week, I turn up the volume on a breakout stock that will rock your retirement account.

Today, I'm going to show you how a tiny Greek shipping stock could hand you a 57% gain.

Now before I get into today's stock...

I'm doing another Q&A video, so if you've got a burning stock or crypto question you'd like me to answer... leave it as a comment on this video, and I'll get it in the queue.

Now onto today's action…

Video Notes: 

If I asked you what the best-performing industry of the last month was in the stock market, what would you say?

Semiconductor manufacturing...

Biomedical...

Staffing?

The answer: None of the above. It's shipping transportation.

Now if it makes you feel any better, I would have gotten this question wrong, too!

But... 

Not to worry, my friend!

There's still plenty of time for you to profit from this little-known fact.

Thanks to unprecedented Covid-related disruptions to supply chains and freight transportation...

The price of shipping goods overseas by tanker has climbed all this year...

And as of August, prices soared to an eye-watering 11-year high.

What does that mean for you?

Well for starters, it means that you and I are paying a lot more for imported goods at the store than we're used to.

But it also means the companies that ship stuff are happily cashing in on the inflation.

Shipping stocks are up a whopping 260% this year.

And with a bulging backlog of freights...

Business is set to boom for years to come.

So today's stock that rocks is a tiny, breakout shipping company with massive upside — Euroseas Ltd. (ESEA).

Euroseas is a $180 million Greek shipping company with 19 container ships.

Shares soared 18% last Friday after announcing a new time charter contract for its M/V Synergy Oakland ship.

According to the CEO Aristedes Pitta...

The charter rate of $200,000 per day is the highest rate ever achieved by a vessel in its fleet...

And one of the highest rates ever achieved in the shipping industry.

Earnings for Euroseas are expected to grow 150% this year...

And in 2022, earnings should grow 52%.

That's more than 5 times the estimated earnings growth for the S&P 500.

So it should come as no surprise that the stock is up nearly 400% in 2021... and 1,092% over the last 12 months.

And things are still just heating up!

Eurosea's Friday surge on spectacular trading volume helped the stock break out to a new five-year high last week.

And I think there's a lot more upside where that came from.

My first price target on the stock is $34.

That's the stock's $8 trading range over the last five months added to the stock's $26 breakout point.

And it represents an upside of 13% from where shares currently trade.

Not bad, right?

Well, it gets better…

My longer-term price target, based on a Fibonacci extension, is $48.

Fibonacci support and resistance levels, which are based on the famous mathematical formula found all throughout nature...

And shown here on the chart as the colored horizontal lines...

Have proven to be very strong for the stock over the last year or so.

And I think the stock has enough momentum on the fundamental side as well as on the chart to take it to the next level.

And a move to $48 would mean a gain of 57% from the stock's price now.

So if you're looking to ride the surging shipping wave, look no further than

But this is a small, speculative stock... so make sure you size your position accordingly.

Well that's all for today...

Thanks so much for watching today's video.

As always, if you dig the content...

Please hit the like button and subscribe to the Rich Retirement Letter YouTube channel so you never miss out on these videos.

And if you've got a question or a comment... Leave me a comment on the video or shoot me an email at AskJRod@StPaulResearch.com

Thanks again...

Jonathan Rodriguez

Jonathan Rodriguez
Senior Analyst, Technology Profits Daily

AI Gets Political

AI Gets Political

Posted January 17, 2024

By Ray Blanco

AI takes center stage in Davos. How this week will shape what AI looks like for decades to come.

Consumer Electronics Show Debrief!

Posted January 16, 2024

By Ray Blanco

A run down of what the Paradigm crew learned from CES in Vegas - plus the week’s top tech stories.

Filtering Out Fake News

Posted January 12, 2024

By Ray Blanco

AI offers a unique solution to the Fake News epidemic.

Should I Buy Bitcoin?

Posted January 11, 2024

By Ray Blanco

It’s official, the Bitcoin ETF has been approved. Its price keeps going up, but should you buy-in now?

Live From CES in Vegas!

Posted January 10, 2024

By Ray Blanco

Zach, Matt, Ari, and Bob are providing live updates from the Consumer Electronics Show in Las Vegas.

Bigger Than Bitcoin

Posted January 09, 2024

By James Altucher

James Altucher tells us why he’s not bothering with the next Bitcoin bull run, even though he thinks it’s legit.