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Why Genco Shipping & Trading (GNK) Could Shock the Market Soon

May 18, 2017
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It commonly happens in stock investing that investors miss the chance of buying winning stocks that they knew would stand out. Before they take the plunge, others get to know the hidden potential and enter into these stocks, pushing them out of reach.

So, instead of repenting, spotting the off-the-radar potential winners and immediately investing in them could be a smart decision.

One such company that looks well positioned for a solid gain, but has been overlooked by investors lately, is Genco Shipping & Trading LimitedGNK . This Transportation – Shipping industry stock has actually seen estimates rise over the past month for the current fiscal year by about 17.5%. But that is not yet reflected in its price, as the stock lost 19.6% over the same time frame.

You should not be concerned about the price remaining muted going forward. This year’s expected earnings growth over the prior year is 93.8%, which should ultimately translate into price appreciation.

Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 Price and Consensus

Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 Price and Consensus | Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 Quote

And if this isn’t enough, GNK currently carries a Zacks Rank #2 (Buy) which further underscores the potential for its outperformance (See the performance of Zacks’ portfolios and strategies here: About Zacks Performance ).You can see  the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here .

So if you are looking for a stock flying under-the-radar that is well-equipped to bounce down the road, make sure to consider Genco Shipping & Trading. Solid estimate revisions and an impressive Zacks Rank suggest that better days may be ahead for GNK and that now might be an interesting buying opportunity.

Will You Make a Fortune on the Shift to Electric Cars?

Here’s another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

It’s not the one you think.

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Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (GNK): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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