Advertisement
Canada markets closed

  • S&P/TSX

    22,011.72
    +139.76 (+0.64%)
     

  • S&P 500

    5,070.55
    +59.95 (+1.20%)
     

  • DOW

    38,503.69
    +263.71 (+0.69%)
     

  • CAD/USD

    0.7320
    +0.0019 (+0.25%)
     

  • CRUDE OIL

    83.40
    +0.04 (+0.05%)
     

  • Bitcoin CAD

    90,700.37
    -443.19 (-0.49%)
     

  • CMC Crypto 200

    1,426.91
    +12.15 (+0.86%)
     

  • GOLD FUTURES

    2,335.70
    -6.40 (-0.27%)
     

  • RUSSELL 2000

    2,002.64
    +35.17 (+1.79%)
     

  • 10-Yr Bond

    4.5980
    -0.0250 (-0.54%)
     

  • NASDAQ futures

    17,656.50
    +306.50 (+1.77%)
     

  • VOLATILITY

    15.69
    -1.25 (-7.38%)
     

  • FTSE

    8,044.81
    +20.94 (+0.26%)
     

  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     

  • CAD/EUR

    0.6836
    -0.0014 (-0.20%)
     

Will Scorpio Bulkers Continue to Surge Higher?

Zacks Equity Research

As of late, it has definitely been a great time to be an investor Scorpio Bulkers Inc. SALT. The stock has moved higher by 10% in the past month, while it is also above its 20 Day SMA too. This combination of strong price performance and favorable technical, could suggest that the stock may be on the right path.

We certainly think that this might be the case, particularly if you consider SALT’s recent earnings estimate revision activity. From this look, the company’s future is quite favorable; as SALT has earned itself a Zacks Rank #2 (Buy), meaning that its recent run may continue for a bit longer, and that this isn’t the top for the in-focus company. You can see the complete list of today’s Zacks #1 Rank stocks here.

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

ADVERTISEMENT

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we're targeting>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Scorpio Bulkers Inc. (SALT) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.