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Today's Research Reports on Trending Tickers to Watch: Sino-Global Shipping America and YRC Worldwide

NEW YORK, NY / ACCESSWIRE / February 14, 2017 / Promises of a "phenomenal" tax plan by President Trump continued to push markets to new record highs on Monday. The Dow Jones industrial Average gained 0.70 percent, 142.79 points, to close at 20,412.16, while the S&P 500 gained 0.52 percent to close at 2,328.25. On Monday, the S&P 500 hit a $20 trillion market cap for the first time in History after it broke the 2,324.22 mark, according to Howard Silverblatt, senior Index analyst at S&P Dow Jones Indices. Currently, the S&P 500 is trading at approximately 17.45 times its 12 month forward earning, 25 year average of price to forward earnings of the index is near about 15, according to Thomson Reuters.

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"Even though we have social unrest and building geopolitical tensions, the market refuses to fall in any meaningful fashion, which means there remains a very strong underlying bid in the market," said Adam Sarhan, Chief Executive Officer of 50 Park Investments. "This is due to a confluence of a few factors, including the earnings recession being over, a very strong bull market, and the hope for future prosperity under the pro-growth policies of the new administration."

Let's Take a Closer Look at Today's Trending Tickers

Sino-Global Shipping America's shares soared 72.79 percent to close at $4.70 a share on Monday. The stock traded between $3.19 and $5.10 on volume of 19.20 million shares traded. The company reported total revenues were $2.1 million for the second quarter of fiscal 2017, an increase of 33.3 percent when compared to revenues of $1.6 million in the same quarter a year ago. Sino-Global swung to a net income of $0.8 million in the second quarter of fiscal 2017 from a net loss of $1.6 million in the year ago quarter. The company has $3.3 million in cash and cash equivalents as on Dec 31, 2016 as against $1.4 million in cash and cash equivalents reported in June 2016, and the company has generated operating cash flow of $1.92 million for the six months ended in December 31, 2016.

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"During the last quarter we continued our efforts to address industry challenges, and in December we completed the launch of our full-service logistics platform. Our new platform connects shippers with independent trucking organizations, and since launch the Company has entered into agreements with two major shipping conglomerates. These agreements not only strengthen our relationships with these businesses but, we anticipate, will lead to additional customers and strategic partnerships in the future," commented Mr. Lei Cao, Chairman and Chief Executive Officer of Sino-Global.

Access Today's Sino-Global Shipping America Research Report Click Here

YRC Worldwide's shares declined 0.89 percent to close at $13.33 a share on Monday. The stock traded between $13.24 and $13.95 on volume 1.15 million shares traded. On February 6th, the company reported consolidated operating revenues were $1.148 billion for the fourth quarter of 2016, up from $1.143 billion in the same quarter a year ago. Consolidated operating income was $14.9 million, which included an effect of $3.4 million gain on property disposals, for the fourth quarter 2016, compared to a consolidated operating loss of $15.3 million, which included a non-union pension settlement charge of $28.7 million and a $0.4 million loss on property disposals, a year ago. Reported net loss was $7.5 million or $0.23 a share for the fourth quarter of 2016 as against net loss of $23.5 million or $0.73 a share reported in same quarter prior year.

"Despite the soft industrial conditions and lower fuel surcharge revenue during the year, we reported the highest full-year operating income since 2006. We also increased our capital value equivalent investments, including technology and new tractors and trailers for the fifth consecutive year. Until we see a stronger freight environment it is critical that our investments and self-help actions drive improvements," commented James Welch, Chief Executive Officer at YRC Worldwide.

Access Today's YRC Worldwide Research Report Click Here

Today's Features Includes:

Sino-Global Shipping America, Ltd. (NASDAQ: SINO)

YRC Worldwide Inc. (NASDAQ: YRCW)

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