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- This shipping stock’s stair-step trend could break wide open
This shipping stock’s stair-step trend could break wide open
My Friday target 🎯
Markets have been swinging hard lately, and I’ve been chasing down setups that still look technically clean. This shipping play has rebounded 50% since spring and is now pressing against a resistance zone. Here’s how the chart, momentum, and fundamentals all seem to be lining up.
TODAY’S TOP ALERT!
Performance Shipping Inc (Nasdaq: PSHG)
👉 PSHG is TODAY’S #1 ALERT 👈
Good morning, Folks, and happy Friday!
I’ve been busy this week alerting “tactical trade” ideas, including two yesterday that did really well (make sure you’re on my SMS list if you’re not already - see my PS message).
The first was a biopharma stock I’ve alerted ten times this year — and it’s now ten-for-ten delivering double-digit intraday gains on each alert day.
The second alert was on a robotics company based out of Dubai. It closed the day up 15% and did well after-hours and in the pre-market (as of this writing). Here’s how it looked near its peak:
I’m taking aim once more today on a shipping company that has recovered nicely from the “Liberation Day” shock in early April. From its April 9 low, the stock has climbed 50%.
Have a look at Performance Shipping Inc. (PSHG) on your trading platform.
You’ll see the stock has been charting ever-higher lows since April, and now has support around $1.75–$1.85.
It has had a nice bounce from there beginning last Friday and is now approaching resistance at $2.00–$2.10.
Right now the technical indicators at TipRanks show the stock is firing on all cylinders:
With momentum at its back and positive action in the pre-market, I’m watching PSHG to see if it breaks through resistance today.
👉 PSHG is TODAY’S #1 ALERT 👈
The company is based out of Athens, Greece, and describes itself as “a global shipping company specializing in the ownership of tanker vessels.”
Here are 5 things to know about it:
1. Locked-in long-term cash flows 🚢
In June, PSHG announced a 4-year time charter for an LR1 newbuilding tanker, at US$23,750 per day, starting early 2027, with extension options.
That’s significant because many shipping companies are exposed to volatile spot rates. PSHG is locking in predictable revenue, reducing risk. The contract also boosts their secured revenue backlog by approximately $35 million.
2. Active fleet renewal and expansion into modern tonnage 🔧
PSHG isn’t sitting with old ships; they’re building LNG-ready, Tier III compliant vessels and acquiring modern Suezmax tankers.
In March, for example, it executed a sale‐and‐leaseback for a newbuild LR2 Aframax tanker.
Modern ships mean better fuel efficiency, lower maintenance/insurance costs, and better access to premium charters. That’s a structural advantage versus peers stuck with older tonnage.
3. Strong backlog and revenue visibility 📆
Having a backlog is gold in the shipping business. PSHG says the backlog is around $255 million (minimum duration of charters) after that Mercuria deal.
This means it has a significant chunk of future revenue secured, meaning less guesswork and more certainty. For an industry often at the mercy of oil/charter cycles, that’s a differentiator.
4. Smart financing and capital strategy 💡
PSHG has been active on the capital markets side. In June, for example, it initiated fixed-income investor meetings and said it was planning a bond offering to fund fleet expansion and renewal.
It’s also divesting older vessels (selling M/T P. Yanbu in March for 39 million) as part of fleet renewal.
This shows management isn’t just reacting — it’s proactively structuring the business to scale and modernize.
5. ESG and regulatory positioning for future advantage 🌍
With shipping facing increasing regulatory scrutiny on emissions, PSHG is moving in that direction. Its newbuilds are LNG-ready and Tier III compliant.
Having “future proofed” ships could give them access to better charters (as charterers prefer compliant vessels), lower obsolescence risk, and potentially premium rates.
Final Thoughts
Right now analysts say PSGH is a BUY with an average 12-month price target of $5.25 — 166% above yesterday’s closing price.
As you do your own research on the stock, have a look at this investor presentation from June as well as the company’s slick website.
As always, be sure to approach your trading in a responsible manner. Trading is very risky, and nothing is ever guaranteed, so never trade with more than you can afford to lose.
Please read the full disclaimer at the bottom of this email as well so you are aware of additional risks and considerations. Always have a well-thought-out game plan that takes your personal risk tolerance into consideration.
To Your Success,
Jeff Bishop
P.S. Don't miss out on our MOBILE ALERTS! Some of these alerts have rocketed past the MOON 🌝. Simply text “RAGE” to 1-(888) 487-1534 📲.
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Just so you know, what you're reading is curated content for which we have received a monetary fee (detailed below) to create and distribute. Let's be clear that investing can be quite the roller coaster as stock prices can have wild swings up and down, so consider those crucial risks before you ever consider trading anything we discuss. Make sure you check out our full disclosure down below for the details on how we were paid, the risks, and why these results aren't what you'd call “typical.”
Just a quick heads up about this ad you're reading—as we’ve said, even though we like the company referenced above, and all the facts we discussed above are true to the best of our knowledge, we are running a business here. To distribute this information and help offset the costs of maintaining our large digital audience, in advance of writing the content above, we have not received any compensation for advertising Performance Shipping Inc, though we may be retained by them in future.
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Now, diving right into Performance Shipping Inc might sound exciting. But remember, it’s like venturing into the wilderness—be aware that there's exceptional risk involved in trading. This isn't small potatoes we're talking about; you could lose every dime you put in, so always carefully think about what you’re doing. That’s why they call this trading, after all. We're shining a light on the good stuff about the company here, but it's on you to do your homework, make your own calls, and determine a plan for your own trading, hopefully with the help of your professional 1nvestment advis0r.
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