Analyst Recommends Diana Shipping And Genco Shipping (DSX, GNK)

In an interview with CNBC, Omar Nokta, head of research for marine transport at Dahlman Rose, said that The Baltic Dry Index is still a very reliable economic indicator.

Nokta said, “There’s been a lot of arguments that the BDI isn’t going to be as reliable of an index to judge the health of the global economy. But we still think it’s very relevant because it gives the real sense of demand for raw materials from the developing world.”

Nokta stated his preference for companies with solid balance sheets, and good management teams. Nokta particularly likes Diana Shipping (NYSE: DSX), and Genco Shipping (NYSE: GNK).