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Today’s Research Reports on Stocks to Watch: Euroseas and Top Ships

NEW YORK, NY / ACCESSWIRE / October 23, 2018 / President Trump withdrawing from the Universal Postal Union sent shares of shipping companies skyrocketing on Monday as this could mean more revenues in shipping for them. Both Top Ships and Euroseas were two big winners with Euroseas even hitting a new 52-week high on the news.

RDI Initiates Coverage on:

Top Ships Inc.

Euroseas Ltd.

Top Ships Inc. shares were jumping on Monday for gains of about 55% on much higher trading volume than usual. The international provider of oil, petroleum products and chemicals transportation services traded about 51.5 million shares compared to an average of just around 744,000 shares. The company saw gains after it was revealed that President Trump's trade war with China has just moved into international shipping too. The president announced that he is taking the U.S. out of the Universal Postal Union which allows a country of origin to reimburse the destination country for completing the delivery. According to Trump, China, as well as other rapidly ascending nations are using the system to get a competitive advantage over the U.S. While for small businesses this may not be good, it is promising for shipping companies to make more money.

Access RDI’s Top Ships Inc. Research Report at:

Euroseas Ltd. shares were up nearly 82% on Monday with skyrocket volume of almost 22 million shares. The stock flew to a new high of $3.85 and saw an additional 7% in gains in after-hours trading. The colossal move came after the Trump Administration announced that the U.S. is planning to leave the Universal Postal Union, a treaty that has been in place for nearly 150 years. The treaty aims to keep the prices of shipping between countries down who are in the treaty. With the United States deciding to pull out, it now means shipping prices can increase which bodes well for shipping companies such as Euroseas who can now bring in more revenue from higher shipping costs.

Access RDI’s Euroseas Ltd. Research Report at:

Our Actionable Research on Top Ships Inc. (NASDAQ: TOPS) and Euroseas Ltd. (NASDAQ: ESEA) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com