European shipping stocks showed strength on April 25, with tankers rising about 2% and dry bulk shipping gaining 2%, led by companies such as HS Ship Management (HSHP) which increased by 6%. Other notable tanker stocks included OET, which rose 3.5%, and Hafnia (HAFNI). Capesize freight futures advanced 1-2%, reflecting positive sentiment in the shipping sector. Tanker stocks opened weak but recovered, with Teekay Tankers (TNK) up 2% following Pareto Securities raising its price target for TNK from $54 to $55, anticipating further earnings revisions. Stolt-Nielsen (STNG) was the top-performing tanker stock, climbing 4%, an uncommon occurrence. The broader market declined by approximately 0.5% early in the session. Separately, Latin American fintech stocks Pags (PAGS) and StoneCo (STNE) have shown remarkable year-to-date gains of 53% and 68%, respectively. StoneCo continued its upward trend with a 4.5% increase in after-hours trading, while PAGS and STNE have outperformed the S&P 500 significantly over the past month.
Wrote up $STNE & $PAGS a month ago as severly undervalued. They’re now up ~20%, crushing the S&P 500. And no—I didn’t buy a single share. https://t.co/HqECbAPpwB https://t.co/I5dyf1DDCD
$STNE now up 4.5% AH too lol Any news? https://t.co/sFFmJNau3i
Charts LatAm Edition Weeklies Brazil $PAGS $STNE insanely strong $NU great recovery of most moving averages https://t.co/Ger6O1Jcrn