Hot Shipping Companies To Watch For 2014

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of shipping company Navios Maritime (NYSE: NM  ) jumped as much as 14% today after the company released earnings.

So what: Revenue fell 12% from a year ago to $133.8 million, but it easily topped the $97.1 million estimate. The company lost $0.10 per share, but that was well ahead of the expected $0.22 loss, and that got investors excited today. �

Now what: The dry-bulk segment was hit hardest over the past year, and rates fell 45% to $11,820 per day. There's a long history of challenges in this segment, and it doesn't appear to be getting any better, with oversupply in the industry. Today's results may have beaten expectations, but I'm not a buyer, because the company's still seeing deteriorating results.

Interested in more info on Navios Maritime? Add it to your watchlist by clicking here.

Hot Shipping Companies To Watch For 2014: Convergys Corporation (CVG)

Convergys Corporation provides relationship management solutions in North America and internationally. Its Customer Management segment offers agent-assisted, self-service, and intelligent technology care solutions, including customer service, customer retention, sales, technical support, social interaction, collections management, back office, business-to-business, customer experience applied analytics, and intelligent interaction solutions for communications, financial services, technology, retail, healthcare, and government markets. This segment also provides premise-based and hosted automated self-care and technology solutions; speech recognition solutions; and license, professional, consulting and maintenance, and software support services. Convergys Corporation was founded in 1998 and is headquartered in Cincinnati, Ohio.

Hot Shipping Companies To Watch For 2014: Digital Ally Inc.(DGLY)

Digital Ally, Inc. engages in the production and sale of digital video imaging, audio/video recording, storage, and other products for use in law enforcement and security applications. Its digital audio/video recording and storage product line comprises an in-car digital audio/video system that is integrated into a rear view mirror; an all-weather mobile digital audio/video system designed for motorcycle, ATV, and boat uses; a miniature body-worn digital audio/video camera; a hand-held speed detection system based on light detection and ranging (LIDAR); a hand-held thermal imaging camera used for improved night vision; and a digital audio/video system, which is integrated into a law-enforcement style flashlight. The company?s products make self-contained video and audio recordings onto flash memory cards that are incorporated in the body of the digital video rear view mirror, officer-worn video, and audio system and flashlight. Digital Ally, Inc. sells its products to law enforcement agencies and other security organizations, as well as for consumer and commercial applications through direct sales and third-party distributors. The company is based in Overland Park, Kansas.

Hot Promising Stocks For 2014: Teekay Offshore Partners L.P.(TOO)

Teekay Offshore Partners L.P. provides marine transportation, oil production, and storage services to the offshore oil industry. It operates shuttle tankers, floating storage and offtake (FSO) units, and conventional crude oil tankers, as well as floating production, storage, and offloading (FPSO) units. As of June 30, 2011, its fleet consisted of 40 shuttle tankers, including 5 chartered-in vessels and 4 committed newbuildings; 2 FPSO units; 5 FSO units; and 10 conventional oil tankers. The company primarily serves energy and oil service companies, and their affiliates. Teekay Offshore GP L.L.C. serves as the general partner of the company. The company was founded in 2006 and is headquartered in Hamilton, Bermuda.

Hot Shipping Companies To Watch For 2014: King Solomon Mines Ltd (KSO.AX)

King Solomon Mines Limited, through its subsidiaries, engages in the acquisition, exploration, and development of mineral resource properties in China. It primarily explores for gold, copper, and other metallic deposits. The company�s properties located in the Sonid Zuoqi county, Inner Mongolia include the Marmot copper�molybdenum�gold project that covers an area of 39.7 square kilometers; Sonid North gold project covering an area of 24.8 square kilometers; and Naogaoshandu gold project, which covers an area of 47.2 square kilometers. It also holds interest in Bu Dun Hua porphyry copper�molybdenum project covering an area of 25.1 square kilometers in the Wengniute County, Inner Mongolia. The company was founded in 2003 and is based in Auckland, New Zealand.

Hot Shipping Companies To Watch For 2014: Nanosonics Ltd(NAN.AX)

Nanosonics Limited engages in the research, development, and commercialization of infection control and decontamination products, and related technologies in Australia and Europe. The company manufactures and distributes Trophon EPR ultrasound probe disinfector, as well as associated consumables. It also owns intellectual properties relating to disinfection and sterilization technologies. The company offers its products and services to healthcare, food processing, room and space decontamination, and manufacturing industries. Nanosonics Limited was founded in 2000 and is headquartered in Alexandria, Australia.