We recently released a list 10 cheap rising stocks available now. In this article, we will look at the position of Teekay Tankers Ltd. (NYSE:TNK) with investments in other cheap rising stocks.
On May 2, U.S. stocks had their longest winning streak since 2004 as the United States and China showed willingness to hold trade talks. The wide market index rose 1.47%, which helped to eliminate losses since the Trump administration announced reciprocity tariffs on April 2.
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Trump told Time on April 22 that his administration reached a tariff agreement with China. The U.S. president also said he hopes to issue announcements on many other trade agreements over the next three to four weeks.
In an interview with NBC on May 2, the U.S. president said tariffs on Chinese imports will eventually be reduced:
At some point, I'll lower them because otherwise, you'll never be able to do business with them. They want to do business a lot…their economy is collapsing. ”
Jay Hatfield, founder and chief investment officer of Infracap, believes that tariff uncertainty is the most serious. He shared the following comments while talking to CNBC:
“As for the chaos of whether or not we really have negotiations with China, we think we have reached the peak tariff of tantrums, so it may be more positive than negative.”
A spokesman for China's Ministry of Commerce said the country is currently evaluating Washington's proposal to jointly start trade negotiations. Analysts see the statement as a subtle shift in Beijing's tone, which could open the door to negotiations on tariffs.
The stock market is also driven by the latest work data shared by the Bureau of Labor Statistics. The U.S. economy added 177,000 new jobs in April. While this is a slight decline from 185,000 jobs in March, the revenue is still stronger than the average rate of monthly job growth over the past three months, reflecting the resilience of the U.S. job market.
Large refinery under the background of marine containers and industrial cranes.
In this article, we filtered stocks with a return of 10% or more in the past 30 days by filtering, with a previous P/E ratio of less than 15, a lagging P/E ratio of less than 15, and a p/e ratio of less than 1 for p/b. From there we got 10 stocks from there and selected them at the lowest p/e ratio and ranked in the lower order. All data are the end of the business on May 5, 2025.
Why are we interested in stocks that hedge funds to accumulate? The reason is simple: Our research shows that we can beat the market by mimicking the top stocks of the best hedge funds. Our strategy for quarterly newsletters selects 14 small and large stocks every quarter, returning 373.4% since May 2014, beating its benchmark by 218 percentage points (See more details here).
30-day return: 33.94%
Forward P/E ratio: 7.13
Teekay Tankers Ltd. (NYSE: TNK) is a Bermuda-based company that provides marine transportation services to the oil industry. Its fleet includes 36 double-hull tankers and 4 licensed tankers.
Analysts believe that the current trade disruption and geopolitical shift have compelling investment opportunities, and Teekay Tankers Ltd. (NYSE: TNK) will impose tariffs on the U.S. in the U.S. in the U.S. on the recent tariffs on the U.S. are being imposed on the U.S. on the U.S. as U.S. Canadian producers explore alternative markets. The shift in trading partners also translates into increased demand for tankers, higher daily leasing rates, and longer transport distances, which are straightforward for companies.
Teekay Tankers Ltd. (NYSE:TNK) reported net GAAP revenue of $7.6 million for the first quarter of fiscal 2025, at $2.20 per share, while adjusted net income of $41.8 million, or $1.21 per share. Total revenue was US$231.6 million. During the earnings call, the company also announced a fixed cash dividend of 25 cents per share, a special cash dividend of $1 per share, which should be paid on May 30.
Wall Street analysts' consensus buy rating for Teekay Tankers Ltd. (NYSE:TNK), with an average stock price upside potential close to 16%. On May 8, Jefferies' stock price target was $55. Given the impressive returns over the past month and the low P/E ratio, TNK is one of the cheap rising stocks to invest in at the moment.
According to Insider Monkey's database in the fourth quarter 2024, 21 hedge funds hold stakes in Teekay Tankers Ltd. (NYSE: TNK).
Overall, TNK Ranked sixth Of the 10 cheap rising stocks to buy right now. Although we acknowledge that TNK's potential is an investment, our belief is to believe that AI stocks have greater hope and do this in a shorter time frame. AI stocks have risen since the beginning of 2025, while popular AI stocks have lost about 25%. If you are looking for AI stocks that are more promising than TNK but have less than 5 times its earnings, check out our report Cheapest AI stocks.
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Disclosure: None. This article was originally published in Internal monkey.