No, a downgrade, whether on a specific stock such as NM or even an entire sector, like the shippers, doesn’t impact my outlook or analysis for the stocks. What does matter is the technicals & price action in the sector. I keep that watchlist of my shipping stocks up at all times when I’m trading the shippers, as I have been recently & still long several names in the group.
I did lighten up on my holdings in the shipping sector but more so as a strategic move to reduce my long exposure overall based on my views that the broad market is likely headed lower in the coming weeks and as I often say; All ships are lifted with a rising tide just as all (or most) ships drift lower on a falling tide. No pun intended for the shipping sector although I think that statement would apply to them as well (i.e- broad markets down = shipping sector down).

Thanks much for keeping us posted. Along the shipping lines, nm got a harsh downgrade from Moody’s yesterday and the stock has been down somewhere around 13% accordingly. Still the price has not approached your suggested stop of around 1.20. Does news like this alter your ta based thinking or is News like this closer to background noise?