There are a host of reasons to consider investing in shipping companies, according to Pure Value Metrics' Richard-Mark Dodds, who said many of the stocks had attractive entry points. Shares of European shipping firms AP Moeller Maersk and Hapag-Lloyd are down by more than 30% this year, while Asian carriers Cosco Shipping and Evergreen Marine have fallen further by more than 45%.
The stocks listed below meet the following criteria: Constituents of the SonicShares Global Shipping ETF Buy-rated by all analysts, according to FactSet data Analysts expected an increase in sales and earnings per share for 2023 U.S.-listed but London-headquartered Global Ship Lease offers the biggest potential upside to investors, according to the screen. The owner of medium- and small-sized container ships is expected to report EPS growth of 4.5% and total revenue growth of 4.
WallStreet 'advisers' and mass media: CNBC, Bloomberg have to be very proud for luring clueless retail 'investors' into the biggest StockMarket BUBBLE in history! This is what they are paid for by big corporations - turning retail investors into bagholders!