i’m talking about such dry bulk companies as DRYS, dryships, DSX, diana shipping, ESEA, euroseas. Thanks everyone for your opions. im new to the stock market but have heard in the past that shipping is one of the first things to take off when the world is comming out of a recession, also with the dollar so weak there is a lot of exporting form the U.S.
What does everyone think about the shipping sector? Do you think there is money to be made in shipping stocks?
i’m talking about such dry bulk companies as DRYS, dryships, DSX, diana shipping, ESEA, euroseas. Thanks everyone for your opions. im new to the stock market but have heard in the past that shipping is one of the first things to take off when the world is comming out of a recession, also with the dollar so weak there is a lot of exporting form the U.S.
I don’t think so. These companies depend on air flight and fuel. Now with oil as an issue I don’t expect any trend to take off when the world is coming out of a recession. Plus when out of a recession is when fuel prices rise. Without Hybrid trucks and such, they will not make money.
Yes I think the shippers are due for an outbreak however the demand and rates are very low and most of them have huge debt problems. When China and India start growing again they are sure to take off. They also pay very attractive dividends.
Yes, there is money to be made — I would not hesitate to begin building a position in dry bulk shipping stocks at this juncture. I anticipate a slight pullback in the Baltic Dry Index (BDI) to around the 4000 mark, as it recently had its first hiccup since late September, but remember the trend is your friend, and on a longer-term basis it is headed higher.
If you’re interested in dry bulk stocks you should check out tickerspy’s Dry Bulk Shipping Stocks Index:
A look at the sector’s performance chart over the last 6-months shows the segment still has some catching-up to do relative to the S&P 500.