English
Back
Download
Log in to access Online Inquiry
Back to the Top

Is the shipping sector out of favor with the stock market?

avatar
Palmyra wrote a column · Oct 15, 2021 17:14
$Danaos (DAC.US)$ $Matson (MATX.US)$ After massive run up with names like DAC, MATX, SBLK etc... the shipping sector got absolutely hammered today on a monster day for the stock market.

In theory, the period from mid October-early 2022 should continue to be a good time for the sector, but the market's moves seems to be disagreeing.

But with upgrades to stocks like UPS, shouldn't this help them?:

"The strong demand from the upcoming peak shipping season and smart management has UPS set up for a rebound, according to investment firm Stifel.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
Translate
Report
79K Views
Comment
Sign in to post a comment
    563
    Followers
    25
    Following
    750
    Visitors
    Follow
    Discussing
    Trump 2.0 Era: How will global markets evolve?
    🎙️Discussion: 1. How will tariff policies affect the movement of key assets such as U.S. stocks, gold, and Bitcoin? 2. Given this context, Show More