Shipping Stocks Still Look Healthy In Market Weakness
Seeking Alpha Analyst Since 2009
Shipping stocks still look like they have some energy left, in an overall weak market. Today, DryShips Inc.(NASDAQ:DRYS) is trading at $2.11, +0.07 (3.43%). This is one of the few sectors that has not surged dramatically higher.
I am keeping the whole sector on high alert going forward. Key small cap plays could be monster movers if conditions continue to remain favorable.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.