Entering text into the input field will update the search result below

Plug Power rises to top industrial gainer, while shipping stocks anchor among losers

Jul. 09, 2022 12:35 PM ETPlug Power Inc. (PLUG) Stock, GOGL StockSPY, XLI, JBLU, BLDP, BRC, SBLK, SAVE, BE, UPWK, ZIM, ULCC, ESAB, BLDP:CABy: Ravikash, SA News Editor7 Comments

percentage to UP and Down arrow symbol icon on table. Interest rate, stocks, financial, ranking, mortgage rates and Cut loss concept

Panuwat Dangsungnoen

Power/energy-related stock were among the top gainers for the week ending July 8, while shipping stocks led the decliners' list amid looming fears of recession as the Federal Reserve's policymakers eye up to a 75 basis-point rate hike

Recommended For You

Comments (7)

Have a tip? Submit confidentially to our News team. Found a factual error? Report here.

Good info.
trusthouse profile picture
The traditionnal slide of PLUG before earnings is getting close.
Yes Shipping, Diesel is over $6 a Gallon.
justinmaxwell86 profile picture
This article related to shipping containers is retarded from a couple perspectives. 1- the Chinese ports JUST reopened. The longshoremen, many of whom I’m friends with, are JUST catching up with cargo back ups, mainly because two of chinas largest ports were shut down so NO new ships were going IN or OUT of their ports.
2- Qtr 1 and 2 are the slow months for shipping. So obviously things slow down, especially with a recession, however rates are STILL near historical highs though they’ve come down some. 3- if you’re only going to focus on price movements of these stocks you should probably mention that $24 of the drop in price of Zim is correlated to the massive dividends they paid out since the high of $90/share. Just something to note. 4- we are going into busy season and there are rumblings of a nation wide train strike (which move all this port cargo) and we have a shortage of about 100k truck drivers. WitH China open again, who is going to move all the containers???? I see last year’s congestion problems ramping up in the coming months, and ZIM along with their peers will continue to print cash faster than the fed. Long ZIM!
cssys profile picture
buy jblu
Which are substancial.....
These YTD figures exclude significant dividends paid YTD.

Related Stocks

SymbolLast Price% Chg
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.