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Doesn't it seem like freight and shipping stocks just got back on their own two feet before entering their peak season? Well, just like the COVID-19 pandemic and Suez Canal blockage, they've been dealt yet another tough blow...
A Chinese port that exports 90% of the world's electronics recently shut down.
It's been a major pain in the neck for the maritime shipping world, making efforts to reopen the global economy that much harder.
The shipload impacted by Yantain's closure was larger than the Suez obstruction we experienced earlier this year. So the fallout could mean another rise in the price of goods, which have already been affected by rampant inflation. But no need to worry about that just yet because I found a few shipping stocks set to rally thanks to the delay...
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Get the Names | WE WANT TO HEAR FROM YOU!
I do a ton of sector analysis and use back-tested, proven strategies to beat the market. I use proprietary formulas based on relative strength to track the top 5 strongest stocks… You know, the ones I send you in my new weekly watchlist. But now I want to know which stocks you'd like to see rankings for! All you have to do is reply directly to this email with your tickers! | | How a Fed Policy Change Upended Prices for Everything — and What to Do
| | Inflation in the U.S. is through the roof, and that's largely due to a recent policy change by the Federal Reserve...
The original goal of the Fed was to keep inflation around 2%. But over the past year as the central bank changed its policy, prices for certain commodities are up double and triple digits. And that's not good for any of us. But stock market expert and Forbes contributor Adam Sarhan has seen this story before, and the good news is it's not sustainable...
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| | | 2 Energy Stocks on My Radar With Major Upside Potential
| June 24, 2021 | It's the second time I'm talking about the energy stocks on my radar this week! So I see a lot of profit potential here. Continue Reading
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