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 even larger than the Suez obstruction we experienced earlier this year. So the fallout could very well be another rise in the price of goods, which have already been affected by rampant inflation.
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Yes, I know what you’re all thinking…
The Federal Reserve doesn’t see inflation, so we’ll just have to save that topic for another day and video.
But what I am saying is that there are a few freight and shipping stocks set to rally thanks to the delay… or disruption, if you will.
2 Freight and Shipping Stocks to Target in 2021
The first freight and shipping stock on my list is Global Ship Lease Inc. (NYSE: GSL).
It’s a leading containship owner that charters out containerships under long-term, fixed-rate charters to world class container liner companies.
The stock’s one-year return is 359%…
So it’s easy to understand why I have a price target of about $25 per share over the next 10 weeks!
And if institutional investors begin moving in, GSL could experience a major rally.
But before you watch today’s video, there’s something you need to remember… The market always looks forward, so it tends to discount things ahead of time.
It doesn’t factor in what has already happened, which means you need to pay attention to everything I’m about to say…
So check out my short video and let’s talk freight and shipping stocks.
And don’t forget to subscribe to our YouTube channel if you haven’t already so you can be notified as soon as we post our next video!
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