FinViz identifies 39 shipping stocks, many of which pay a fat div, which I don’t care about. Bar Chart calls the group ‘Water Transportation’ and adds another 15. Also, there are 4 ETFs that track the industry. So there’s enough material to set up a focused, value-oriented, trading program, using a combo of fundie analysis and Quill’s Simon Sez methods.
Personally, I don’t think the shipping sector will do well in 2026, because the global economy is slowing, never mind the chaos that will happen if the US does attack Iran. But I could be wrong, given that the US has recommitted itself to salvaging the $US dollar.
My intention with this thread is to explore how indexing an industry does compared with making bets on individual stocks within it.
Because you start with FinViz, I start with a chuckle. chuckle:
I don’t think Arindam knows, so let’s help Arindam.
FYI - FinViz does not know how to categorize companies that are involved with the shipping of oil and gas cargos. It is not just one or two names. FinViz has decided that most of the tanker companies are Sector “Energy” Industry: “Oil & Gas Midstream”.
How FinViz --or Bar Chart, etc.-- chooses to categorize stocks is for them to decide, just as is how you choose to create categories.
What I did do is run correlations on the list I put together vs the ETFs that track the shippers and didn’t find the patterning I was hoping to see. Some of the companies are doing well. Some aren’t. For some, the tracking ETF was a useful benchmark. For most, it wasn’t.
What’s far more important is that if the US does go ahead with its planned attack on Iran, then chaos ensues for the the whole global economy, not just a couple of boats hauling crude, LNG, coal, wheat, people, whatever, no matter whose list they appear on, or not. LOL
Your supposed “help” isn’t a help. But thanks for trying.
Abbreviating my handle to “Ho” – so mature and grown-up!!
I was laughing at FinViz for that sloppy categorization in the prior post. You, on the other hand, resort to a personal attack.
If my “help” did not help, I dare you to assemble a shipping index without any of these names – FRO, CMBT, STNG, INSW, TRMD, TEN, FLNG, LPG, TNK, DHT (there’s a bunch more) and still claim you have a representative shipping index.
Sure FinViz can put together categories how they wish. But, if one is attempting to put together a shipping basket and leave out … not just one or two shipping names, but a whole sub-category of shipping (See above list) due to mis-categorization, then I think it is worth mentioning.