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4 Top-Ranked Stocks From a Prospering Shipping Industry

Investors interested in the Zacks Transportation - Shipping industry should consider adding stocks like Danaos (DAC), Golden Ocean (GOGL), Genco Shipping & Trading (GNK) and Eagle Bulk Shipping (EGLE) to...

This story originally appeared on Zacks

Stocks in the Zacks  Transportation - Shipping  industry have had an impressive run on the bourses, courtesy of the economic activity-led demand uptick. Improvement in trade volumes contributed to this upside, aiding shipping stocks as those are responsible for transporting bulk of the goods involved in world trade.

Shipping companies enjoyed strong rates this year, which is in its last leg, on the back of soaring demand for goods and commodities. What is more encouraging for the space is that the demand environment is likely to remain strong in 2022 as well. Stocks like Danaos Corporation DAC, Golden Ocean Group GOGL, Genco Shipping & Trading Ltd. GNK and Eagle Bulk Shipping EGLE are likely to benefit from the rebound in the global economy from the pandemic-led woes (despite the emergence of the latest omicron variant).

- Zacks

5 Stocks Set to Double

Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

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Danaos Corporation (DAC): Free Stock Analysis Report


Genco Shipping & Trading Limited (GNK): Free Stock Analysis Report


Eagle Bulk Shipping Inc. (EGLE): Free Stock Analysis Report


Golden Ocean Group Limited (GOGL): Free Stock Analysis Report


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Zacks Investment Research