News Snapshot:
Ocean shipping stocks are not “buy-and-hold” investments. Shipping is a highly cyclical industry; the stocks require market timing. Non-insiders who hold shipping stocks for long periods are generally either “buy-and-wait” investors waiting for a cyclical upturn to pay off or “bag holders” who didn’t sell when the cycle turned down and are sitting on their losses. How have shipping stocks fared so far this year, and how have they done over the longer term? FreightWaves compared price changes for a selection of shipping stocks to a common buy-and-hold option: the SPDR S&P 500 ETF (NYSE: SPY), a leading exchange-traded fund...
