Shipping stocks, sometimes called freight stocks, are companies engaged in the shipping and transportation of goods. This refers to both companies that operate fleets of motorized vehicles and those that ship large quantities of goods in ocean tankers. However, maritime technology companies that build the ocean vessels used in international shipping can also be considered shipping stocks. The industry’s most popular names include XPO Logistics and Golden Ocean Group.
Penny stocks may seem alluring, but these seven struggling penny stocks are in deep trouble, and investors should avoid them at all costs.
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