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Shares of U.S. Global Sea to Sky Cargo ETF (NYSEARCA:SEA – Get Rating) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $19.33 and traded as high as $19.34. U.S. Global Sea to Sky Cargo ETF shares last traded at $19.29, with a […]
At Exchange: An ETF Experience 2022, U.S. Global Investors CEO and CIO Frank Holmes said that "we are spending a lot of money” on shipping, noting that “we’ve seen the cost of shipping go up sixfold.”
Global shippers find themselves in the crosshairs of several macroeconomic megatrends that could all soon move against them.
The shipping industry experienced record profits in 2021 driven by high freight rates as supply chain issues persisted.
With sky-high freight rates and shipping companies marking record profits in 2021, now could be a prime time to consider investing in the shipping industry. Although some hurdles remain, cargo shipping and air freight companies have shown immense pricing power and stand to benefit from surging consumption and a rebound in global trade. In the ...