2 Marine Shipping Stocks For Future-Minded Investors

Shipping might be in a bind right now. The Strait of Hormuz is rough waters right now, to say the least, and that means a great deal of uncertainty, not just for the economy but for the marine shipping industry in particular (which is still notably one of our top-ranked industries).

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This will likely pass, and the Strait of Hormuz will not remain closed forever. However, for investment purposes, you need to know what might still be worth investing in today. To help us determine this, we can use the Zen Ratings system, which evaluates stocks via 115 carefully selected criteria. Note that A-rated stocks have an average annual return of +32.52%.

Here are two A-rated stocks in the Marine Shipping industry that are still worth your attention:

1. Navios Maritime Partners (NYSE: NMM)

With a notable fleet (170-180 ships) of container and dry cargo vessels and based in Monaco, NMM is a stock that may represent an undervalued opportunity to many and is still coming off strong recent quarterly results. And while sentiment may be mixed depending on where you’re looking, the overall trend is optimistic for the shipping company.

What’s particularly notable here is that despite a strong increase in share price over the last year (+72.06%), NMM still has a Value Component Grade of A for Value, and a B in Momentum and Sentiment. This indicates that not only do key players still have confidence in the stock, but the overall price trend is also strong.

Investors will certainly want to watch general geopolitical trends, but they’ll also want to take note of future earnings, NMM's debt management, and how shipping demand develops over the next few quarters.

2. Okeanis Eco Tankers Corp (NYSE: ECO)

ECO is another stock that has had an excellent run over the past year and still has an above-average B grade for Value. However, in slight contrast to NMM, it has an A Component Grade in Momentum instead and generally shows strong trends in this less certain economy. While ECO is close to the current oil price volatility, it doesn’t strictly mean that demand for its services is going down. 

It is currently the second-highest-rated shipping stock we cover, and you will want to watch for whether the momentum continues and how both ECO and the world adapt to volatile oil prices. 

Want to more easily keep track of the above stocks and more? Then you’ll want to get WallStreetZen Premium. It will give you an unlimited watchlist, access to premium Stock Ideas pages, all the fundamental information you need, and more. It’s the perfect companion for someone who doesn’t want to spend all day looking at charts but still wants to feel confident about their portfolio decisions.

And while world events progress as they do, it can be vital to have important context as to how the market might react, what the long-term trends are, and what you should (and shouldn’t be) concerned about. For this, Zen Investor will be your best friend. With it, you’ll receive regular commentary from our own Steve Reitmeister, who has more than 40 years of investing experience. You’ll also receive access to a model portfolio using Reitmeister’s experience in conjunction with the Zen Ratings system.

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