Taking a break from the reviews of earnings reports I thought I would pass along some interesting results for stock returns I am tracking. I am following year-to-date returns for the publicly traded shipping stocks and also break them down by subsectors. Over the last month or so the different sectors have really started separating themselves performance wise. Here is what I have so far, 4.677 months into 2009. Returns are for stock price only unless noted and equal dollar weighted.
- My shipping stock universe, 42 stocks, +4.90%
- Tanker stocks, 18 stocks, -0.60%
- Dry bulk, 11 stocks, +16.63%
- Container and mixed fleet, 8 stocks, -7.01%
- Other shipping (barge & river), 3 stocks, +19.96%
I also have categories for shipping stocks that are paying a continuing dividend and those that have suspended their distributions:
- Dividend paying stocks, 24 stocks, +7.89% plus 6.19% in cash distributions
- Suspended dividends, 11 stocks, +3.31%
Note: SHIP added to suspended div list, missed this earlier in year.
When we reach the half way point of 2009 I will do some more in-depth analysis of the sectors, I just wanted to throw out the numbers today. As a final note here are the best and worst performing stocks Y-T-D from my list: SBLK: +95%, dry bulk, OCNF, -41%, mixed fleet.
The market is now open, I hope you have a profitable day.
2 Comments
Great blog, follow you here and your other blog.
Any chance of you posting the stock symbols in the categories? For example what are the three river and barge stocks?
I am not a fan of $SEA and I like your subsets.
cheers
I’m preparing for the big drop, time to hedge or sell into strength. The Dollar is just falling too fast this week and equities aren’t showing any love.
Here’s hoping I’m wrong…..