Seeking Alpha: Diana Shipping: A Strong Momentum Shipping Stock Ahead Of Earnings
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- Diana Shipping has been a relative winner this year and its technical chart suggests more upside.
- The company trades with a cheap valuation and sports a juicy dividend yield.
- A key earnings report Tuesday is a corporate event catalyst to watch.
Shipping stocks have been among the few areas of the stock market that are weathering the volatility well. The pandemic brought about supply disruptions and logistical nightmares, but firms that can actually get products and commodities to commercial customers are worth their weight in gold right now. Diana Shipping (NYSE:DSX) operates as a holding company, which engages in the provision of shipping transportation services through the ownership and operation of dry bulk vessels, according to The Wall Street Journal.
The company’s vessels are employed via long-term charters. What do the ships carry? Key commodities such as iron ore, coal, and grains. Other important materials are transported worldwide, too.