SonicShares Global Shipping ETF

BOAT

Market cap $44.3M

International Seaways' tanker market outlook is positive, driven by strategic fleet management amid global oil demand growth and geopolitical concerns. Maintaining a robust balance sheet with below 15% leverage, enabling flexibility for potential asset acquisitions and shareholder returns.

After a torrid risk-on run in the first quarter of 2024, markets cooled off a bit but ended the half still positive with mid-double-digit returns. Technology themes such as cryptocurrency and artificial intelligence helped propel markets higher.

Technology remained the best-performing sector of the second quarter on the AI drive, while energy lagged.

Wall Street has delivered a moderate performance in the second quarter of 2024. Among the pool of winning ETFs, those employing option strategy yielded smartly and offered substantial gains.

Wall Street was moderately upbeat last week. Notably, NVIDIA stock hit a record but eventually succumbed to a slowdown due to profit booking.

Wall Street has delivered moderate performance in Q2 of 2024, with April being a down month, while May and June stand out as up months.

Wall Street has experienced a robust upswing in May, driven by fresh expectations of Federal Reserve rate reductions at the initial phase of the month, strong corporate profits, and the artificial intelligence (AI) craze. This month, all three principal indexes soared to unprecedented heights.

All three major bourses hit record highs this month, touching new milestones. We have highlighted five best performing ETFs from different corners of the market.

Wall Street has been hovering around a record high.

Shipping disruptions in the Red Sea have led to increased shipping rates in container ships, oil tankers, and dry bulk. Container ships are the most affected trade, followed by oil tankers.