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Shipping Stocks That Soared After the Election Have Now Tanked

March 15, 2017

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Almost as quickly as it happened, it was gone.

Shortly after Donald Trump was elected president Nov. 8, the stock prices of a slew of shipping companies soared by more than 1000% on hopes that commodity prices would rise and U.S. manufacturing would rebound, spurring a surge in shipments of everything from iron ore to computer parts.

However, analysts say that the hopes are fading, which is apparent in the subsequent decline in share prices.

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