Author: Shaun Pruitt, Zacks

There could be more downside risk ahead.

Quite a few shipping companies have seen their stocks added to the Zacks Rank #1 (Strong Buy) list and are standing out in terms of value.

Its appealing growth prospects and attractive valuation suggests that now is an ideal time to invest.

Shares have now risen over 200% in the last five years and the impressive price performance looks set to continue given the company’s attractive outlook and reasonable valuation. This, combined with an increasing dividend, makes it a very viable option to keep in the portfolio for both growth and value.

Market’s will pay close attention to the results of the world’s most valuable company’s fiscal 3rd quarter on Thursday, August 1.