We recently published Market in Pain? Not For These 10 Celebrating Stocks. Cmb.Tech NV (NYSE:CMBT) is one of the top performers on Tuesday.
Cmb.Tech saw its share prices grow by 10.03 percent on Tuesday to close at $10.20 as investor sentiment was boosted by its inclusion in the S&P Global BMI Index.
Companies being added to benchmark indices typically rally upon inclusion as funds tracking the indices would need to buy their shares to match the index composition, thus pushing share prices higher.
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The S&P Global BMI Index is one of the flagship benchmarks that tracks global market equity performance. It includes stocks from both emerging and developed markets.
Cmb.Tech NV (NYSE:CMBT), on the other hand, is one of the largest, diversified, and future-proof maritime groups in the world with a fleet of about 250 vessels: dry bulk vessels, crude oil tankers, chemical tankers, container vessels, offshore wind vessels, and port vessels.
Cmb.Tech NV (NYSE:CMBT) also offers hydrogen and ammonia fuel to customers, through its own production or third-party producers.
While we acknowledge the potential of CMBT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
