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Promising Shipping Stocks To Add to Your Watchlist - July 19th

Shopify logo with Computer and Technology background

Shopify, Blackstone, United Parcel Service, Carrier Global, and Canadian National Railway are the five Shipping stocks to watch today, according to MarketBeat's stock screener tool. Shipping stocks are equity shares of companies that own, operate or manage vessels transporting goods and commodities by sea, including container ships, bulk carriers and oil tankers. Their market performance is closely tied to global trade volumes, freight rates, fuel costs and regulatory changes, making them cyclical and often more volatile than broader benchmarks. These companies had the highest dollar trading volume of any Shipping stocks within the last several days.

Shopify (SHOP)

Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.

Shares of SHOP traded up $0.32 during trading hours on Friday, reaching $127.07. The company had a trading volume of 8,468,342 shares, compared to its average volume of 9,278,036. The company has a market capitalization of $164.86 billion, a price-to-earnings ratio of 81.98, a PEG ratio of 4.82 and a beta of 2.61. Shopify has a 12-month low of $48.56 and a 12-month high of $129.38. The firm has a 50 day simple moving average of $110.52 and a 200-day simple moving average of $105.39.

Read Our Latest Research Report on SHOP

Blackstone (BX)

Blackstone Inc. is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage companies. It also provide capital markets services.

BX stock traded down $3.63 during midday trading on Friday, hitting $168.86. 4,127,243 shares of the stock were exchanged, compared to its average volume of 3,869,201. Blackstone has a fifty-two week low of $115.66 and a fifty-two week high of $200.96. The stock has a market cap of $123.21 billion, a price-to-earnings ratio of 50.86, a PEG ratio of 1.56 and a beta of 1.65. The stock's 50-day moving average price is $146.60 and its 200-day moving average price is $150.70. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.75 and a current ratio of 0.75.

Read Our Latest Research Report on BX

United Parcel Service (UPS)

United Parcel Service, Inc., a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.

Shares of NYSE:UPS traded down $0.29 on Friday, hitting $99.21. The company had a trading volume of 4,569,313 shares, compared to its average volume of 5,264,897. The company has a market cap of $84.01 billion, a PE ratio of 14.46, a PEG ratio of 1.91 and a beta of 1.21. The business has a 50 day moving average of $99.85 and a 200 day moving average of $108.14. United Parcel Service has a 52-week low of $90.55 and a 52-week high of $146.17. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24.

Read Our Latest Research Report on UPS

Carrier Global (CARR)

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: HVAC, Refrigeration, and Fire & Security.

Shares of CARR traded down $0.25 during trading hours on Friday, hitting $76.68. The stock had a trading volume of 5,031,716 shares, compared to its average volume of 4,682,744. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 1.20. Carrier Global has a 12-month low of $54.22 and a 12-month high of $83.32. The company's fifty day simple moving average is $73.11 and its 200 day simple moving average is $67.87. The firm has a market cap of $65.74 billion, a P/E ratio of 11.87, a P/E/G ratio of 2.10 and a beta of 1.31.

Read Our Latest Research Report on CARR

Canadian National Railway (CNI)

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.

NYSE:CNI traded down $2.33 during mid-day trading on Friday, hitting $99.50. The company had a trading volume of 2,900,107 shares, compared to its average volume of 1,337,591. The business has a fifty day simple moving average of $104.62 and a 200-day simple moving average of $101.67. The firm has a market capitalization of $62.33 billion, a price-to-earnings ratio of 19.40, a PEG ratio of 2.04 and a beta of 0.97. The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 0.88. Canadian National Railway has a 1 year low of $91.65 and a 1 year high of $122.19.

Read Our Latest Research Report on CNI

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