Promising Shipping Stocks To Consider - July 27th

Key Points

• Shopify, Blackstone, and United Parcel Service are highlighted as key shipping stocks to watch, showing high trading volumes recently.
• Shopify's stock is trading around $124.43, with a market capitalization of $161.43 billion and a price-to-earnings ratio of 80.28.
• United Parcel Service reached a trading price of $103.59, maintaining a market cap of $87.72 billion and a price-to-earnings ratio of 15.10.

Shopify, Blackstone, and United Parcel Service are the three Shipping stocks to watch today, according to MarketBeat's stock screener tool. Shipping stocks are shares of publicly traded companies whose primary business is the transportation of goods by sea—such as container lines, bulk-carrier operators or oil and chemical tankers. Their performance is closely tied to global trade volumes, freight-rate fluctuations and operating costs like fuel, making them a cyclical and often high-beta segment of the equity market. 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.

NYSE SHOP traded up $2.35 during mid-day trading on Friday, hitting $124.43. The company's stock had a trading volume of 6,934,211 shares, compared to its average volume of 10,473,647. The company's 50 day simple moving average is $112.05 and its 200 day simple moving average is $105.90. Shopify has a twelve month low of $48.56 and a twelve month high of $129.38. The firm has a market capitalization of $161.43 billion, a price-to-earnings ratio of 80.28, a PEG ratio of 4.82 and a beta of 2.61.

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.

Shares of NYSE BX traded down $0.15 during mid-day trading on Friday, reaching $177.96. 3,595,256 shares of the company's stock were exchanged, compared to its average volume of 4,164,950. The firm has a market capitalization of $129.85 billion, a price-to-earnings ratio of 47.84, a price-to-earnings-growth ratio of 1.60 and a beta of 1.65. Blackstone has a 52 week low of $115.66 and a 52 week high of $200.96. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.74 and a quick ratio of 0.75. The firm has a 50-day moving average price of $149.10 and a two-hundred day moving average price of $150.52.

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.

United Parcel Service stock traded up $1.06 during midday trading on Friday, reaching $103.59. The stock had a trading volume of 5,471,470 shares, compared to its average volume of 4,516,731. The firm's 50-day moving average price is $100.01 and its 200 day moving average price is $107.23. United Parcel Service has a 12 month low of $90.55 and a 12 month high of $145.01. The firm has a market capitalization of $87.72 billion, a PE ratio of 15.10, a P/E/G ratio of 1.99 and a beta of 1.21. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24.

Read Our Latest Research Report on UPS

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