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Promising Shipping Stocks To Follow Now - July 23rd

Shopify logo with Computer and Technology background

Shopify, Blackstone, Carrier Global, United Parcel Service, Canadian National Railway, Etsy, and Equinor ASA are the seven Shipping stocks to watch today, according to MarketBeat's stock screener tool. Shipping stocks are shares of publicly traded companies whose core business is the maritime transport of goods, such as container lines, bulk carriers, tankers and roll-on/roll-off vessels. Their performance is closely tied to global trade volumes, freight‐rate fluctuations and industry‐specific costs like fuel and port fees. As a cyclical segment of the transportation sector, shipping stocks can exhibit significant volatility in response to economic upswings or downturns. 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.

SHOP traded down $1.50 during midday trading on Wednesday, reaching $122.21. 8,449,155 shares of the company were exchanged, compared to its average volume of 9,273,276. The company's fifty day moving average price is $110.52 and its 200 day moving average price is $105.37. Shopify has a one year low of $48.56 and a one year high of $129.38. The company has a market cap of $158.55 billion, a price-to-earnings ratio of 78.85, a price-to-earnings-growth 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 BX stock traded up $2.71 on Wednesday, reaching $172.09. The company's stock had a trading volume of 3,414,600 shares, compared to its average volume of 3,848,382. The stock's 50 day simple moving average is $146.60 and its 200-day simple moving average is $150.39. Blackstone has a 12-month low of $115.66 and a 12-month high of $200.96. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $125.56 billion, a P/E ratio of 51.83, a PEG ratio of 1.50 and a beta of 1.65.

Read Our Latest Research Report on BX

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 up $3.20 during trading hours on Wednesday, hitting $79.62. The company had a trading volume of 6,676,818 shares, compared to its average volume of 4,699,462. Carrier Global has a 52-week low of $54.22 and a 52-week high of $83.32. The firm has a market cap of $68.26 billion, a P/E ratio of 12.32, a P/E/G ratio of 2.07 and a beta of 1.31. The company has a quick ratio of 0.83, a current ratio of 1.20 and a debt-to-equity ratio of 0.78. The stock's 50 day moving average price is $73.11 and its 200 day moving average price is $67.87.

Read Our Latest Research Report on CARR

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 up $2.39 during trading on Wednesday, reaching $103.53. The company's stock had a trading volume of 5,073,148 shares, compared to its average volume of 5,275,281. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $87.67 billion, a PE ratio of 15.09, a price-to-earnings-growth ratio of 1.90 and a beta of 1.21. The firm's 50 day simple moving average is $99.85 and its two-hundred day simple moving average is $107.91. United Parcel Service has a 12 month low of $90.55 and a 12 month high of $145.01.

Read Our Latest Research Report on UPS

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.

Shares of NYSE:CNI traded down $3.88 during trading on Wednesday, reaching $96.49. 4,182,719 shares of the company's stock traded hands, compared to its average volume of 1,358,672. The firm has a market cap of $60.45 billion, a PE ratio of 18.81, a P/E/G ratio of 1.99 and a beta of 0.97. Canadian National Railway has a fifty-two week low of $91.65 and a fifty-two week high of $122.06. The company has a 50-day simple moving average of $104.62 and a 200-day simple moving average of $101.67. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 0.88.

Read Our Latest Research Report on CNI

Etsy (ETSY)

Etsy, Inc., together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers in the United States, the United Kingdom, Germany, Canada, Australia, and France. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers. The company also offers Reverb, a musical instrument marketplace; Depop, a fashion resale marketplace; and Elo7, a Brazil-based marketplace for handmade and unique items.

Shares of ETSY stock traded down $0.83 during trading hours on Wednesday, hitting $62.86. The company's stock had a trading volume of 4,274,900 shares, compared to its average volume of 4,373,810. The stock has a market cap of $6.56 billion, a price-to-earnings ratio of 44.90, a P/E/G ratio of 3.32 and a beta of 1.74. Etsy has a twelve month low of $40.05 and a twelve month high of $66.18. The business has a fifty day moving average of $54.62 and a 200-day moving average of $51.01.

Read Our Latest Research Report on ETSY

Equinor ASA (EQNR)

Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and other forms of energy in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; Renewables; and Other segments.

Shares of NYSE EQNR traded up $0.34 during midday trading on Wednesday, reaching $25.94. The company's stock had a trading volume of 9,193,995 shares, compared to its average volume of 3,812,760. The company has a current ratio of 1.37, a quick ratio of 1.27 and a debt-to-equity ratio of 0.50. The company has a 50 day moving average price of $25.21 and a 200 day moving average price of $24.38. The company has a market cap of $72.43 billion, a price-to-earnings ratio of 8.21, a price-to-earnings-growth ratio of 0.69 and a beta of 0.58. Equinor ASA has a one year low of $21.41 and a one year high of $28.29.

Read Our Latest Research Report on EQNR

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