Shipping Stocks To Add to Your Watchlist - August 10th

Key Points

• Shopify, United Parcel Service, and Blackstone are highlighted as the top shipping stocks to watch, based on their high trading volumes recently.
• As of Friday, Shopify's stock was priced at $149.61 with a market cap of $194.10 billion, and it has a significant price-to-earnings ratio of 96.52.
• United Parcel Service's stock traded at $86.65, showing a market cap of $73.38 billion and a price-to-earnings ratio of 12.89, reflecting strong operational performance.

Shopify, United Parcel Service, and Blackstone are the three Shipping stocks to watch today, according to MarketBeat's stock screener tool. Shipping stocks are shares in companies that own or operate maritime vessels used to transport cargo—such as containers, bulk commodities or oil—and sometimes passengers. Their performance is highly cyclical, reflecting global trade volumes, freight-rate swings, vessel supply-and-demand balances, fuel costs and regulatory changes. 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 NYSE:SHOP traded down $1.46 during trading hours on Friday, reaching $149.61. The stock had a trading volume of 9,567,891 shares, compared to its average volume of 10,552,143. The firm's 50 day moving average is $117.50 and its 200-day moving average is $107.86. The stock has a market capitalization of $194.10 billion, a price-to-earnings ratio of 96.52, a P/E/G ratio of 4.82 and a beta of 2.63. Shopify has a 1 year low of $65.86 and a 1 year high of $156.85.

Read Our Latest Research Report on SHOP

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 $0.16 during midday trading on Friday, hitting $86.65. 6,275,090 shares of the company's stock were exchanged, compared to its average volume of 8,095,052. United Parcel Service has a 12-month low of $84.28 and a 12-month high of $145.01. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.09 and a current ratio of 1.32. The stock has a market cap of $73.38 billion, a price-to-earnings ratio of 12.89, a price-to-earnings-growth ratio of 1.58 and a beta of 1.12. The firm's 50 day simple moving average is $98.23 and its 200 day simple moving average is $104.44.

Read Our Latest Research Report on UPS

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.

Blackstone stock traded up $1.29 during midday trading on Friday, hitting $168.93. 2,278,720 shares of the company's stock were exchanged, compared to its average volume of 3,909,915. Blackstone has a 12-month low of $115.66 and a 12-month high of $200.96. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.75 and a current ratio of 0.74. The stock has a market cap of $123.26 billion, a price-to-earnings ratio of 45.41, a price-to-earnings-growth ratio of 1.38 and a beta of 1.71. The firm's 50 day simple moving average is $155.60 and its 200 day simple moving average is $150.28.

Read Our Latest Research Report on BX

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