Shipping Stocks To Consider - July 2nd

Shopify, Rio Tinto, and Blackstone are the three Shipping stocks to watch today, according to MarketBeat's stock screener tool. Shipping stocks are equity securities of companies that transport goods by sea. They include operators of container ships, bulk carriers, oil and LNG tankers and other specialized vessels, whose revenues depend on freight‐rate fluctuations and global trade volumes. As a cyclical sector, shipping stocks are sensitive to ship supply and demand balances, fuel costs and economic or 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 Shopify stock traded up $2.12 during trading on Wednesday, hitting $114.79. 6,127,937 shares of the stock traded hands, compared to its average volume of 9,301,540. The firm has a market cap of $148.93 billion, a P/E ratio of 74.06, a price-to-earnings-growth ratio of 4.82 and a beta of 2.63. The stock's fifty day simple moving average is $104.89 and its 200 day simple moving average is $104.70. Shopify has a 52-week low of $48.56 and a 52-week high of $129.38.

Read Our Latest Research Report on SHOP

Rio Tinto (RIO)

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting.

Rio Tinto stock traded up $1.83 during mid-day trading on Wednesday, reaching $60.13. 7,209,203 shares of the company were exchanged, compared to its average volume of 3,031,967. Rio Tinto has a 12-month low of $51.67 and a 12-month high of $72.08. The business has a fifty day moving average of $59.64 and a 200 day moving average of $60.08. The firm has a market cap of $75.40 billion, a P/E ratio of 9.32 and a beta of 0.66. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.13 and a current ratio of 1.63.

Read Our Latest Research Report on RIO

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 Blackstone stock traded up $0.78 on Wednesday, reaching $153.55. The stock had a trading volume of 2,649,956 shares, compared to its average volume of 3,844,150. The stock has a market capitalization of $112.04 billion, a P/E ratio of 46.25, a P/E/G ratio of 1.37 and a beta of 1.65. Blackstone has a 1 year low of $115.66 and a 1 year 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 50 day moving average price of $139.81 and a 200 day moving average price of $151.83.

Read Our Latest Research Report on BX

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