Shopify, Blackstone, United Parcel Service, Rio Tinto, Etsy, Viking, and Carrier Global are the seven Shipping stocks to watch today, according to MarketBeat's stock screener tool. Shipping stocks are shares of publicly traded companies whose primary business is transporting goods by sea, including container lines, bulk carriers and tankers. Their performance is closely tied to global trade volumes, freight rates and operating costs such as fuel and port fees. Because trade flows and shipping capacity can fluctuate markedly, shipping stocks tend to be cyclical and sensitive to economic conditions. 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 up $2.73 during mid-day trading on Friday, reaching $117.50. The company's stock had a trading volume of 3,773,554 shares, compared to its average volume of 9,311,204. The stock has a market capitalization of $152.44 billion, a P/E ratio of 75.81, a P/E/G ratio of 4.82 and a beta of 2.63. Shopify has a 1-year low of $48.56 and a 1-year high of $129.38. The stock has a 50-day moving average of $105.81 and a two-hundred day moving average of $104.78.
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 traded up $1.57 during trading on Friday, reaching $155.13. The company's stock had a trading volume of 2,048,009 shares, compared to its average volume of 3,850,287. 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 firm has a fifty day simple moving average of $140.75 and a two-hundred day simple moving average of $151.62. The company has a market cap of $113.19 billion, a price-to-earnings ratio of 46.72, a PEG ratio of 1.41 and a beta of 1.65. Blackstone has a 1 year low of $115.66 and a 1 year high of $200.96.
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 $1.30 during midday trading on Friday, hitting $104.24. The company had a trading volume of 2,961,254 shares, compared to its average volume of 5,219,802. United Parcel Service has a twelve month low of $90.55 and a twelve month high of $148.15. The stock has a market cap of $88.27 billion, a price-to-earnings ratio of 15.20, a price-to-earnings-growth ratio of 1.86 and a beta of 1.21. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. The business's 50-day simple moving average is $98.70 and its 200-day simple moving average is $110.00.
Read Our Latest Research Report on UPS
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.
NYSE:RIO traded down $1.24 during trading hours on Friday, hitting $58.94. The company had a trading volume of 4,409,472 shares, compared to its average volume of 3,046,775. Rio Tinto has a 1 year low of $51.67 and a 1 year high of $72.08. The company has a market cap of $73.91 billion, a P/E ratio of 9.14 and a beta of 0.66. The company has a 50-day moving average of $59.59 and a 200 day moving average of $60.06. The company has a current ratio of 1.63, a quick ratio of 1.13 and a debt-to-equity ratio of 0.23.
Read Our Latest Research Report on RIO
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 up $1.44 on Friday, hitting $54.40. 4,307,775 shares of the stock traded hands, compared to its average volume of 4,308,567. Etsy has a twelve month low of $40.05 and a twelve month high of $66.81. The firm's 50-day moving average price is $51.64 and its two-hundred day moving average price is $50.85. The stock has a market capitalization of $5.67 billion, a PE ratio of 38.86, a PEG ratio of 2.91 and a beta of 1.74.
Read Our Latest Research Report on ETSY
Viking (VIK)
Viking Holdings Ltd engages in the passenger shipping and other forms of passenger transport in North America, the United Kingdom, and internationally. It operates through River and Ocean segments. The company also operates as a tour entrepreneur for passengers and related activities in tourism. As of December 31, 2023, it operated a fleet of 92 ships, including 81 river vessels comprising 58 Longships, 10 smaller classes based on the Longship design, 11 other river vessels, and 1 river vessel charter and the Viking Mississippi; 9 ocean ships; and 2 expedition ships.
VIK stock traded up $1.00 during trading on Friday, reaching $55.56. 2,339,820 shares of the stock were exchanged, compared to its average volume of 2,624,588. The firm has a market capitalization of $24.62 billion, a price-to-earnings ratio of 45.17, a P/E/G ratio of 0.67 and a beta of 2.38. The business has a 50 day moving average price of $46.64 and a 200-day moving average price of $45.21. Viking has a 1 year low of $30.56 and a 1 year high of $55.77.
Read Our Latest Research Report on VIK
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.
Carrier Global stock traded up $0.03 during mid-day trading on Friday, hitting $75.29. The company's stock had a trading volume of 1,423,418 shares, compared to its average volume of 4,676,303. The stock's fifty day moving average is $71.17 and its two-hundred day moving average is $67.32. The company has a current ratio of 1.20, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $64.55 billion, a PE ratio of 11.65, a price-to-earnings-growth ratio of 2.08 and a beta of 1.31. Carrier Global has a 1 year low of $54.22 and a 1 year high of $83.32.
Read Our Latest Research Report on CARR
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Shopify, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Shopify wasn't on the list.
While Shopify currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
