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Shipping Stocks To Watch Today - September 1st

Shopify logo with Computer and Technology background

Key Points

  • Shipping stocks to watch today include Shopify, United Parcel Service, and Carrier Global, which had the highest trading volumes recently.
  • Shopify provides a comprehensive commerce platform that spans multiple sales channels, enhancing merchant capabilities across various regions.
  • United Parcel Service specializes in package delivery and logistics, operating in both domestic and international markets.
  • MarketBeat previews top five stocks to own in October.

Shopify, United Parcel Service, and Carrier Global are the three Shipping stocks to watch today, according to MarketBeat's stock screener tool. Shipping stocks are shares of publicly traded companies that own, operate or charter vessels transporting goods by sea. Their performance is driven by global trade volumes, freight rates, vessel supply, fuel costs and regulatory factors. 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.

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.

Read Our Latest Research Report on UPS

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.

Read Our Latest Research Report on CARR

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Should You Invest $1,000 in Shopify Right Now?

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

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