Top Shipping Stocks To Consider - July 3rd

Shopify, Blackstone, United Parcel Service, Rio Tinto, and Etsy are the five Shipping stocks to watch today, according to MarketBeat's stock screener tool. Shipping stocks are equity shares of publicly traded companies that own, operate or lease vessels—such as container ships, tankers, or bulk carriers—for maritime transport of goods. Their market value and dividends tend to fluctuate with global trade volumes, freight‐rate movements and the cyclical balance between vessel supply and demand. 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 $2.73 during trading hours on Thursday, reaching $117.50. The company's stock had a trading volume of 3,750,167 shares, compared to its average volume of 9,289,687. The stock's fifty day simple moving average is $105.37 and its two-hundred day simple moving average is $104.77. The company 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 one year low of $48.56 and a one year high of $129.38.

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.

NYSE:BX traded up $1.57 during trading hours on Thursday, hitting $155.13. 2,047,873 shares of the company traded hands, compared to its average volume of 3,843,324. Blackstone has a one year low of $115.66 and a one 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 market cap of $113.19 billion, a PE ratio of 46.72, a PEG ratio of 1.40 and a beta of 1.65. The firm's 50-day simple moving average is $140.34 and its 200-day simple moving average is $151.85.

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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 United Parcel Service stock traded down $1.30 during trading hours on Thursday, hitting $104.24. 2,959,131 shares of the company's stock traded hands, compared to its average volume of 5,205,134. The stock has a market capitalization of $88.27 billion, a price-to-earnings ratio of 15.20, a PEG ratio of 1.84 and a beta of 1.21. United Parcel Service has a 12-month low of $90.55 and a 12-month high of $148.15. 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 company has a fifty day simple moving average of $98.59 and a 200-day simple moving average of $110.17.

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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 Thursday, reaching $58.94. 4,399,305 shares of the company were exchanged, compared to its average volume of 3,042,684. The stock has a market capitalization of $73.91 billion, a P/E ratio of 9.14 and a beta of 0.66. The company has a quick ratio of 1.13, a current ratio of 1.63 and a debt-to-equity ratio of 0.23. Rio Tinto has a 1 year low of $51.67 and a 1 year high of $72.08. The business's 50 day simple moving average is $59.64 and its 200-day simple moving average is $60.08.

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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 Thursday, reaching $54.40. 4,299,525 shares of the company traded hands, compared to its average volume of 4,295,896. The company has a 50 day moving average of $51.46 and a 200 day moving average of $50.90. Etsy has a 52 week low of $40.05 and a 52 week high of $66.81. The firm has a market capitalization of $5.67 billion, a PE ratio of 38.86, a PEG ratio of 2.82 and a beta of 1.74.

Read Our Latest Research Report on ETSY