Top Shipping Stocks To Follow Now - August 3rd

Key Points

• Top shipping stocks to monitor include Shopify, United Parcel Service (UPS), Blackstone, Carrier Global, and Etsy, reflecting high dollar trading volume recently.
• Shopify's stock traded down to $118.60, with a market cap of $153.87 billion and a P/E ratio of 76.52, indicating a significant valuation compared to its earnings.
• United Parcel Service's (UPS) stock reached $84.54, showing a market cap of $71.59 billion and a P/E ratio of 12.58, suggesting relatively lower valuation compared to its peers in the shipping sector.

Shopify, United Parcel Service, Blackstone, Carrier Global, and Etsy are the five Shipping stocks to watch today, according to MarketBeat's stock screener tool. Shipping stocks are shares of publicly traded companies whose primary business is the maritime transportation of goods—ranging from dry bulk and container vessels to tankers and specialized ships. Their performance is closely tied to global trade volumes, freight‐rate fluctuations, fuel costs, port congestion, and geopolitical developments affecting sea lanes. 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.

SHOP stock traded down $3.61 on Friday, hitting $118.60. The company had a trading volume of 9,876,820 shares, compared to its average volume of 10,362,981. Shopify has a 12-month low of $48.56 and a 12-month high of $129.38. The stock's 50-day simple moving average is $113.90 and its 200 day simple moving average is $106.57. The stock has a market cap of $153.87 billion, a price-to-earnings ratio of 76.52, a P/E/G ratio of 4.82 and a beta of 2.61.

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.

UPS stock traded down $1.62 during midday trading on Friday, reaching $84.54. 11,258,979 shares of the company's stock traded hands, compared to its average volume of 6,969,219. The stock's 50-day moving average is $99.32 and its 200 day moving average is $105.99. The stock has a market cap of $71.59 billion, a P/E ratio of 12.58, a PEG ratio of 1.53 and a beta of 1.12. United Parcel Service has a 52-week low of $84.28 and a 52-week high of $145.01. The company has a current ratio of 1.32, a quick ratio of 1.09 and a debt-to-equity ratio of 1.51.

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.

NYSE BX traded down $2.54 on Friday, hitting $170.42. 3,662,374 shares of the stock were exchanged, compared to its average volume of 3,887,348. 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 firm has a market capitalization of $124.35 billion, a P/E ratio of 45.81, a P/E/G ratio of 1.39 and a beta of 1.70. The stock has a fifty day moving average price of $152.55 and a two-hundred day moving average price of $150.68. Blackstone has a 52-week low of $115.66 and a 52-week high of $200.96.

Read Our Latest Research Report on BX

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.

Shares of NYSE CARR traded down $1.72 during trading hours on Friday, reaching $66.90. The stock had a trading volume of 5,450,797 shares, compared to its average volume of 4,818,715. The company has a current ratio of 1.17, a quick ratio of 0.83 and a debt-to-equity ratio of 0.76. The firm has a market cap of $56.93 billion, a price-to-earnings ratio of 14.58, a P/E/G ratio of 1.83 and a beta of 1.26. The business's fifty day moving average price is $73.35 and its two-hundred day moving average price is $68.33. Carrier Global has a 52-week low of $54.22 and a 52-week high of $83.32.

Read Our Latest Research Report on CARR

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 NASDAQ ETSY traded up $0.50 during trading hours on Friday, reaching $58.77. The stock had a trading volume of 4,639,839 shares, compared to its average volume of 5,269,765. The firm has a market cap of $5.82 billion, a price-to-earnings ratio of 47.40, a P/E/G ratio of 3.18 and a beta of 1.73. The business's fifty day moving average price is $56.91 and its two-hundred day moving average price is $51.44. Etsy has a 52-week low of $40.05 and a 52-week high of $68.45.

Read Our Latest Research Report on ETSY

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