Top Shipping Stocks To Follow Today - June 30th

Shopify, Blackstone, United Parcel Service, Carrier Global, and Etsy are the five Shipping stocks to watch today, according to MarketBeat's stock screener tool. Shipping stocks are shares of companies engaged in the maritime transport of goods, including container lines, bulk carriers, tankers and offshore vessels. Their performance is closely tied to global trade volumes, freight rates and fuel costs, making them sensitive to economic cycles and geopolitical events. Investors often monitor industry‐specific indexes and charter rates to gauge shipping stocks’ outlook. 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 $1.68 on Monday, hitting $115.33. The stock had a trading volume of 5,494,952 shares, compared to its average volume of 9,323,135. The company has a market capitalization of $149.63 billion, a price-to-earnings ratio of 74.41, a price-to-earnings-growth ratio of 4.82 and a beta of 2.63. The firm's 50 day moving average price is $103.68 and its 200-day moving average price is $104.64. Shopify has a twelve month low of $48.56 and a twelve month high of $129.38.

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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 NYSE BX traded down $1.54 during midday trading on Monday, hitting $149.57. The stock had a trading volume of 2,338,531 shares, compared to its average volume of 3,843,119. The firm has a market cap of $109.13 billion, a P/E ratio of 45.05, a price-to-earnings-growth ratio of 1.39 and a beta of 1.65. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.75 and a quick ratio of 0.75. Blackstone has a fifty-two week low of $115.66 and a fifty-two week high of $200.96. The company's 50-day simple moving average is $138.66 and its 200 day simple moving average is $152.10.

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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 $0.24 during trading on Monday, hitting $100.94. 2,809,418 shares of the company were exchanged, compared to its average volume of 5,189,380. The firm's fifty day moving average price is $98.18 and its 200 day moving average price is $110.44. The firm has a market capitalization of $85.48 billion, a P/E ratio of 14.71, a price-to-earnings-growth ratio of 1.78 and a beta of 1.22. United Parcel Service has a 1-year low of $90.55 and a 1-year 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.

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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.

CARR stock traded down $0.56 during mid-day trading on Monday, hitting $73.11. 2,500,208 shares of the company were exchanged, compared to its average volume of 4,665,906. The firm has a market cap of $62.68 billion, a P/E ratio of 11.32, a P/E/G ratio of 2.07 and a beta of 1.33. Carrier Global has a 1-year low of $54.22 and a 1-year high of $83.32. The firm's 50 day simple moving average is $69.94 and its 200 day simple moving average is $67.19. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 1.20.

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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.

ETSY traded down $0.45 on Monday, hitting $50.19. 2,730,255 shares of the company were exchanged, compared to its average volume of 4,265,475. The company has a market cap of $5.23 billion, a PE ratio of 35.85, a PEG ratio of 2.79 and a beta of 1.80. Etsy has a 12 month low of $40.05 and a 12 month high of $66.81. The stock's fifty day moving average is $51.09 and its 200-day moving average is $50.95.

Read Our Latest Research Report on ETSY