Top Shipping Stocks Worth Watching - July 6th

Shopify, Blackstone, and United Parcel Service are the three Shipping stocks to watch today, according to MarketBeat's stock screener tool. Shipping stocks are equity securities of publicly traded companies that own and operate maritime vessels—such as container ships, bulk carriers, tankers, and offshore support vessels. Their share prices tend to track global trade volumes, freight rates, vessel supply and demand imbalances, and broader economic cycles. 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 SHOP stock traded up $2.73 during midday trading on Friday, reaching $117.50. 3,773,554 shares of the company traded hands, compared to its average volume of 9,323,025. The firm's 50 day simple moving average is $106.22 and its two-hundred day simple moving average is $104.73. Shopify has a 1-year low of $48.56 and a 1-year high of $129.38. The firm has a market cap of $152.44 billion, a PE ratio of 75.81, a price-to-earnings-growth ratio of 4.82 and a beta of 2.61.

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.

Shares of Blackstone stock traded up $1.57 during trading on Friday, hitting $155.13. 2,048,009 shares of the company were exchanged, compared to its average volume of 3,857,888. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.67. Blackstone has a fifty-two week low of $115.66 and a fifty-two week high of $200.96. The stock has a market capitalization of $113.19 billion, a price-to-earnings ratio of 46.72, a P/E/G ratio of 1.43 and a beta of 1.65. The firm has a 50 day moving average price of $141.20 and a 200 day moving average price of $151.28.

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 United Parcel Service stock traded down $1.30 during trading on Friday, hitting $104.24. 2,961,254 shares of the company were exchanged, compared to its average volume of 5,227,763. The firm has a 50 day moving average price of $98.83 and a 200 day moving average price of $109.75. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $88.27 billion, a price-to-earnings ratio of 15.20, a P/E/G ratio of 2.01 and a beta of 1.21. United Parcel Service has a fifty-two week low of $90.55 and a fifty-two week high of $148.15.

Read Our Latest Research Report on UPS