Promising Shipping Stocks To Keep An Eye On – July 5th

Shopify, Blackstone, and United Parcel Service 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, charter or operate vessels transporting goods or passengers by sea. Their market value tends to fluctuate with freight rates, global trade volumes, fleet capacity and fuel costs, making them especially sensitive to economic cycles. Investors often track industry indicators—such as the Baltic Dry Index—and supply-and-demand dynamics in seaborne trade when evaluating these holdings. 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 traded up $2.73 during mid-day trading on Friday, reaching $117.50. The company had a trading volume of 3,773,554 shares, compared to its average volume of 9,311,204. Shopify has a 52-week low of $48.56 and a 52-week high of $129.38. The stock has a market capitalization of $152.44 billion, a P/E ratio of 75.81, a PEG ratio of 4.82 and a beta of 2.63. The stock has a 50 day moving average of $106.22 and a two-hundred day moving average of $104.77.

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.

BX stock traded up $1.57 during mid-day trading on Friday, reaching $155.13. 2,048,009 shares of the company’s stock were exchanged, compared to its average volume of 3,850,287. The company has a market cap of $113.19 billion, a price-to-earnings ratio of 46.72, a price-to-earnings-growth ratio of 1.43 and a beta of 1.65. The stock’s 50 day moving average is $141.20 and its 200 day moving average is $151.42. 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 12-month low of $115.66 and a 12-month high of $200.96.

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 $1.30 during mid-day trading on Friday, reaching $104.24. 2,961,254 shares of the company’s stock were exchanged, compared to its average volume of 5,219,802. The company has a market cap of $88.27 billion, a price-to-earnings ratio of 15.20, a price-to-earnings-growth ratio of 2.01 and a beta of 1.21. The stock’s 50 day moving average is $98.83 and its 200 day moving average is $109.84. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. United Parcel Service has a 12-month low of $90.55 and a 12-month high of $148.15.