Shipping Stocks To Follow Now – August 18th

United Parcel Service, Blackstone, and Shopify are the three Shipping stocks to watch today, according to MarketBeat’s stock screener tool. Shipping stocks are equity shares of companies that own and operate maritime vessels—such as container ships, oil tankers, and bulk carriers—to transport goods across global trade routes. Their performance tends to be cyclical and closely tied to freight rates, global economic activity, and shifts in supply and demand for shipping capacity. These companies had the highest dollar trading volume of any Shipping stocks within the last several days.

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 traded down $0.32 during trading on Monday, reaching $86.52. 9,162,812 shares of the company were exchanged, compared to its average volume of 6,445,262. The company’s 50-day moving average is $97.24 and its two-hundred day moving average is $102.73. The company has a market cap of $73.33 billion, a price-to-earnings ratio of 12.88, a P/E/G ratio of 1.62 and a beta of 1.12. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. United Parcel Service has a 12-month low of $84.28 and a 12-month high of $145.01.

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 $2.49 on Monday, hitting $169.13. The company’s stock had a trading volume of 3,907,844 shares, compared to its average volume of 4,230,519. The company has a 50-day simple moving average of $159.05 and a 200 day simple moving average of $149.67. Blackstone has a 1 year low of $115.66 and a 1 year high of $200.96. The company has a market capitalization of $124.66 billion, a PE ratio of 45.47, a PEG ratio of 1.40 and a beta of 1.71. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.74 and a quick ratio of 0.74.

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 $1.64 on Monday, hitting $143.11. The company’s stock had a trading volume of 4,376,804 shares, compared to its average volume of 10,430,189. The company has a 50-day simple moving average of $121.52 and a 200 day simple moving average of $109.02. Shopify has a 1 year low of $65.86 and a 1 year high of $156.85. The company has a market capitalization of $185.67 billion, a PE ratio of 92.33, a PEG ratio of 4.82 and a beta of 2.63.