Best Shipping Stocks To Consider – May 9th

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 that operate vessels—such as container ships, bulk carriers and tankers—to transport goods by sea. Their performance is driven by factors like global trade volumes, freight rates, fuel costs and geopolitical events. Because shipping is cyclical, these equities can be highly volatile and sensitive to economic upturns or slowdowns. 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 down $2.40 during mid-day trading on Friday, hitting $91.60. 13,502,863 shares of the company’s stock were exchanged, compared to its average volume of 9,263,377. The stock’s 50-day moving average is $93.49 and its 200-day moving average is $102.66. Shopify has a fifty-two week low of $48.56 and a fifty-two week high of $129.38. The company has a market cap of $118.61 billion, a price-to-earnings ratio of 59.10, a P/E/G ratio of 4.82 and a beta of 2.66.

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 $1.03 during trading hours on Friday, hitting $95.92. 3,767,903 shares of the company’s stock were exchanged, compared to its average volume of 5,002,430. The firm has a 50 day moving average of $104.70 and a 200 day moving average of $119.17. The firm has a market cap of $81.93 billion, a P/E ratio of 14.19, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. United Parcel Service has a 12-month low of $90.55 and a 12-month high of $153.42.

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 traded down $0.40 on Friday, hitting $139.41. 2,468,484 shares of the company were exchanged, compared to its average volume of 3,768,803. The company has a current ratio of 0.67, a quick ratio of 0.71 and a debt-to-equity ratio of 0.61. The company has a market cap of $101.72 billion, a price-to-earnings ratio of 38.40, a price-to-earnings-growth ratio of 1.07 and a beta of 1.67. The firm has a 50-day moving average price of $137.09 and a two-hundred day moving average price of $162.47. Blackstone has a twelve month low of $115.66 and a twelve month high of $200.96.

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 CARR stock traded up $0.68 during trading hours on Friday, reaching $71.18. 4,294,204 shares of the stock were exchanged, compared to its average volume of 4,538,176. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. Carrier Global has a 12-month low of $54.22 and a 12-month high of $83.32. The firm has a market capitalization of $61.02 billion, a P/E ratio of 11.33, a P/E/G ratio of 2.01 and a beta of 1.33. The business’s fifty day moving average is $63.53 and its two-hundred day moving average is $68.08.

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 Etsy stock traded down $1.00 during trading on Friday, hitting $46.86. 2,356,579 shares of the stock were exchanged, compared to its average volume of 3,850,242. The stock has a market cap of $4.89 billion, a price-to-earnings ratio of 19.77, a price-to-earnings-growth ratio of 2.57 and a beta of 1.78. The firm’s 50-day moving average price is $45.50 and its 200 day moving average price is $50.95. Etsy has a 12-month low of $40.05 and a 12-month high of $66.93.