Promising Shipping Stocks To Follow Today – May 16th

Shopify, United Parcel Service, Blackstone, Carrier Global, and Expeditors International of Washington are the five Shipping stocks to watch today, according to MarketBeat’s stock screener tool. Shipping stocks are equity shares of companies that own or operate vessels for transporting cargo—such as containers, bulk commodities or oil—across international waters. Their performance is closely tied to global trade volumes, freight‐rate fluctuations, fuel costs and regulatory changes. Investors often use them to gain targeted exposure to the dynamics of maritime commerce. 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 $0.54 on Friday, hitting $110.75. 66,309,517 shares of the stock traded hands, compared to its average volume of 9,569,351. The firm has a market cap of $143.40 billion, a price-to-earnings ratio of 71.45, a PEG ratio of 4.82 and a beta of 2.66. Shopify has a 52 week low of $48.56 and a 52 week high of $129.38. The firm has a 50 day simple moving average of $93.94 and a two-hundred day simple moving average of $103.52.

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 UPS stock traded up $0.85 on Friday, hitting $101.20. 6,293,156 shares of the stock traded hands, compared to its average volume of 5,069,672. The firm has a market cap of $86.44 billion, a price-to-earnings ratio of 14.97, a PEG ratio of 1.55 and a beta of 1.23. The firm has a 50 day simple moving average of $102.66 and a two-hundred day simple moving average of $117.95. United Parcel Service has a 52 week low of $90.55 and a 52 week high of $150.03. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14.

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 $0.07 during trading on Friday, hitting $146.69. 3,753,439 shares of the company traded hands, compared to its average volume of 3,776,737. The company has a market cap of $107.03 billion, a PE ratio of 40.41, a P/E/G ratio of 1.07 and a beta of 1.67. The stock’s 50-day simple moving average is $137.08 and its two-hundred day simple moving average is $161.71. Blackstone has a 1 year low of $115.66 and a 1 year high of $200.96. The company has a current ratio of 0.67, a quick ratio of 0.71 and a debt-to-equity ratio of 0.61.

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 traded up $2.15 during trading on Friday, hitting $75.63. 7,251,898 shares of the company traded hands, compared to its average volume of 4,598,609. The company has a market cap of $64.83 billion, a PE ratio of 12.04, a P/E/G ratio of 2.01 and a beta of 1.33. The stock’s 50-day simple moving average is $64.33 and its two-hundred day simple moving average is $67.97. Carrier Global has a 1 year low of $54.22 and a 1 year high of $83.32. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77.

Expeditors International of Washington (EXPD)

Expeditors International of Washington, Inc., together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.

EXPD traded up $3.10 during trading on Friday, hitting $118.10. 3,288,140 shares of the company traded hands, compared to its average volume of 1,284,029. The company has a market cap of $16.17 billion, a PE ratio of 20.65, a P/E/G ratio of 5.00 and a beta of 1.09. The stock’s 50-day simple moving average is $112.24 and its two-hundred day simple moving average is $114.75. Expeditors International of Washington has a 1 year low of $100.47 and a 1 year high of $131.59.