TrendsWide
Contact US
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
No Result
View All Result
Home Economie

3 Best shipping stocks to buy on Black Friday

by souhaib
November 24, 2021
in Economie
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT


You might also like

‘momentum is continuing into 2022’

Astra Space stock closed down 20% on Monday: here’s why

Ripple, Dogecoin, Litecoin price forecast for February 2022

On Wednesday, US package delivery stocks FedEx Corp (NYSE:FDX) and United Parcel Services Inc. (NYSE:UPS) edged slightly lower ahead of Black Friday. 

On the other hand, Germany’s Deutsche Post AG (ETR:DPW), the parent company of DHL, edged slightly higher ahead of the US session. Analysts expect a significant rebound during the holiday season.

FedEx


Are you looking for fast-news, hot-tips and market analysis?

Sign-up for the Invezz newsletter, today.

FedEx said last week it expects record deliveries during the holiday season, predicting a 10% increase from last year. The company missed FQ1 earnings expectation in September whilst beating on revenue. It reports its FQ2 results at the peak of the holiday season.

Therefore, given the management’s optimistic shipment forecast, the stock could rally significantly ahead of the FQ2 results. The stock has recently pulled back to trade at an attractive P/E ratio of 12.95. 

3 Best shipping stocks to buy on Black Friday
Source – TradingView

Technically, FedEx shares seem to have pulled back to complete a downward breakout from an ascending channel formation, thus creating an opportunity for a rebound.

Therefore, although the stock is far from reaching oversold conditions, it may have opened another opportunity for buyers to swoop in.

They could target profits at about $263.25, or higher at $278.11, while $234.96 and $219.61 are crucial support zones.

UPS

Although United Parcel Services shares trade at a higher P/E ratio of about 28.54, the company offers exciting EPS growth prospects of about 16.23% per year over the next five years.

In addition, the company recently declared a quarterly dividend of $1.02 per share, implying a forward yield of 1.95%.

UPS announced earlier this month plans to hire 60,000 seasonal workers ahead of the holiday season, indicating high anticipation for increased activity.

3 Best shipping stocks to buy on Black Friday
Source – TradingView

Technically, United Parcel Services shares seem to be trading within a descending channel formation in the intraday chart. However, the stock recently bounced off the trendline support to surge towards the trendline resistance creating an opportunity for a breakout.

Therefore, investors could target channel breakout profits at about $220.03, or higher at $234.12, while $196.72 and $181.04 are support levels.

Deutsche Post (DHL)

Alternatively, if you are looking for a European-based shipping stock, then DHL could be an exciting option. In the company’s most recent quarter, DHL’s revenue and earnings outperformed earnings expectations, with revenue surging 23% from the same quarter a year ago.

The stock now trades at an exciting P/E ratio of 14.57, making it a compelling option for value inventors. Furthermore, the stock trades at an attractive forward dividend yield of 2.41%. Therefore, it could also gain the attention of dividend investors. 

3 Best shipping stocks to buy on Black Friday
Source – TradingView

Technically, Deutsche Post shares seem to be trading within an ascending channel in the intraday chart. However, it has recently pulled back to find the trendline support, thus creating an opportunity for a rebound.

As a result, investors could target extended gains at about $57.70, or higher at $59.35, while $54.31 and $52.52 are support levels.

Conclusion

In summary, shipping companies could experience a significant spike in stock prices amid an upbeat holiday season.

Therefore, with the likes of UPS and FDX pulling back recently, it could be time to buy ahead of Black Friday.

Where to buy right now

To invest simply and easily, users need a low-fee broker with a track record of reliability. The following brokers are highly rated, recognised worldwide, and safe to use:

  1. Etoro, trusted by over 13m users worldwide. Register here >
  2. Skilling, simple, easy to use and regulated. Register here >



Source link

Share this:

  • Twitter
  • Facebook
  • More
  • Pinterest
  • Telegram
  • Email
Share30Tweet19
Previous Post

Troops capable of going into battle on four separate fronts will fight alongside our allies

Next Post

Cardano On The Brink Of A Notable Plunge, $1 May Be At Stake For ADA Price 2021

souhaib

Recommended For You

‘momentum is continuing into 2022’

by souhaib
February 7, 2022
0

Shares of Chegg Inc (NYSE: CHGG) are up 10% in extended trading on Monday after the student services company said it performed better-than-expected in Q4, despite COVID-19 uncertainty....

Read more

Astra Space stock closed down 20% on Monday: here’s why

by souhaib
February 7, 2022
0

Read more

Ripple, Dogecoin, Litecoin price forecast for February 2022

by souhaib
February 7, 2022
0

The cryptocurrency market is advancing this Monday, and this situation also supports the price of Ripple XRP/USD, Dogecoin DOGE/USD, and Litecoin LTC/USD. Bitcoin is trading above the $44,000...

Read more

Analyst: ‘Apple would be forced into it if Amazon goes after Peloton’

by souhaib
February 7, 2022
0

Read more

Should I buy Uber shares in February 2022?

by souhaib
February 7, 2022
0

Uber Technologies, Inc. (NYSE: UBER) will announce fourth-quarter earnings results this Wednesday, February 09, after the market closes. Uber shares have weakened more than 10% since the beginning...

Read more
Next Post

Cardano On The Brink Of A Notable Plunge, $1 May Be At Stake For ADA Price 2021

No Result
View All Result

Recent Posts

  • NBA PlayOffs 2022: Doncic’s insulting superiority summed up in one play
  • Musk clashes with the head of Twitter in the social network and the action sinks | Economy
  • Abbott, manufacturer of infant milk formula, reaches agreement with the FDA
  • The United States and the European Union want to strengthen their cooperation against Russia
  • The Sao Paulo Stock Exchange extends a positive streak and chains its fourth rise

Browse by Category

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Categories

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Pages

  • Contact US
  • Newsletter
  • Privacy Policy
  • Terms & Conditions

© 2021 - TrendsWide

No Result
View All Result
  • Home
  • Contact US
  • Privacy Policy
  • Trending
  • U.S.
  • Economie
  • Deals
  • Reviews
  • Cryptocurrency
  • Health
  • Life Style
  • NBA

© 2021 - TrendsWide

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.