Promising Shipping Stocks To Consider – November 5th

Viking, Golar LNG, and Pitney Bowes are the three Shipping stocks to watch today, according to MarketBeat’s stock screener tool. “Shipping stocks” are shares of companies involved in maritime transport and related services—such as vessel owners/operators (container, bulk, tanker), shipbuilders, and marine logistics firms—whose earnings depend on the movement of goods by sea. Investors watch these stocks for sensitivity to global trade volumes, freight-rate cycles, fuel and charter costs, and regulatory or geopolitical events that can cause large swings in revenue and vessel values. These companies had the highest dollar trading volume of any Shipping stocks within the last several days.

Viking (VIK)

Viking Holdings Ltd engages in the passenger shipping and other forms of passenger transport in North America, the United Kingdom, and internationally. It operates through River and Ocean segments. The company also operates as a tour entrepreneur for passengers and related activities in tourism. As of December 31, 2023, it operated a fleet of 92 ships, including 81 river vessels comprising 58 Longships, 10 smaller classes based on the Longship design, 11 other river vessels, and 1 river vessel charter and the Viking Mississippi; 9 ocean ships; and 2 expedition ships.

Golar LNG (GLNG)

Golar LNG Limited designs, converts, owns, and operates marine infrastructure for the liquefaction of natural gas. The company operates through three segments: FLNG, Corporate and Other, and Shipping. It engages in the regasification, storage, and offloading of liquefied natural gas (LNG); operation of floating liquefaction natural gas (FLNG) vessels or projects; transportation of LNG carriers; and vessel management activities.

Pitney Bowes (PBI)

Pitney Bowes Inc., a shipping and mailing company, provides technology, logistics, and financial services to small and medium-sized businesses, large enterprises, retailers, and government clients in the United States and internationally. It operates through Global Ecommerce, Presort Services, and SendTech Solutions segments.