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The Latest UPS Headlines
UPS Offers Investors Shelter From Coronavirus Rout, Analyst Says
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<blockquote data-quote="cheryl" data-source="post: 4384074" data-attributes="member: 1"><p><strong>UPS Offers Investors Shelter From Coronavirus Rout, Analyst Says - Morningstar</strong></p><p></p><p>United Parcel Service Inc. shares look like a safe place to ride out the Coronavirus outbreak, say Citigroup transportation analysts, partly as more people may hunker down and shop more online.</p><p></p><p>The firm believes that UPS shares, down more than 13% this month compared with a 9% decline for the S&P 500, "have overshot to the downside in the context of Coronavirus fears."</p><p></p><p>One saving grace for UPS is its large exposure to ecommerce, including getting 11.6% of revenue from Amazon.com Inc. The firm notes the trend toward more people shopping online "is somewhat immune from cyclical economic forces and arguably would see growth in a scenario in which U.S. consumers worry about congregating in public spaces, such as grocery stores and shopping malls."</p></blockquote><p></p>
[QUOTE="cheryl, post: 4384074, member: 1"] [B]UPS Offers Investors Shelter From Coronavirus Rout, Analyst Says - Morningstar[/B] United Parcel Service Inc. shares look like a safe place to ride out the Coronavirus outbreak, say Citigroup transportation analysts, partly as more people may hunker down and shop more online. The firm believes that UPS shares, down more than 13% this month compared with a 9% decline for the S&P 500, "have overshot to the downside in the context of Coronavirus fears." One saving grace for UPS is its large exposure to ecommerce, including getting 11.6% of revenue from Amazon.com Inc. The firm notes the trend toward more people shopping online "is somewhat immune from cyclical economic forces and arguably would see growth in a scenario in which U.S. consumers worry about congregating in public spaces, such as grocery stores and shopping malls." [/QUOTE]
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