UPS Reports Earnings Consolidating a Bear Market Decline

Discussion in 'The Latest UPS Headlines' started by cheryl, Jul 23, 2019.

  1. cheryl

    cheryl I started this. Staff Member

    UPS Reports Earnings Consolidating a Bear Market Decline - Investopedia

    United Parcel Service, Inc. (UPS) is a global package delivery company preparing to report earnings before the open on Wednesday, July 24, with the stock trading just below its all-time intraday high of $135.54 set in January 2018.

    UPS shares closed the first half of 2019 on June 28 at $103.27, which became a key input to my proprietary analytics. Left over from the first half of the year is the annual risky level at $124.81. The risky level for the second half of 2019 is $116.12. The pivot for July is $103.65. The third quarter pivot is $123.20.

    The daily chart shows a "death cross," and the weekly chart has been positive since the week of June 21, when the stock closed at $102.17. Fundamentally, UPS is fairly valued with a P/E ratio of 14.57 and a favorable dividend yield of 3.72%, according to Macrotrends.