UPS Stock Could Move After a Presentation. Investors Should Expect Good News. - Barron's
United Parcel Service stock has had an incredible run over the past 15 months. Logistics expertise proved to be incredibly valuable during pandemic. As a result, sales and earnings have exploded at the century-old delivery giant. The company will make a presentation Wednesday to discuss its future. Given the changes in the economy, investors should like what they hear.
UPS (ticker: UPS) stock is up about 26% year to date, better than comparable gains of the S&P 500 and Dow Jones Industrial Average. What’s more, shares have been rising in chucks as the company has consistently blown away Wall Street earnings expectations. UPS stock jumped 14% after the shipper beat second-quarter 2020 earnings expectations by roughly 100%. Shares jumped another 10% after the company blew away first-quarter 2021 earnings expectations by roughly 60%.
Adding it all up, UPS stock is up more than 110% from a 52-week intraday low, and is sitting just below a record high.
United Parcel Service stock has had an incredible run over the past 15 months. Logistics expertise proved to be incredibly valuable during pandemic. As a result, sales and earnings have exploded at the century-old delivery giant. The company will make a presentation Wednesday to discuss its future. Given the changes in the economy, investors should like what they hear.
UPS (ticker: UPS) stock is up about 26% year to date, better than comparable gains of the S&P 500 and Dow Jones Industrial Average. What’s more, shares have been rising in chucks as the company has consistently blown away Wall Street earnings expectations. UPS stock jumped 14% after the shipper beat second-quarter 2020 earnings expectations by roughly 100%. Shares jumped another 10% after the company blew away first-quarter 2021 earnings expectations by roughly 60%.
Adding it all up, UPS stock is up more than 110% from a 52-week intraday low, and is sitting just below a record high.
