#9 - United Parcel Service (NYSE:UPS)
United Parcel Service (NYSE: UPS) - Executing a "buying on the dips" strategy requires commitment. Because of some of the best short-term, and even long-term, buying opportunities can be hidden in stock charts that show wild fluctuations. That's the case with UPS. There are many factors such as fuel costs that can have a negative influence on this stock. Not to mention it is in a highly competitive industry with the likes of FedEx and DHL. This means that sometimes the stock can be punished on news that is "just OK" – which seems to be the case after its last earnings report. Analysts were expecting more and as a result, they sent the stock plummeting. To be fair, UPS has short-term challenges, and perhaps their largest challenge is looming in the form of Amazon who is projected to compete directly with FedEx and UPS. But the long-term trend for the stock has been consistently positive and there’s no reason to believe anything different in the near term.
About United Parcel Service
United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.
Read More - Current Price
- $136.35
- Consensus Rating
- Hold
- Ratings Breakdown
- 10 Buy Ratings, 12 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $164.55 (20.7% Upside)
