Recently, Zacks.com users have been paying close attention to UPS (UPS). This makes it worthwhile to examine what the stock has in store.
FDX's cost cuts, stronger leverage and upbeat fiscal second-quarter outlook contrast with UPS' struggles, shaping the parcel giants' diverging prospects.
United Parcel Service stock has fallen a huge 50% from its 2022 highs. Traditional valuation metrics show that UPS' valuation is attractive.
The final trades of the day with CNBC's Melissa Lee and the 'Fast Money' traders.
UPS said it took the step “out of an abundance of caution” and on the recommendation of the jet's manufacturer.
Given the risk of a dividend cut and weak fundamentals, UPS's current valuation is unattractive; investors should proceed with caution. UPS's capital allocation is strained, with dividends and buybacks exceeding free cash flow, risking long-term balance sheet health. Revenue and volume declines limit UPS's ability to drive future cash flow growth despite aggressive cost-cutting.
Zacks.com users have recently been watching UPS (UPS) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
The MD-11 is an old workhorse for FedEx and UPS that has been getting phased out.
A UPS wide-body cargo plane crashed on Tuesday and erupted into a fireball moments after takeoff from the international airport in Louisville, Kentucky, killing seven, including all three aboard, and injuring 11 on the ground, officials said.
The Federal Aviation Administration tweeted that UPS Flight 2976, en route to Honolulu, crashed around 5:15 p.m. EST.
A Honolulu-bound aircraft with three crew members onboard exploded while taking off, the company said.
A UPS plane has crashed near the Louisville airport shortly after takeoff, according to the FAA. UPS Flight 2976 crashed around 5:15 p.m.