The Investment Committee give you their top stocks to watch for the second half.
With United Parcel Service stock moving south, we asses the investment worthiness of the stock at current levels.
On Thursday, United Parcel Service (UPS) predicted downbeat 2025 revenue as it cut back service with its largest customer, Amazon, in order to focus on more profitable businesses. The decision will cut Amazon's transported volumes by more than 50% by the second half of 2026.
UPS (NYSE: UPS) recently posted its Q4 results, with revenues missing and earnings exceeding the street estimates. It reported revenue of $25.3 billion and adjusted earnings of $2.75 per share, compared to the consensus estimates of $25.4 billion and $2.53, respectively.
United Parcel Service Inc UPS reported mixed fourth-quarter results on Thursday.
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
UPS shares dove 14% Thursday to $114.90, after the company offered weaker-than-expected financial guidance for 2025.
Morgan Brennan interviews UPS CEO Carol Tomé on the company's strategic shift, reducing its reliance on Amazon while prioritizing profitability and high-growth sectors. They discuss UPS's focus on small and medium-sized businesses (SMBs), healthcare logistics, and international trade, alongside a $1 billion cost-saving initiative.
Major U.S. equities indexes moved higher as a report from the Bureau of Economic Analysis showed consumers continued to spend, despite the slight deceleration in gross domestic product (GDP) growth.
UPS is slashing the amount of Amazon packages it delivers by 50%. Transcript: Conway Gittens: One day after the Federal Reserve held interest rates steady, data released on Thursday shows the economy ended the year without any sign of recession.
Carol Tomé, UPS CEO, joins CNBC's 'The Exchange' with Morgan Brennan to discuss the company's most recent earnings, why UPS is cutting back on Amazon deliveries, and more.
In 2024, UPS achieved significant milestones in its digital transformation and operational efficiency efforts, driven by the evolution of its Digital Access Program (DAP) and use of RFID tagging technology, both of which have played a crucial role in the company's progress.