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United Parcel Service Inc (NYSE:UPS) shares fell this week after the parcel delivery company's first quarter guidance fell short of market expectations. Shares of UPS were down 5.2% week-over-week at $149 on Thursday afternoon.
There are question marks around the company's guidance. The stock remains a good value based on analyst targets.
UPS has historically had poor total return, returning just 5.2% per year since 2004. The company's cyclical behavior and labor-intensive business model have contributed to its underperformance. Despite these challenges, UPS is focusing on efficiency and growth in healthcare logistics and e-commerce returns, positioning it for long-term success.
Amazon is making it easier for consumers to use its palm payment tool Amazon One. “Until today, customers had to visit a physical location to hover their palm over an Amazon One device to sign up for the service,” the company said in a news release Thursday (March 28).
UPS expects consolidated revenues for 2024 in the $92-$94.5 billion range.
UPS stock fell Tuesday after the company laid out aggressive 2026 financial targets. Investors might not be giving CEO Carol Tome enough credit.
The S&P 500 slipped 0.3% Tuesday after trading higher for most of the session as a rally earlier in the day lost steam. The Nasdaq finished 0.4% lower, while the Dow was little changed.
Stewart Glickman, CFRA Deputy Research Director, joins 'Closing Bell: Overtime' to discuss UPS as the company's stock has its worse day since January.
UPS CEO Carol Tomé discusses the company's growth opportunities and cost-cutting plans. Speaking with Alix Steel and Romaine Bostick on Bloomberg Television, Tomé also comments on the supply chain impact of the collapse of the Francis Scott Key Bridge in Baltimore.
UPS CEO Carol Tomé comments on the potential economic toll of the collapse of the Francis Scott Key Bridge in Baltimore. For more on this story, please see: https://www.bloomberg.com/news/articles/2024-03-26/baltimore-bridge-fallout-to-extend-coast-to-coast-in-cargo-shift