|Day Low/High||119.27 / 120.92|
|52 Wk Low/High||89.89 / 123.63|
The charts of UPS and rival FedEx are quite different, with the former's technical signals indicating it could head higher.
Both companies are struggling to understand what this competitive e-commerce environment means for future guidance.
As the shipping company reports Tuesday night, headwinds blowing from Amazon and China trade are strong, but there's a chance of an unexpected move to the upside or activist investor news.
Let's talk some about that Stifel downgrade of UPS shares this morning, and let's begin with the following chart: I can't say I disagree with the call given the sharp pop UPS shares experienced last week. Even though we are heading into the seasonal...
Here we go folks, a sampling of this morning's upgrades, downgrades and initiations. I'll be back with some thought on these after I get another cup of my morning fuel (coffee). Upgrades Sprint by UBS from Neutral to Buy with a $10 price target Res...
Watch closely as the government opens a broad antitrust investigation into unidentified leading online technology platforms
United Parcel Service EPS: beat Revs: beat, +3.4% y/y Record profit across all segments Raised guidance AT&T EPS: in line Revs: in line, +15.3% y/y Subscriber losses Raised guidance for free cash flow General Dynamics EPS: beat Revs: beat, +4.0%...
Amazon could, technically, eventually tack on a few hundred more points -- meaning this pricey and risky stock can still pay off.
A subset of tech is expensive, as well as tech IPOs, but the majority of sectors are far from overvalued.
Plus, a look at Ulta Beauty and a possible options play in the retailer.
Plus, many market players don't wait for the Federal Open Market Committee's latest announcement to jump in, and President Trump's latest Xi tweet gooses equities.
Applying a less than normal 16x multiple to FY 2020's estimate would justify a move to $285 by FedEx's stock price over the next 12 to 18 months. Total return could exceed 80% on this very blue-chip name.
Retailers with their own courier services and supply chains could cut out a large chunk of FedEx revenue.
The blockchain effort could be a necessary step towards the future of global shipping and driving down costs.
Then again, the time to buy often ends up being the time when nobody wants to.
FedEx's falling out of favor in China over the Huawei delivery issue could open the door to its foes.
UPS is solidly financed and scores in the top echelons for both stock price stability and earnings predictability.
Portfolio managers are exercising their First Amendment right to do incredibly stupid things.
I have been preaching that we need to stay focused on price action more than anything else. This week was a particularly good illustration of why.
There are still dip buyers jumping on intraday weakness and the indices are staying above key technical levels.
Businesses are spending. If you're making stuff... if you're buying stuff, then the railroads are moving stuff.
Intel is often a more important market leader than the FAANG names.
The Amazon report is going to provide us with some very strong evidence of whether a short term top may be developing.
This quarter is a heavy test for Tilray because of the stock's lofty valuation.
The GPU giant just launched a new mid-range product that has done well in reviews. And it might be prepping a new high-end offering.
Many see the Fed as done for the year. Never assume. Read the words as they are written.
Before I bid everyone here at the Diary good day and plug into the earnings reports and corresponding conference calls I listed in my last post, here are some of the reports hitting the tape Thursday morning that I'll be watching and things I'll be ...
Replacing fear with pragmatism, that is our goal.