UPS' historically high yield is a compelling passive income opportunity.United Parcel Service (UPS 1.38%) plummeted over 12% on Tuesday in response to worse-than-expected second-quarter 2024 earnings and weak guidance. Even after a late-week recovery, the shipping giant's stock is treading water around a four-year low. The sell-off, combined with sizable dividend raises in recent years, has pushed UPS' yield above 5%, the highest in company history. Here's what's driving the sell-off, and why now could be a ...

The logistics company's second-quarter results left a lot to be desired, but there's still a value case to be made for the stock.By now, investors who follow UPS (UPS 1.38%) will know that the company delivered a set of second-quarter results on Tuesday that can be best described as "disappointing." The market certainly felt that way -- as of midmorning Wednesday, the stock was down by close to 14% from where it traded before the report came out.The quarter did feature some positives, including a return to ...

z1b Earnings season can be a fantastic time to go bargain hunting, especially on stocks that one has been eyeing for quite some time. What makes this time great for value investors is the "sell first, ask questions later" mentality of Wall Street, based on a short-term mindset in which one risks missing the forest for the trees. While it would be ideal to see a strong earnings report and a drop in share price, that simply isn't going to happen. As Warren Buffett so aptly put it: "You pay for a rosy earnings ...

The transportation sector was jolted by weak results of bellwether United Parcel Service (UPS) on Jul 23, which dampened investors’ mood and compelled them to be cautious about the stock and the broader sector.UPS Soft Q2 EarningsThe world's largest package delivery company returned to volume growth in the United States during the second quarter for the first time in nine quarters but failed to deliver enough on a turnaround plan to cut costs and increase volumes (see: all the Industrials ETFs here). The co ...

Key TakeawaysUnited Parcel Service shares dropped more than 12% on Tuesday after the shipping giant posted a steep decline in second-quarter profit and trimmed its outlook, as package deliveries normalize from pandemic-era highs.UPS shares have broken down from a descending triangle, a chart pattern that indicates a continuation of the stock's current downtrend.Amid follow-through selling, UPS shares may encounter support at key chart levels including $125, 103, and $93.A bars pattern that extracts the impu ...

United Parcel Service TodayUPSUnited Parcel Service$127.66 -17.52 (-12.07%) 52-Week Range$124.97▼$192.98Dividend Yield5.11%P/E Ratio18.50Price Target$164.45Add to WatchlistUnited Parcel Service NYSE: UPS turned a corner in Q2, but the odds are high that the rebound won’t start soon or will be vigorous when it does. While volume growth is present, for the first time in over two years, it was weak and offset by other factors that suggest an L-shaped recovery is the best to expect. An L-shaped recovery is mark ...

Key TakeawaysThe S&P 500 fell 0.2% on Tuesday, July 23 as quarterly earnings results from an array of companies took center stage.UPS shares lost ground after the package delivery giant reported lower-than-expected quarterly results and trimmed its full-year guidance.Shares of MSCI soared as recurring revenue growth helped the provider of financial indexes beat quarterly sales and profit estimates. After wavering for much of the day, major U.S. equities indexes slipped in the afternoon to end Tuesday in neg ...

The way consumers want their deliveries is changing. gettyUPS’ shares dived over 13% today based on the company’s report that 2nd quarter earnings were down about 30%. Among other things, UPS said that shippers with “explosive” volumes, said by Reuters to be Chinese discounters Shein and Temu, are choosing lower-cost, less rapid delivery options that are squeezing UPS’ profit.The news also pulled down Fedex stock today by more than 2%.Why Is This Happening?There has been an assumption that the retailer or b ...

Key TakeawaysUPS customers are trading down, another signal from the second-quarter earnings season about the search for value options across the U.S. economy.CFO Brian Dykes said on a conference call that UPS "saw customers shift from air to ground and from ground to SurePost."A range of companies have highlighted both consumer and corporate customers' search for lower-price options for goods and services in recent quarterly reports. United Parcel Service (UPS) customers are trading down, another signal fr ...

Shares of United Parcel Service, Inc. (UPS) declined in pre-market trading on Jul 23, 2024.  The downside was owing to the disappointing second-quarter 2024 results wherein both earnings and revenues lagged the Zacks Consensus Estimate and dull operating margin view for the full year 2024.Quarterly earnings of $1.79 per share missed the Zacks Consensus Estimate of $1.98 and declined 29.5% year over year. Revenues of $21.82 billion fell short of the Zacks Consensus Estimate of $22.31 billion and decreased 1. ...