United Parcel Service: Buy, Sell, or Hold?

The company grew U.S. package volume for the first time in nine quarters, but the stock plunged anyway.United Parcel Service (UPS 1.38%) is trading at multi-year lows after reporting second-quarter earnings, including a shocking drop in operating profits and lowered guidance for 2024. With the stock now more than 40% below its all-time high, investors must decide whether UPS is a bargain or a falling knife.Earnings weren't all bad; management expects them to return to growth later this year, and the company ...