Jim Cramer Highlights Why UPS Reported “Much Better Than Expected Earnings”

Group 1 - United Parcel Service, Inc. (UPS) announced layoffs of 48,000 employees this year, which significantly contributed to better-than-expected earnings [1] - The stock price of UPS is currently around $87, with potential to rise to $100 following a good quarter, while a bad quarter could drop it back to $80, indicating a volatile risk-reward scenario [2] - Despite the potential of UPS as an investment, certain AI stocks are considered to offer greater upside potential and less downside risk [2] Group 2 - UPS provides global package delivery and logistics services, including express shipping, freight forwarding, and supply chain management [2] - The company was discussed in Jim Cramer's game plan for the week of October 24, highlighting its mixed performance in the stock market [2] - The article suggests that there are undervalued AI stocks that could benefit from current economic trends, contrasting with UPS's performance [2]