Um, speaking of sector impacts, BFA out with a note today looking at the impact of retailers of tariffs on Vietnam. While the levies announced last week put pressure on profits, analysts say the announcement provides some certainty ahead of the holiday order season. Joining us all here on set is the analyst behind the note, Lorine Hutchinson.Lorine, great to have you with us. Hi, thanks for having me. Thanks for coming down the block.Welcome you. It's humid outside, so it's it's a trek. Um, in terms of, you ...

Core Insights - United Parcel Service (UPS) is facing significant challenges due to high labor costs and a decline in parcel volumes, impacting its bottom line [1][2] - The company is implementing cost-cutting measures, including offering buyouts to full-time delivery drivers for the first time in its history [2][11] Cost-Cutting Measures - UPS plans to reduce its workforce by 20,000, which is about 4% of its global workforce, and close 73 facilities to streamline operations [3][11] - Compensation and benefits expenses increased by 2.1% year-over-year in 2024, but are expected to decrease by 2.6% in 2025 [3] Impact of Customer Relationships - UPS has decided to reduce business with its largest customer, Amazon, by more than 50% by June 2026, as Amazon was not considered a profitable customer [4][11] Industry Context - FedEx, a competitor, is also cutting costs, including laying off over 480 employees and implementing initiatives like DRIVE, which is expected to yield significant savings [5][6] - UPS shares have declined over 24% in the past year, underperforming its industry [9] Valuation and Earnings Estimates - UPS trades at a 12-month forward price-to-earnings ratio of 13.91X, which is considered expensive compared to industrial levels [10] - The Zacks Consensus Estimate for UPS' earnings for 2025 and 2026 has been revised downward over the past 30 days [13]

Core Insights - In the current economic climate, new analyst coverage is increasingly valuable for investors navigating volatility, with the Federal Reserve maintaining interest rates and signaling potential cuts in 2025, amid rising concerns about stagflation as GDP growth slows to 1.4% and inflation rises to 3% [1][2] Analyst Coverage Importance - New analyst coverage provides timely insights, updated models, and context on how companies may perform amid inflationary pressures, cost volatility, and weakening demand [2][3] - Analysts possess specialized knowledge and expertise, offering critical insights into a company's financial health, growth potential, competitive standing, and industry trends, which are often difficult for individual investors to acquire independently [3][5] - Coverage initiation on a stock typically indicates higher investor interest, as investors believe that the company under coverage holds significant value [4][6] Market Impact of Analyst Coverage - New analyst coverage can lead to immediate stock price volatility, with positive ratings attracting bullish sentiment and driving share prices higher, while neutral or negative ratings may trigger sell-offs [8] - Favorable coverage from multiple analysts can enhance investor confidence, leading to sustained upward momentum in valuation [8][10] Recent Stock Highlights - Recent analyst coverage on Karooooo Ltd. (KARO), OppFi Inc. (OPFI), QXO, Inc. (QXO), and United Fire Group, Inc. (UFCS) reflects analyst confidence despite economic uncertainty, with each stock seeing recent EPS estimate hikes [10] - Karooooo shares have gained 36.4% in the past three months, with a fiscal 2026 EPS estimate increase to $1.87, indicating 14.7% year-over-year growth [14] - OppFi shares have gained 73.2% in the past three months, with a 2025 EPS estimate increase to $1.23, indicating 29.5% year-over-year growth [15] - QXO shares have gained 78% in the past three months, with a 2025 EPS estimate improving to 39 cents from a loss of 12 cents [16] - United Fire Group shares have gained 9.4% in the past three months, with a 2025 EPS estimate increase to $3.50, indicating a 2.4% year-over-year decline [17] Screening Criteria for Stocks - Stocks with increased analyst coverage and improving average ratings are prioritized, with additional parameters including a stock price greater than or equal to $5 and an average daily volume greater than or equal to 100,000 shares [11][12]

6 July 2025 | 9:31PM EDT Global Markets Analyst The Macro Drivers of Implied Volatility (Rosenberg) Isabella Rosenberg +1(212)357-7628 | isabella.rosenberg@gs.com Goldman Sachs & Co. LLC Investors should consider this report as only a single factor in making their investment decision. For Reg AC certification and other important disclosures, see the Disclosure Appendix, or go to www.gs.com/research/hedge.html. c45a43530f604d12bcb9a82b5aa6b9f6 n FX volatility has declined in recent weeks, alongside more beni ...

What are we hearing from the BRICS nations on the tariffs that Trump is suggesting. Well to begin with, I mean, there is a reference to tariffs and, you know, tariffs, unilateral tariffs that is upending global trade, that finds mention in the BRICS leader's declaration. It doesn't, of course, mention the United States, but it just says that tariffs are unilaterally imposed.Tariffs are creating problems, headwinds for developing nations in the global South. That is one mention that is. But having said that, ...

Is the dollar resting, or nailed to its perch? @johnauthers writes that tariff uncertainty must end to see if there's still life in the greenback (via @opinion) https://t.co/EUkvQnNK1Y ...

Streetwise: Uncertainty is usually the enemy of investment. This year not so much, James Mackintosh writes. https://t.co/r1jlMCkVAk ...

Nassim Nicholas Taleb on how to live a good life in an age of uncertainty https://t.co/GxqJUcRB1H ...

The trade headlines overnight have caused that kind of volatility, haven't they. They've caused some concern in Asia about the levels that we are ultimately going to see on the trade front. Well, it was a it was a reasonably sizable reaction, but not a big reaction.Are we getting immune to the trade headlines. Is is that maybe what the take away from today should be. Yes, we're worried about it, but we're not as worried as we were on Liberation Day. We're not getting the kind of volatility as we did that.No ...

German factory orders dropped for the first time in four months as businesses at home were wary of committing to large investments before uncertainty over trade with the US is resolved https://t.co/PI6taon7mn ...