Core Viewpoint - UPS has experienced significant stock decline and operational challenges, while Enterprise Products Partners presents a more stable investment opportunity with strong growth potential and high dividend yield [1][2][7]. UPS Overview - UPS operates in over 200 countries, delivering an average of 22.4 million packages daily and employing nearly half a million people [1]. - The company has been a member of the S&P 500 for 23 years and has raised its dividend annually for 16 consecutive years [1]. Recent Performance of UPS - Over the past two years, UPS's stock has plummeted by more than 50% due to decelerating deliveries, shrinking operating margins, and declining EPS [2]. - In 2023, UPS's revenue declined by 9%, adjusted operating margin shrank by 290 basis points to 10.9%, and EPS plunged by 41% [4]. - For 2024, revenue growth flatlined, adjusted operating margin dropped another 90 basis points to 9.8%, and EPS fell by 13% [4]. Future Projections for UPS - From 2024 to 2027, analysts expect UPS's revenue to grow at a compound annual growth rate (CAGR) of less than 1%, while EPS is projected to grow at a CAGR of 11% [5]. - If UPS matches analysts' estimates and trades at 13 times forward earnings by the beginning of 2027, its stock price could rise about 23% to $119, driving its market cap to just over $100 billion [6]. Enterprise Products Partners Overview - Enterprise Products Partners builds pipelines for transporting natural gas, natural gas liquids, and crude oil, operating over 50,000 miles of pipeline across the U.S. with a combined storage capacity of over 300 million barrels of oil [8]. - As a midstream company, Enterprise generates revenue by charging upstream extraction and downstream refining companies "tolls" to use its pipelines, making it less affected by fluctuating fuel prices [9]. Growth Potential of Enterprise Products Partners - Enterprise is well-insulated from inflation and macro headwinds, benefiting from the Trump Administration's promotion of domestic fossil fuels [10]. - The company is a master limited partnership (MLP), reporting profits in earnings per unit (EPU) and returning most of its EPU to investors as distributions [11]. - From 2014 to 2024, Enterprise's EPU grew at a steady CAGR of 6%, with a current forward distribution of $2.14 per share, equating to a forward yield of 6.9% [12]. Future Projections for Enterprise Products Partners - Analysts expect Enterprise's EPU to continue growing at a CAGR of 6% from 2024 to 2027, driven by pipeline expansions in oil-rich locations [12]. - At $31, Enterprise trades at just 11 times this year's EPU estimate, and if it trades at 15 times forward earnings by Q1 2027, its stock price could rise 53% to nearly $48, boosting its market cap to $102.5 billion [13].

Financial Performance - Revenue for Q3 FY25 reached $22.2 billion, a 2% year-over-year increase[9] - Adjusted operating income for Q3 FY25 was $1.51 billion, a 12% year-over-year increase[9] - Adjusted operating margin for Q3 FY25 was 6.8%, a 60 basis points increase[9] - Adjusted diluted EPS for Q3 FY25 was $4.51, a 17% year-over-year increase[9] Segment Performance - Federal Express revenue increased by 3% to $19.2 billion in Q3 FY25[15] - FedEx Freight revenue decreased by 5% to $2.1 billion in Q3 FY25[15] - DRIVE program delivered $600 million in structural cost savings in Q3[12, 26] Outlook and Capital Allocation - Revised FY25 adjusted diluted EPS outlook to a range of $18.00 - $18.60[12] - FY25 capital expenditure is anticipated to be $4.9 billion, down $300 million year-over-year[32] - Expect to return $3.8 billion to stockholders in FY25 through stock repurchases and dividends[32]

Core Viewpoint - BingEx Limited, a leading on-demand dedicated courier services provider in China, is set to report its fourth quarter and fiscal year 2024 unaudited financial results on March 12, 2025, before U.S. market opening [1] Group 1 - The earnings conference call will take place on March 12, 2025, at 8:00 PM Beijing Time (8:00 AM U.S. Eastern Time) to discuss the financial results [1] - Participants must pre-register for the conference call to receive dial-in numbers and a personal PIN [2] - A live webcast of the conference call will be available on the company's investor relations website, with a replay accessible after the session [2] Group 2 - BingEx Limited is recognized as a pioneer in providing on-demand dedicated courier services in China, branded as "FlashEx" [3] - The company emphasizes superior time certainty, delivery safety, and service quality in its offerings [3] - BingEx aims to enhance people's lives through its services and is committed to delivering a superior customer experience [3]