Here's Why Shares in UPS Are Lower Today
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Shares in UPS fell 3.4% following a significant decline in FedEx's stock, which dropped 9.26% after disappointing earnings and a lowered revenue outlook. FedEx's CFO highlighted ongoing weakness in the U.S. industrial economy, impacting demand for business-to-business services. This trend may negatively affect UPS's margins, particularly in higher-margin deliveries. Investors should brace for short-term challenges, but UPS's long-term growth potential remains promising, making it a stock to consider buying on weakness.
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