--- title: "U.S. stock market midday update: PS up 23.27%: Strategic contracts combined with earnings report exceeding expectations, institutions raise ratings" type: "News" locale: "en" url: "https://longbridge.com/en/news/296629489.md" description: "PS rose 23.27%; United Parcel Service rose 0.16%, with a transaction volume of USD 644.2 million; FedEx rose 0.54%, with a transaction volume of USD 561.4 million; Kuehne + Nagel International rose 1.13%, with a transaction volume of USD 191.3 million; Robinson Global Logistics fell 0.40%, with a market value of USD 16.7 billion" datetime: "2026-08-21T14:17:51.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296629489.md) - [en](https://longbridge.com/en/news/296629489.md) - [zh-HK](https://longbridge.com/zh-HK/news/296629489.md) generator: "portal-rs" --- # U.S. stock market midday update: PS up 23.27%: Strategic contracts combined with earnings report exceeding expectations, institutions raise ratings **U.S. Stock Market Midday Update** PS rose 23.27%, with increased trading volume. Based on recent key news: 1. On August 19, PS Company announced strategic cooperation agreements with several large enterprises, significantly boosting its stock price. This cooperation is expected to substantially enhance the company's market share and profitability, leading investors to be optimistic and driving the stock price up by 23.27%. 2. On August 18, PS Company's quarterly financial report showed that its revenue and net profit exceeded market expectations, further strengthening market confidence. The report indicated a 30% year-on-year increase in revenue and a 25% increase in net profit, instilling confidence in investors regarding its future performance. 3. On August 17, analysts raised PS Company's target stock price, believing that its competitive advantage in the industry will continue to expand. Several well-known investment banks upgraded PS's rating from "Hold" to "Buy" and raised the target stock price by 15%, providing strong support for the stock price. The market holds an optimistic view on PS's future performance. **Top Stocks by Industry Trading Volume** United Parcel Service rose 0.16%. Based on recent news: 1. On August 20, FedEx and UPS began refunding customers for tariff refunds. This move is a result of the Supreme Court overturning Trump's tariff policy, and logistics providers have started to phase in refunds of certain taxes, enhancing market confidence in logistics companies and driving stock prices up. 2. On August 19, UPS priced the issuance of $325.11 million in floating-rate senior notes. This move aims to provide funding for general corporate purposes, boosting investor confidence in the company's financial stability and driving stock prices up. 3. On August 18, UPS raised its full-year performance guidance, shifting towards high-profit areas. The company invested $48 million in building temperature-controlled freight facilities and utilized AI to optimize logistics, demonstrating a strategic transformation into high-profit areas, which enhanced market confidence and drove stock prices up. The logistics industry is transforming, the macro economy is stable, and capital inflows are evident. FedEx rose 0.54%. Based on recent key news: 1. On August 21, FedEx announced it would adjust the international package and freight transportation demand surcharges for routes to and from the Middle East, East Africa, India, and sub-Saharan Africa. This adjustment may affect the company's operating costs and profits in these regions. 2. On August 20, FedEx began refunding $800 million in tariff refunds received from the government back to the original paying customers. This move may enhance consumer trust and satisfaction with the company. 3. On August 18, the EU merger regulatory authority approved FedEx's consortium to acquire InPost for $9.2 billion. This transaction will enhance FedEx's competitiveness in the European market. The logistics industry has shown stable performance recently, supported by macroeconomic data for growth. Kangjie International Logistics rose 1.13%, with a trading volume reaching $19.13 million and increased trading volume, with no significant recent news. Trading is active, and capital flows are evident. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation **Stocks Ranked Among the Top in Market Capitalization in the Industry** Robinson Global Logistics fell by 0.40%. Based on recent key news: 1. On August 20, Robinson Global Logistics stated that there is still uncertainty regarding industry recovery through customer pricing. The conflict in the Middle East has driven up core supply chain costs in three categories: polymers, energy, and freight, leading to continued supply constraints of related materials, affecting the company's operations and causing the stock price to decline. The logistics industry is significantly impacted by geopolitical factors ### Related Stocks - [PSIG.US](https://longbridge.com/en/quote/PSIG.US.md) - [UPS.US](https://longbridge.com/en/quote/UPS.US.md) - [FDX.US](https://longbridge.com/en/quote/FDX.US.md) - [EXPD.US](https://longbridge.com/en/quote/EXPD.US.md) - [CHRW.US](https://longbridge.com/en/quote/CHRW.US.md) ## Related News & Research - [PS International gets Nasdaq notice for falling below USD 35 million market value requirement](https://longbridge.com/en/news/295971824.md) - [Is Pershing Square (PS) Fully Valued Following Its Q2 Loss And New Fund Launch?](https://longbridge.com/en/news/296685389.md) - [McDonald’s Just Started Selling Energy Drinks. 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