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UPS lifts freight and logistics sector with strong earnings report

seekingalpha2021-04-27

A number of freight, logistics and trucking stocks are tracking higher after a strong earnings report from UPS(UPS+10.2%).

Notable gainers in morning trading include XPO Logistics(XPO+3.2%), Air T(AIRT+1.7%), Covenant Logistics Group(CVLG+10.5%), Yellow Corporation(YELL+6.0%), J.B. Hunt Transports(JBHT+1.1%), USA Truck(USAK+4.0%), U.S. Xpress Enterprises(USX+4.0%), ArcBest(ARCB+2.1%)and Steel Connect(STCN+2.0%).

UPS isn't far from trading over $200 for the first time in its history after the earnings blowout.

"The company crushed our more conservative estimates, as operating leverage in the domestic segment – the key controversy on the stock – was very strong," updates Bernstein analyst David Vernon on the UPS earnings report.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment(81)

  • BellaEng
    ·2021-04-28
    Good
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    • BellaEng: 
      ?
      2021-04-28
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    • SKHan: 
      Yup
      2021-04-28
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  • CL777
    ·2021-04-28
    Overbought 
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  • BroSonSean
    ·2021-04-28
    Nice!
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  • Seuna
    ·2021-04-28
    Like and comment please
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    • CMK30: 
      Ok
      2021-04-28
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  • 兔气扬眉
    ·2021-04-28
    Like and comment pls 
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    • Racheltestin: 
      Comment back pls and like
      2021-04-28
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  • BroSonSean
    ·2021-04-28
    Nice
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  • williamtay
    ·2021-04-28
    Good
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  • Kevin92
    ·2021-04-28
    Nice
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  • Ccl2
    ·2021-04-28
    Pls like and comment 
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    • Segaboy: 
      Comment back pls
      2021-04-28
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    • junfong: 
      hello
      2021-04-28
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  • Lionel_yp
    ·2021-04-28
    Good
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  • Lcc73
    ·2021-04-28
    Pls like n comment
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    • Ccl2: 
      Commeny
      2021-04-28
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    • Lucky03: 
      logistic industry is doing very well during pandemic
      2021-04-28
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  • Fredwkh
    ·2021-04-28
    Like and comment pls 
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    • J1Z1: 
      Like
      2021-04-28
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    • Segaboy: 
      Comment back pls
      2021-04-28
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  • mitz
    ·2021-04-28
    Like and comment 
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    • Segaboy: 
      Comment Back pls
      2021-04-28
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  • Keychain
    ·2021-04-28
    Oh... 
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  • eda
    ·2021-04-28
    pls like and comment. thanks
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    • NARCS: 
      ??
      2021-04-28
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    • MRMR: 
      ok revert too pls
      2021-04-28
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    • Nagoken: 
      what is eda
      2021-04-28
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  • Caseytan
    ·2021-04-28
    Ohh
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  • seanfoo83
    ·2021-04-28
    Looks like more upside to markets this week
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  • CherryPang
    ·2021-04-28
    Oh
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    • KKLee: 
      Errr
      2021-04-28
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  • Tan2heng
    ·2021-04-28
    Like
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    • Tan2hengReplying toHappyCloud: 
      Thx
      2021-04-28
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    • pandajojo: 
      This is no surprise,  as online shopping takes 1st place
      2021-04-28
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    • HappyCloud: 
      Ok
      2021-04-28
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    View more 1 comments
  • MingXuan
    ·2021-04-28
    Hi
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    • KKLee: 
      Yo
      2021-04-28
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    • fysx49: 
      ?
      2021-04-28
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