|Bid||174.00 x 800|
|Ask||176.50 x 900|
|Day's Range||168.61 - 171.67|
|52 Week Range||82.00 - 178.01|
|Beta (5Y Monthly)||0.99|
|PE Ratio (TTM)||33.96|
|Forward Dividend & Yield||4.04 (2.40%)|
|Ex-Dividend Date||Aug 21, 2020|
|1y Target Est||N/A|
On CNBC's "Fast Money Halftime Report," Josh Brown spoke about UBS's bullish call on United Parcel Service, Inc. (NYSE: UPS). UBS upgraded the stock to Buy with a price target of $214.Brown doesn't own the stock, but he kind of likes it. He likes the fundamentals better than the technicals. He said the last couple of days were not kind to UPS, but the buyers stepped in when the stock reached its rising 50-day moving average, at $165. Brown explained that it's important that stocks respect their uptrends, even in a volatile market.The negative is that the momentum is rolling over, said Brown. He is concerned because the RSI 14 index is around 40, which is a no man's land. He sees that as a sign that enthusiasm has started to decline.From the investment perspective, Brown really likes the stock and he would own it, but he warned viewers that they have to be able to get past whatever might happen in the next month or two.See more from Benzinga * Click here for options trades from Benzinga * 'Fast Money Halftime Report' Picks For October 27 * Cramer Gives His Opinion On Nordstrom, American Airlines And More(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Shares of United Parcel Service Inc. got a boost Tuesday after UBS analyst Thomas Wadewitz turned bullish on the package delivery giant, just one day before earnings were scheduled to be released.
UPS shares were higher after the shipping company said that on Friday it would hire 50,000 seasonal workers. UBS upgraded the stock to buy.