3 Reasons to Buy UPS Stock Like There's No Tomorrow
United Parcel Service (NYSE: UPS), usually just known by its ticker UPS, has been working through a turnaround. Wall Street hasn't been impressed with its efforts, but in the back half of 2024, the company's performance turned an important corner. Right at that moment, management announced a big change in its relationship with its largest customer, which upset investors anew. Here are three reasons why now is the time to buy this stock.UPS' stock is trading near 52-week lows, down around 20% over the year. The shares have lost half their value since hitting a peak in early 2022. This is an unloved company right now. The dividend yield is up to 4.8%, which is near the highest levels in the company's history. Notably, the yield is higher now than it was during the Great Recession, when the world was concerned that the entire global financial system might collapse. From these perspectives, the stock looks deeply unloved.Image source: Getty Images.Continue reading
United Parcel Service (NYSE: UPS), usually just known by its ticker UPS, has been working through a turnaround. Wall Street hasn't been impressed with its efforts, but in the back half of 2024, the company's performance turned an important corner. Right at that moment, management announced a big change in its relationship with its largest customer, which upset investors anew. Here are three reasons why now is the time to buy this stock.
UPS' stock is trading near 52-week lows, down around 20% over the year. The shares have lost half their value since hitting a peak in early 2022. This is an unloved company right now. The dividend yield is up to 4.8%, which is near the highest levels in the company's history. Notably, the yield is higher now than it was during the Great Recession, when the world was concerned that the entire global financial system might collapse. From these perspectives, the stock looks deeply unloved.
Image source: Getty Images.
