Is UPS Stock a Buy Now?
The blue chip shipping courier could be turning a corner.
UPS (NYSE: UPS) was once considered a stable blue chip stock for income investors. It's one of the world's largest shipping couriers, it's been a member of the S&P 500 for 23 years, and it's raised its dividend annually for 16 consecutive years.
But over the past 12 months, UPS' stock dropped more than 20% as the S&P 500 rose nearly 20%. Let's see why it underperformed the market, and if it's still worth buying today.
Image source: UPS.
