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The Zacks Analyst Blog Highlights: United Parcel Service, Landstar System, Danaos Corp. and Canadian Pacific Railway
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For Immediate Release
Chicago, IL – August 21, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: United Parcel Service, Inc. (UPS - Free Report) , Landstar System, Inc. (LSTR - Free Report) , Danaos Corporation (DAC - Free Report) and Canadian Pacific Railway Limited (CP - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
UPS Stock Deserves a Place in Your Portfolio: Here’s Why
United Parcel Service stock is clearly on a tear, having gained 35.5% in the past month compared with the 32.4% appreciation of its industry.
Let’s look into the factors that are working in favor of this Zacks Rank #1 (Strong Buy) stock.
Northward Earnings Estimates: The Zacks Consensus Estimate for current-quarter earnings has been revised 21.8% upward over the past 60 days. For 2020, the consensus mark for earnings has moved 20.4% north in the same time frame. The favorable estimate revisions reflect the confidence of brokers in the stock.
Given the wealth of information at their disposal, it is in the best interest of investors to be guided by the broker advice and the direction of their estimate revisions. This is because the direction of estimate revisions serves as an important pointer when it comes to ascertaining the price of a stock.
Impressive Revenue Growth: The Zacks Consensus Estimate for current-quarter revenues is pegged at $19.95 billion, indicating an 8.9% rise from the year-ago quarter’s reported figure. Similarly, the consensus mark for current-year revenues stands at $80.35 billion, implying an 8.5% increase from the prior-year reported figure.
E-commerce Surge: E-commerce — the method of buying and selling goods and services via a software platform — is witnessing higher demand now amid the pandemic-induced social-distancing protocols, quarantine and lockdowns. This is an uptrend for UPS, which is evident from its second-quarter 2020 results wherein the company fared well on the back of expanded residential delivery volumes amid the coronavirus-led home confinement of people. Notably, business-to-consumer shipments surged 65.2% year over year.
Bullish Industry Rank: The industry, to which UPS belongs, currently has a Zacks Industry Rank of 4 (of 250 plus groups). The favorable rank places the companies in the top 2% of the Zacks industries. Studies show that 50% of a stock price movement is directly tied to the performance of the industry group that it hails from.
In fact, an ordinary stock in a strong group is likely to outperform a great stock in a poor industry. Therefore, taking the industry’s performance into account becomes necessary.
Other Stocks to Consider
Investors interested in the Zacks Transportation sector may also check out some other stocks worth considering like Landstar System, Danaos Corporation and Canadian Pacific Railway, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Landstar System, Danaos and Canadian Pacific have rallied more than 8.1%, 58% and 9.7%, respectively, in the past month.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: United Parcel Service, Landstar System, Danaos Corp. and Canadian Pacific Railway
For Immediate Release
Chicago, IL – August 21, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: United Parcel Service, Inc. (UPS - Free Report) , Landstar System, Inc. (LSTR - Free Report) , Danaos Corporation (DAC - Free Report) and Canadian Pacific Railway Limited (CP - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
UPS Stock Deserves a Place in Your Portfolio: Here’s Why
United Parcel Service stock is clearly on a tear, having gained 35.5% in the past month compared with the 32.4% appreciation of its industry.
Let’s look into the factors that are working in favor of this Zacks Rank #1 (Strong Buy) stock.
Northward Earnings Estimates: The Zacks Consensus Estimate for current-quarter earnings has been revised 21.8% upward over the past 60 days. For 2020, the consensus mark for earnings has moved 20.4% north in the same time frame. The favorable estimate revisions reflect the confidence of brokers in the stock.
Given the wealth of information at their disposal, it is in the best interest of investors to be guided by the broker advice and the direction of their estimate revisions. This is because the direction of estimate revisions serves as an important pointer when it comes to ascertaining the price of a stock.
Impressive Revenue Growth: The Zacks Consensus Estimate for current-quarter revenues is pegged at $19.95 billion, indicating an 8.9% rise from the year-ago quarter’s reported figure. Similarly, the consensus mark for current-year revenues stands at $80.35 billion, implying an 8.5% increase from the prior-year reported figure.
E-commerce Surge: E-commerce — the method of buying and selling goods and services via a software platform — is witnessing higher demand now amid the pandemic-induced social-distancing protocols, quarantine and lockdowns. This is an uptrend for UPS, which is evident from its second-quarter 2020 results wherein the company fared well on the back of expanded residential delivery volumes amid the coronavirus-led home confinement of people. Notably, business-to-consumer shipments surged 65.2% year over year.
Bullish Industry Rank: The industry, to which UPS belongs, currently has a Zacks Industry Rank of 4 (of 250 plus groups). The favorable rank places the companies in the top 2% of the Zacks industries. Studies show that 50% of a stock price movement is directly tied to the performance of the industry group that it hails from.
In fact, an ordinary stock in a strong group is likely to outperform a great stock in a poor industry. Therefore, taking the industry’s performance into account becomes necessary.
Other Stocks to Consider
Investors interested in the Zacks Transportation sector may also check out some other stocks worth considering like Landstar System, Danaos Corporation and Canadian Pacific Railway, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Landstar System, Danaos and Canadian Pacific have rallied more than 8.1%, 58% and 9.7%, respectively, in the past month.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performancefor information about the performance numbers displayed in this press release.