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Strength Seen in United Parcel (UPS): Stock Soars 6.9%

United Parcel Service, Inc.UPS was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company-as the stock is now up 9.1% in the past one-month time frame.

The move came after the company reported solid second-quarter 2018 results.

The company has seen three positive estimate revisions in the past few weeks, while it's Zacks Consensus Estimate has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for United Parcel. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

United Parcel currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.

United Parcel Service, Inc. Price

United Parcel Service, Inc. Price | United Parcel Service, Inc. Quote

Another stock worth considering in the Transportation - Air Freight and Cargo industry is Air Transport Services Group, Inc. ATSG which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .

Is UPS going up? Or down? Predict to see what others think: Up or Down

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Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

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United Parcel Service, Inc. (UPS): Free Stock Analysis Report

Air Transport Services Group, Inc (ATSG): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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