UPS leaps 11% after soaring delivery demand fuels earnings beat
A market-research expert breaks down the 3 sectors and 4 stocks that he says are best to own as a new Cold War between the US and China heats up"Our results were better than we expected, driven in part by the changes in demand that emerged from the pandemic, including a surge in residential volume, COVID-19 related healthcare shipments and strong outbound demand from Asia," CEO Carol Tomé said in the report.
Average daily volume in the US climbed 22.8% to 21.1 million packages per day, UPS said. Domestic delivery demand spiked 65.2% as consumers continued to work from home and boost online shopping activity.Now read more markets coverage from Markets Insider and Business Insider:
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