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Why UPS Skyrocketed on Thursday
Shares of package delivery service UPS (UPS - Free Report) soared on Thursday, closing up 14.3% to $141.39 and reaching a new 52-week high.
UPS beat Wall Street estimates for earnings and revenue and saw a big boom in home deliveries because of the coronavirus pandemic.
Demand for domestic residential delivery spiked 65.2% in Q2; average daily volumes jumped 22.8% in the U.S. and reached 21.1 million packages per day.
UPS is now up over 20% year-to-date.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>