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Trade of the Day: United Parcel Service, Inc. Is a Trend-Follower


Trade of the Day: United Parcel Service, Inc. Is a Trend-FollowerShares of shipping companies United Parcel Service, Inc. (NYSE:UPS) and FedEx Corporation (NYSE:FDX) took a hit two weeks ago when Amazon.com, Inc. (NASDAQ:AMZN) announced that it would begin testing its own last mile delivery service. To be sure, it?s nothing new ? Amazon announces it will soon offer a new service and stocks in the affected industry suffer in fear of the behemoth cannibalizing said industry. While Amazon in my eye should never be underestimated, plenty of times the news does not mean that Amazon will immediately put all competitors out of business as much as it means that there will simply be one more competitor to the scene.





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