Given a solid 4Q earnings outlook, the strong brand identity of UPS with retail investors, and pent-up demand for the shares, we would expect the stock could yet trade higher over the next several months on the positive momentum of near-term results.
W e anticipate that the stock may take a breather before finding further upward strength from current levels.
This is not likely to be a company with a Jack Welch type of CEO and a cult of personality for 20 years.
In the long run, everybody wants some resolution. But that doesn't have to be next week.
I describe more as a market pressure than UPS problems. It's kind of tough to swim upstream in this period.