UPS has its finger on the pulse of the U.S. economy. The company moves 6% of U.S. GDP each day. UPS’s quarterly earnings reports and management comments offer important anecdotal evidence on the strength of the U.S. economy. UPS CEO Scott Davis is looking for 2% to 2.5% GDP growth next year and a 2-3% increase in holiday sales this year.
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Jeremy Jones, CFA is the Director of Research at Young Research & Publishing Inc., and the Chief Investment Officer at Richard C. Young & Co., Ltd. Jeremy is a contributing editor of youngresearch.com.