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.
Jeremy Jones, CFA, CFP® is the Director of Research at Young Research & Publishing Inc., and the Chief Investment Officer at Richard C. Young & Co., Ltd. Richard C. Young & Co., Ltd. was ranked #10 in CNBC's 2019 Financial Advisor Top 100. Jeremy is also a contributing editor of youngresearch.com.