United Parcel Service (UPS) is a global logistics and package delivery company that provides a wide range of supply chain solutions. It offers transportation services including express delivery, freight shipping, and ground services, catering to both individual consumers and businesses. UPS operates an extensive network of facilities and a fleet of vehicles to ensure efficient and timely delivery of packages and freight across the globe. Additionally, the company provides specialized services such as logistics management, tracking technology, and customs brokerage, aiming to streamline the shipping process and enhance customer satisfaction. Through its commitment to innovative logistics solutions and sustainability initiatives, UPS plays a pivotal role in facilitating commerce and connecting people worldwide. Read More
The U.S. stock market is experiencing a significant surge, with major indices like the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite nearing or reaching all-time highs. This robust rally is primarily fueled by a potent combination of better-than-expected inflation data, which has rekindled optimism for potential
Wall Street is overwhelmingly bullish on the stocks in this article, with price targets suggesting significant upside potential.
However, it’s worth remembering that analysts rarely issue sell ratings, partly because their firms often seek other business from the same companies they cover.
Shares of luxury electric car manufacturer Lucid (NASDAQ:LCID) fell 9.7% in the afternoon session after the company reported second-quarter results that missed analyst expectations and lowered its full-year production forecast. The company posted revenue of $259.4 million, which fell roughly in line with analyst estimates. Lucid also cut its 2025 production outlook to a range of 18,000 to 20,000 vehicles, down from a previous target of 20,000. The report revealed a negative gross margin, a figure that included a $54 million hit from tariffs and signaled significant cost pressures.
Almiria TechStore Kenya, a supplier of consumer electronics and ICT infrastructure, continues to align its offerings with growing market needs across the country. The company operates within the power solutions and digital hardware segment, providing essential tools for home, office, and institutional use in Kenya’s evolving tech environment.
As the regular session of the US market on Tuesday comes to an end, let's delve into the after-hours session and discover the top S&P500 gainers and losers shaping the post-market sentiment.
The "Decent Value" screen identifies undervalued stocks like UPS, which shows strong fundamentals, attractive valuation, and steady growth, making it a solid pick for value investors.
Shares of electric vehicle manufacturer Rivian (NASDAQ:RIVN) jumped 3.3% in the morning session after reports showed the electric vehicle maker's U.S. sales hit a 10-month high in July. The company recorded over 4,200 vehicles sold, which marked a 20% jump from June.
