United Parcel Service Soared 15% in April: Will the Rally Continue?

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For the first quarter of 2021, UPS has reported solid growth across all segments and a substantial increase in its consolidated average daily volume of deliveries.

Given that UPS is enhancing its logistics capabilities to meet increasing customer needs, we believe its stock is poised to maintain its rally. Here is what we think could shape UPS’ performance in the near term:

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