Dernières nouvelles pour United Parcel Service (NYSE:UPS) Stock

United Parcel Service

As the world's largest parcel delivery company, UPS manages a massive fleet of more than 500 planes and 100,000 vehicles, along with many hundreds of sorting facilities, to deliver an average of about 22 million packages per day to residences and businesses across the globe. UPS' domestic US package operations generate around 64% of total revenue while international package makes up 20%. Air and ocean freight forwarding, truckload brokerage, and contract logistics make up the remainder. UPS is currently pursuing "strategic alternatives" for its truck brokerage unit, Coyote, which it acquired in 2015.

United Parcel Service Inc

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<h2 class="wp-block-heading">UPS Pays $45 Million Fine For Improperly Valuing Its Worst-Performing Business&nbsp;</h2>
The Securities and Exchange Commission (SEC) announced on Friday that it <a href="https://www.sec.gov/newsroom/press-releases/2024-184">settled charges</a> against United Parcel Service Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) for materially misrepresenting its earnings because it failed to follow generally accepted accounting principles (GAAP) when valuing one of its worst performing businesses.&nbsp;&nbsp;
The SEC found that UPS did not record a goodwill impairment for its UPS Freight business division in 2019. If UPS had properly valued Freight, its earnings and other reported items would have been materially lower, the SEC said.&nbsp;
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"Goodwill balances provide investors with valuable insight into whether companies are successfully operating the businesses they own," said Melissa Hodgman, Associate Director at SEC.&nbsp;
"Therefore, it is essential for companies to prepare reliable fair value estimates and impair goodwill when required. UPS fell short of these obligations, repeatedly ignoring its own well-founded sale price estimates for Freight in favor of unreliable third-party valuations," Hodgman added.&nbsp;
In addition to the $45 million civil penalty, UPS agreed to cease and desist from further violations of these provisions, adopt training requirements for certain officers, directors, and employees, and retain an independent compliance consultant to review and make recommendations about the company's fair value estimates and disclosure obligations.
<h2 class="wp-block-heading">BIT Mining To Pay $4 Million Fine For Bribery&nbsp;</h2>
The SEC announced on Monday that BIT Mining Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTCM#NYSE">BTCM</a>), formerly known as 500.com Limited,<a href="https://www.sec.gov/newsroom/press-releases/2024-180"> agreed to pay</a> a $4 million civil penalty to resolve charges that it violated the Foreign Corrupt Practices Act (FCPA) from 2017 to 2019 by conducting a widespread bribery scheme to influence foreign officials, including members of Japan's parliament.&nbsp;
The SEC's order finds that the bribery scheme involved illicit payments of approximately $2.5 million in the form of cash bribes, entertainment and trips. The order further finds that the bribes were authorized by a 500.com senior executive in an attempt to establish an integrated resort casino in Japan.&nbsp;
"Investors must have confidence that the operations and performance of public companies reflect merit and legitimate considerations. Bribery and corruption turn that dynamic on its head, distorting the orderly operation of the markets and undermining investor confidence," said Charles E. Cain, Chief of the SEC Enforcement Division's FCPA Unit.&nbsp;
Additionally, the US Department of Justice announced on the same day that it entered into a deferred prosecution agreement in which BIT Mining agreed to pay a $10 million criminal fine, of which $4 million will be satisfied by the company's payment of a civil penalty to the SEC.&nbsp;
More Crime Stories: Here are other crime stories covered by Benzinga this week. 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42055570/bitfinex-bitcoin-laundering-case-lands-crocodile-of-wall-street-in-jail">Bitfinex Bitcoin Laundering Case Lands &#8216;Crocodile Of Wall Street&#8217; In Jail</a></li>
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Image: Gerd Altmann from Pixabay

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BTCM

Financial Crime Weekly: UPS Pays $45M Fine, BIT Mining Pays $4M Fine For Bribery

<a href="https://www.sec.gov/newsroom/press-releases/2024-184" title="https://www.sec.gov/newsroom/press-releases/2024-184">https://www.sec.gov/newsroom/press-releases/2024-184</a>

UPS To Pay $45M Penalty For Improperly Valuing Business Unit - SEC

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the industrials sector.
<h3 class="wp-block-heading">MSC Industrial Direct Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSM#NYSE">MSM</a>)</h3>
<ul>
<li>Dividend Yield: 4.04%</li>
<li>Baird analyst David Manthey maintained a Neutral rating and raised the price target from $84 to $91 on Oct. 16. This analyst has an accuracy rate of 82%.</li>
<li>Loop Capital analyst Chris Dankert maintained a Hold rating and cut the price target from $80 to $75 on July 3. This analyst has an accuracy rate of 78%.</li>
<li>Recent News: On Oct. 24, MSC Industrial Direct Company reported fourth-quarter results. Net sales declined 8.0% year-over-year to $952.3 million, missing the consensus of $959.7 million..</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112224&amp;t=be2bearmibe3na1">latest MSM news</a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="892" height="837" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22074709/image-242.png" alt="" class="wp-image-660841" style="width:725px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22074709/image-242.png 892w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22074709/image-242-300x282.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22074709/image-242-768x721.png 768w" sizes="(max-width: 892px) 100vw, 892px" /></a></figure>
<h3 class="wp-block-heading">Stanley Black &amp; Decker, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWK#NYSE">SWK</a>)</h3>
<ul>
<li>Dividend Yield: 3.74%</li>
<li>Morgan Stanley analyst Chris Snyder maintained an Equal-Weight rating and cut the price target from $107 to $98 on Oct. 30. This analyst has an accuracy rate of 74%.</li>
<li>Goldman Sachs analyst Joe Ritchie maintained a Neutral rating and raised the price target from $94 to $107 on Oct. 10. This analyst has an accuracy rate of 75%.</li>
<li>Recent News: On Nov. 20, Stanley Black &amp; Decker issued a strategic update, reaffirming its FY24 earnings guidance of $3.90-$4.30 per share.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112224&amp;t=be2bearmibe3na1">latest SWK news</a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="898" height="835" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22074755/image-243.png" alt="" class="wp-image-660844" style="width:665px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22074755/image-243.png 898w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22074755/image-243-300x279.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22074755/image-243-768x714.png 768w" sizes="(max-width: 898px) 100vw, 898px" /></a></figure>
<h3 class="wp-block-heading">United Parcel Service, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>)</h3>
<ul>
<li>Dividend Yield: 4.96%</li>
<li>Citigroup analyst Ariel Rosa maintained a Buy rating and cut the price target from $163 to $158 on Nov. 12. This analyst has an accuracy rate of 76%.</li>
<li>JP Morgan analyst Brian Osssenbeck maintained a Neutral rating and cut the price target from $140 to $139 on Oct. 25. This analyst has an accuracy rate of 73%.</li>
<li>Recent News: On Oct. 24, United Parcel Service reported better-than-expected third-quarter financial results.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the trend in <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112224&amp;t=be2bearmibe3na1">UPS stock</a>. </li>
</ul>
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="1024" height="481" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22074858/image-244-1024x481.png" alt="" class="wp-image-660848" style="width:645px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22074858/image-244-1024x481.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22074858/image-244-300x141.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22074858/image-244-768x361.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22074858/image-244-1536x721.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22074858/image-244.png 1842w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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Dividends

Price Target

Pre-Market Outlook

Markets

Analyst Ratings

Trading Ideas

Wall Street's Most Accurate Analysts Give Their Take On 3 Industrials Stocks With Over 3% Dividend Yields

Deep-pocketed investors have adopted a bullish approach towards United Parcel Service (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in UPS usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for United Parcel Service. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 62% leaning bullish and 37% bearish. Among these notable options, 4 are puts, totaling $114,507, and 4 are calls, amounting to $444,526.
<h3>What's The Price Target?</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $120.0 to $160.0 for United Parcel Service over the last 3 months. 
<h3>Insights into Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of United Parcel Service stands at 234.86, with a total volume reaching 606.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in United Parcel Service, situated within the strike price corridor from $120.0 to $160.0, throughout the last 30 days.
<h3>United Parcel Service Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732131934_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th align="right">Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>UPS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$13.15</td>
<td>$12.95</td>
<td>$13.1</td>
<td>$120.00</td>
<td>$327.5K</td>
<td align="right">547</td>
<td align="right">250</td>
</tr>
<tr>
<td>UPS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/29/24</td>
<td>$6.35</td>
<td>$6.0</td>
<td>$6.0</td>
<td>$126.00</td>
<td>$60.0K</td>
<td align="right">10</td>
<td align="right">100</td>
</tr>
<tr>
<td>UPS</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$33.85</td>
<td>$31.5</td>
<td>$31.5</td>
<td>$160.00</td>
<td>$31.5K</td>
<td align="right">247</td>
<td align="right">10</td>
</tr>
<tr>
<td>UPS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$14.8</td>
<td>$14.7</td>
<td>$14.78</td>
<td>$130.00</td>
<td>$29.5K</td>
<td align="right">653</td>
<td align="right">1</td>
</tr>
<tr>
<td>UPS</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$28.6</td>
<td>$28.2</td>
<td>$28.2</td>
<td>$155.00</td>
<td>$28.2K</td>
<td align="right">99</td>
<td align="right">20</td>
</tr>
</tbody>
</table>

<h3>About United Parcel Service</h3>
As the world's largest parcel delivery company, UPS manages a massive fleet of more than 500 planes and 100,000 vehicles, along with many hundreds of sorting facilities, to deliver an average of about 22 million packages per day to residences and businesses across the globe. UPS' domestic US package operations generate around 64% of total revenue while international package makes up 20%. Air and ocean freight forwarding, truckload brokerage, and contract logistics make up the remainder. UPS is currently pursuing "strategic alternatives" for its truck brokerage unit, Coyote, which it acquired in 2015.
Following our analysis of the options activities associated with United Parcel Service, we pivot to a closer look at the company's own performance.
<h3>Where Is United Parcel Service Standing Right Now?</h3>
<ul>
<li>With a volume of 1,493,806, the price of UPS is down -1.34% at $131.41. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 69 days.</li>
</ul>
<h3>Expert Opinions on United Parcel Service</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $153.0.
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&#x2A; An analyst from Evercore ISI Group persists with their In-Line rating on United Parcel Service, maintaining a target price of $141. 
&#x2A; Maintaining their stance, an analyst from UBS continues to hold a Buy rating for United Parcel Service, targeting a price of $170. 
&#x2A; Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on United Parcel Service with a target price of $146. 
&#x2A; Consistent in their evaluation, an analyst from B of A Securities keeps a Neutral rating on United Parcel Service with a target price of $150. 
&#x2A; An analyst from Citigroup persists with their Buy rating on United Parcel Service, maintaining a target price of $158. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for United Parcel Service, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Looking At United Parcel Service's Recent Unusual Options Activity

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Industrials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>GEO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$30.00</td>
<td>$37.6K</td>
<td>659</td>
<td>3.3K</td>
</tr>
<tr>
<td>RKLB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$23.00</td>
<td>$49.0K</td>
<td>600</td>
<td>693</td>
</tr>
<tr>
<td>LUNR</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/13/24</td>
<td>$13.00</td>
<td>$30.2K</td>
<td>279</td>
<td>662</td>
</tr>
<tr>
<td>XMTR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$30.00</td>
<td>$50.0K</td>
<td>255</td>
<td>500</td>
</tr>
<tr>
<td>SMR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$12.50</td>
<td>$44.5K</td>
<td>26.4K</td>
<td>380</td>
</tr>
<tr>
<td>UPS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$200.00</td>
<td>$34.4K</td>
<td>710</td>
<td>363</td>
</tr>
<tr>
<td>POWL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$150.00</td>
<td>$30.0K</td>
<td>202</td>
<td>103</td>
</tr>
<tr>
<td>HWM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$115.00</td>
<td>$34.8K</td>
<td>75</td>
<td>51</td>
</tr>
<tr>
<td>GEV</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$330.00</td>
<td>$36.6K</td>
<td>861</td>
<td>25</td>
</tr>
<tr>
<td>URI</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$900.00</td>
<td>$29.0K</td>
<td>154</td>
<td>20</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding GEO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEO#NYSE">GEO</a>), we observe a call option trade with bullish sentiment. It expires in 122 day(s) on March 21, 2025. Parties traded 99 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $37.6K, with a price of $380.0 per contract. There were 659 open contracts at this strike prior to today, and today 3391 contract(s) were bought and sold. 
• For RKLB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>), we notice a call option sweep that happens to be bearish, expiring in 59 day(s) on January 17, 2025. This event was a transfer of 200 contract(s) at a $23.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $49.0K, with a price of $245.0 per contract. There were 600 open contracts at this strike prior to today, and today 693 contract(s) were bought and sold. 
• Regarding LUNR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNR#NASDAQ">LUNR</a>), we observe a call option trade with neutral sentiment. It expires in 24 day(s) on December 13, 2024. Parties traded 195 contract(s) at a $13.00 strike. The total cost received by the writing party (or parties) was $30.2K, with a price of $155.0 per contract. There were 279 open contracts at this strike prior to today, and today 662 contract(s) were bought and sold. 
• Regarding XMTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XMTR#NASDAQ">XMTR</a>), we observe a put option trade with bullish sentiment. It expires in 31 day(s) on December 20, 2024. Parties traded 250 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $50.0K, with a price of $200.0 per contract. There were 255 open contracts at this strike prior to today, and today 500 contract(s) were bought and sold. 
• Regarding SMR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>), we observe a call option trade with bearish sentiment. It expires in 59 day(s) on January 17, 2025. Parties traded 30 contract(s) at a $12.50 strike. The total cost received by the writing party (or parties) was $44.5K, with a price of $1485.0 per contract. There were 26483 open contracts at this strike prior to today, and today 380 contract(s) were bought and sold. 
• For UPS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>), we notice a call option sweep that happens to be bullish, expiring in 423 day(s) on January 16, 2026. This event was a transfer of 363 contract(s) at a $200.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $34.4K, with a price of $95.0 per contract. There were 710 open contracts at this strike prior to today, and today 363 contract(s) were bought and sold. 
• Regarding POWL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POWL#NASDAQ">POWL</a>), we observe a put option sweep with bearish sentiment. It expires in 94 day(s) on February 21, 2025. Parties traded 100 contract(s) at a $150.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $30.0K, with a price of $300.0 per contract. There were 202 open contracts at this strike prior to today, and today 103 contract(s) were bought and sold. 
• Regarding HWM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HWM#NYSE">HWM</a>), we observe a call option sweep with bullish sentiment. It expires in 178 day(s) on May 16, 2025. Parties traded 30 contract(s) at a $115.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $34.8K, with a price of $1160.0 per contract. There were 75 open contracts at this strike prior to today, and today 51 contract(s) were bought and sold. 
• For GEV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>), we notice a call option trade that happens to be neutral, expiring in 31 day(s) on December 20, 2024. This event was a transfer of 15 contract(s) at a $330.00 strike. The total cost received by the writing party (or parties) was $36.6K, with a price of $2442.0 per contract. There were 861 open contracts at this strike prior to today, and today 25 contract(s) were bought and sold. 
• For URI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URI#NYSE">URI</a>), we notice a call option trade that happens to be neutral, expiring in 59 day(s) on January 17, 2025. This event was a transfer of 19 contract(s) at a $900.00 strike. The total cost received by the writing party (or parties) was $29.0K, with a price of $1530.0 per contract. There were 154 open contracts at this strike prior to today, and today 20 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

LUNR

POWL

RKLB

XMTR

10 Industrials Stocks Whale Activity In Today's Session

<ul>
<li>Postal Service continues to offer a great value for shipping with our reliable service to the American people. &nbsp;</li>
<li>Pricing actions part of balanced approach under "Delivering for America," the Postal Service's 10-year plan for achieving financial sustainability and service excellence.</li>
<li>Rate changes will support the $40 billion of investments in people, technology, and infrastructure and continue the modernization and improvement of the Postal Service's operations and customer experience.</li>
<li>As we previously announced, the Postal Service will not be <a href="https://www.streetinsider.com/entities/Raising+Prices">raising prices</a> in January for our Mailing Services, therefore, the price of a First-Class stamp will remain unchanged.</li>
</ul>
WASHINGTON, Nov. 15, 2024 /PRNewswire/ -- Today, the Postal Service filed notice with the Postal Regulatory Commission (PRC) for Shipping Services price changes to take effect January 19, 2025. The proposed adjustments were approved by the Governors of the USPS this week.&nbsp;
The change would raise Shipping Services prices approximately 3.2 percent for Priority Mail service and Priority Mail Express service, 3.9 percent for USPS Ground Advantage and 9.2 percent for Parcel Select.
Although Mailing Services price increases are based on the consumer price index, Shipping Services prices are primarily adjusted according to market conditions. The governors believe these new rates will keep the Postal Service competitive while providing the agency with needed revenue. As we previously announced, the Postal Service will not be raising prices in January for our Mailing Services.
As a strategic part of the <a href="https://about.usps.com/what/strategic-plans/delivering-for-america/?_gl=1&#x2A;63lmng&#x2A;_ga&#x2A;MTU2OTA3OTA5MC4xNjU2NTIwNTUx&#x2A;_ga_3NXP3C8S9V&#x2A;MTY2NDk4ODA1NS40NDIuMS4xNjY0OTg4MDkyLjAuMC4w">Delivering for America</a> 10-year plan, these proposed changes will support the Postal Service in creating a revitalized organization capable of achieving our public service mission — providing a nationwide, integrated network for the delivery of mail and packages at least six days a week — in a cost-effective and financially sustainable manner over the long term, just as the U.S. Congress has intended.&nbsp;
The PRC will review the changes before they are scheduled to take effect. The complete Postal Service price filing, with prices for all products, can be found on the PRC website under the Daily Listings section at <a href="https://prc.arkcase.com/portal/docket-search/daily-listings">prc.gov/dockets/daily</a>. The Mailing Services filing is Docket No. CP2025-1. The price tables are also available on the Postal Service's Postal Explorer website at <a href="https://pe.usps.com/PriceChange/Index">pe.usps.com/PriceChange/Index</a>.

U.S. Postal Service Recommends New Competitive Prices For 2025; Will Not Be Raising Prices In Jan For Mailing Services; Price Of First-Class Stamp To Remain Unchanged; Change Would Raise Shipping Services Prices About 3.2% For Priority Mail Service And Priority Mail Express Service; Change Would Raise Shipping Services Prices 3.9% For USPS Ground Advantage & 9.2% For Parcel Select

Appaloosa Management filed its <a href="https://www.sec.gov/Archives/edgar/data/1656456/000165645624000004/xslForm13F_X02/Form13FInfoTable.xml">Form 13F</a> on Thursday, revealing the fund's trades from the prior quarter. Here's a look at Appaloosa's latest trades. 
New Positions:&nbsp;
<ul>
<li>Appaloosa added a stake in energy company Vistra Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>) with 1,270,388 shares valued at $150.5 million, according to Whalewisdom. </li>
<li>The fund added a stake in NRG Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>) with 999,820 shares. </li>
<li>Appaloosa opened a position in Las Vegas Sands Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>) with 1,528,323 shares</li>
<li>The hedge fund also opened a position in Wynn Resorts Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NYSE">WYNN</a>) with 800,000 shares. </li>
</ul>
Read More: <a href="https://www.benzinga.com/general/social-media/24/11/41993328/trump-media-insiders-sell-more-than-16-million-in-djt-stock">Trump Media Insiders Sell More Than $16 Million In DJT Stock</a>
Closed Positions: Appaloosa sold all of its 210,000 Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) shares. The fund also closed its entire positions in Macy's Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) and United Parcel Service, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>). 
Notable Trades: Appaloosa added 3,361,132 shares of China-based commerce company PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), bringing its total stake to 5,301,132 shares valued at $617.4 million, according to Whalewisdom. The fund also added 2,989,400 shares of JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) another China-based commerce company. 
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/trading-ideas/movers/24/11/41949068/bitcoin-could-reach-1-million-by-2037-economist-says-buy-of-a-lifetime-opportunity">Bitcoin Could Reach $1 Million By 2037, Economist Says: &#8216;Buy Of A Lifetime&#8217; Opportunity</a></li>
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Photo: Panchenko Vladimir on Shutterstock

Hedge Funds

Movers

Citigourp Global Markets 2% Protected Notes Linked To The Djia

WYNN

Appaloosa Hedge Fund Buys Vistra, Sells Boeing

Appaloosa LP 13F Shows Exited Position In United Parcel Service, Previously Holding 605,000 Shares; Exited Position In Boeing, Previously Holding 210,000 Shares; Exited Position In Macy's, Previously Holding 1,265,000 Shares

Citigroup analyst Ariel Rosa maintains United Parcel Service (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) with a Buy and lowers the price target from $163 to $158.

Citigroup Maintains Buy on United Parcel Service, Lowers Price Target to $158

Oppenheimer analyst Scott Schneeberger maintains United Parcel Service (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) with a Outperform and raises the price target from $140 to $146.

Oppenheimer Maintains Outperform on United Parcel Service, Raises Price Target to $146

UBS analyst Thomas Wadewitz maintains United Parcel Service (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) with a Buy and raises the price target from $159 to $170.

UBS Maintains Buy on United Parcel Service, Raises Price Target to $170

10 analysts have shared their evaluations of United Parcel Service (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $145.6, with a high estimate of $162.00 and a low estimate of $120.00. Witnessing a positive shift, the current average has risen by 4.46% from the previous average price target of $139.38.
<img src="https://www.benzinga.com/files/images/story/2024/1729879279_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
A clear picture of United Parcel Service's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Ken Hoexter</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Neutral</td>
<td>$150.00</td>
<td>$132.00</td>
</tr>
<tr>
<td>Brian Ossenbeck</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$139.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>J. Bruce Chan</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$156.00</td>
<td>$151.00</td>
</tr>
<tr>
<td>Bascome Majors</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Neutral</td>
<td>$140.00</td>
<td>$135.00</td>
</tr>
<tr>
<td>Jonathan Chappell</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$141.00</td>
<td>$138.00</td>
</tr>
<tr>
<td>Brandon Oglenski</td>
<td>Barclays</td>
<td>Maintains</td>
<td>Underweight</td>
<td>$120.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Christian Wetherbee</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$142.00</td>
<td>$134.00</td>
</tr>
<tr>
<td>Matt Reustle</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Buy</td>
<td>$162.00</td>
<td>$165.00</td>
</tr>
<tr>
<td>Ariel Rosa</td>
<td>Citigroup</td>
<td>Announces</td>
<td>Buy</td>
<td>$162.00</td>
<td>-</td>
</tr>
<tr>
<td>Jason Seidl</td>
<td>TD Cowen</td>
<td>Announces</td>
<td>Hold</td>
<td>$144.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to United Parcel Service. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of United Parcel Service compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of United Parcel Service's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of United Parcel Service's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/UPS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on United Parcel Service analyst ratings.</a>
<h2>Get to Know United Parcel Service Better</h2>
As the world's largest parcel delivery company, UPS manages a massive fleet of more than 500 planes and 100,000 vehicles, along with many hundreds of sorting facilities, to deliver an average of about 22 million packages per day to residences and businesses across the globe. UPS' domestic US package operations generate around 64% of total revenue while international package makes up 20%. Air and ocean freight forwarding, truckload brokerage, and contract logistics make up the remainder. UPS is currently pursuing "strategic alternatives" for its truck brokerage unit, Coyote, which it acquired in 2015.
<h3>Unraveling the Financial Story of United Parcel Service</h3>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Decline in Revenue: Over the 3 months period, United Parcel Service faced challenges, resulting in a decline of approximately -1.07% in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: United Parcel Service's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 6.46% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): United Parcel Service's ROE excels beyond industry benchmarks, reaching 8.3%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): United Parcel Service's ROA excels beyond industry benchmarks, reaching 2.06%. This signifies efficient management of assets and strong financial health.
Debt Management: United Parcel Service's debt-to-equity ratio is below the industry average at 1.55, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>What Are Analyst Ratings?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Beyond The Numbers: 10 Analysts Discuss United Parcel Service Stock

B of A Securities analyst Ken Hoexter maintains United Parcel Service (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) with a Neutral and raises the price target from $132 to $150.

B of A Securities Maintains Neutral on United Parcel Service, Raises Price Target to $150

United Parcel Service, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) Thursday reported its <a href="https://www.benzinga.com/news/earnings/24/10/41515619/delivery-giant-ups-breaks-revenue-miss-streak-after-10-quarters-stock-soars">first revenue beat in 10 quarters</a>.
The company reported its results amid an <a href="https://www.benzinga.com/earnings">exciting earnings season</a>. Here are some key analyst takeaways.
<ul>
<li>Stifel <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5af2e4afca26bd0001e8b287/j.-bruce%20chan">analyst Bruce Chan</a> maintained a Buy rating, while lifting the price target from $151 to $156.</li>
<li>Bank of America Securities <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58ad9358b85e930001f9718a/ken-hoexter">analyst Ken Hoexter</a> reiterated a Neutral rating, while raising the price target from $132 to $150.</li>
<li>Goldman Sachs <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e8b4e0e1e7bd60001d9d07b/jordan-alliger">analyst Jordan Alliger</a> reaffirmed a Buy rating, while lifting the price target from $162 to $167.</li>
</ul>
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
Stifel: UPS generated revenues of $14.4 billion, up 5.8% year-on-year and "outperformed our model on better volume growth (6.5% vs. 5.0% est) and relatively in-line yield growth," Chan said in a note. Adjusted earnings came in at $1.76 per share, beating Street expectations of $1.63 per share, he added.
"U.S. Domestic was a standout, with better volume growth on in-line rev/piece and better cost controls driving margin upside," while International remained under pressure, the analyst wrote. Management indicated "a profitability and margin inflection" in the back half of 2024 and the company's margin outlook appears "incrementally better," he further stated.
Bank of America Securities: The company's earnings grew by 12% year-on-year, "as UPS countered mix pressure through dynamic pricing, cost management initiatives, and growth in average daily volume (ADV), with higher-margin business-to-business (B2B) volume up year-year for the first time in two years," Hoexter said.
UPS Service indicated that its Fit to Serve program, which resulted in 12,000 management job cuts for projected savings of $1 billion in 2024, is tracking ahead of target, he added.
Management lowered their revenue guidance from $93 billion to $91.1 billion. Around $700 million of that is due to the sale of Coyote Logistics. The company raised its operating margin target for 2024 from 9.4% to 9.6%, let by cost cutting initiatives, he further mentioned.
Goldman Sachs: UPS's total EBIT (earnings before interest and taxes) came in around 6% above estimated, "as relatively inline revenues were more than offset by stronger than expected Domestic margin," Alliger said. Given the "tough 18 months or so," the company's outperformance and solid outlook for the rest of the year "should be a positive catalyst for investors," he added.
Manufacturing and B2B need to recover for the uncertainty around UPS's earnings to subside and the consumer demand environment needs to strengthen, the analyst stated. He added, however, that domestic margin pushing above forecasts is encouraging, "at least for the time being."
Price Action: Shares of UPS had risen by 0.3% to $138.75 at the time of publication on Friday.
Read More: 
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41521415/ups-posts-upbeat-q3-results-joins-tesla-celestica-pool-t-mobile-and-other-big-stocks-moving-higher-o">UPS Posts Upbeat Q3 Results, Joins Tesla, Celestica, Pool, T-Mobile And Other Big Stocks Moving Higher On Thursday</a></li>
</ul>
Image: Shutterstock

Analyst Color

Earnings Beats

Reiteration

UPS Posts Q3 Beat, Cuts Revenue Outlook: 'Manufacturing Needs To Recover For Uncertainty To Subside,' Analyst Says

JP Morgan analyst Brian Ossenbeck maintains United Parcel Service (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) with a Neutral and lowers the price target from $140 to $139.

JP Morgan Maintains Neutral on United Parcel Service, Lowers Price Target to $139

Stifel analyst J. Bruce Chan maintains United Parcel Service (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) with a Buy and raises the price target from $151 to $156.

Stifel Maintains Buy on United Parcel Service, Raises Price Target to $156

Susquehanna analyst Bascome Majors maintains United Parcel Service (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) with a Neutral and raises the price target from $135 to $140.

Susquehanna Maintains Neutral on United Parcel Service, Raises Price Target to $140

Tech stocks outperformed on Thursday, driven by Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), which skyrocketed 18% in midday trading following stronger-than-<a href="https://www.benzinga.com/news/24/10/41515376/tesla-to-rally-more-than-24-here-are-10-top-analyst-forecasts-for-thursday">expected quarterly financial results. </a>
The electric vehicle giant is on track for its best session since March 2021.
Despite Tesla&#8217;s spectacular rally, broader market sentiment remained cautious, reflecting recent trends of subdued risk appetite.
In macroeconomic news, weekly jobless claims dropped significantly, coming in below expectations and suggesting ongoing resilience <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41517353/jobless-claims-fall-more-than-expected-continuing-benefits-surge-to-nearly-3-year-h">in the labor market. </a>
Meanwhile, private sector activity surveys revealed better-than-expected conditions in both services and manufacturing this month and a further <a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41520604/us-private-sector-growth-remains-strong-in-october-price-pressures-now-consistent">reduction in price pressures. </a>
Both the S&amp;P 500 and Russell 2000 traded flat, while the Dow Jones fell 0.6%. The consumer discretionary sector led gains, heavily influenced by Tesla's stellar performance.
The U.S. dollar softened slightly, and Treasury yields edged lower, easing pressure on gold. The SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) rose 0.6%.
Oil prices dropped 1%, heading for a second consecutive day of losses. Meanwhile, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) gained 1.8%. 
<h3 class="wp-block-heading">Thursday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %change</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,164.58</td>
<td>0.5%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,796.37</td>
<td>0.0%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,207.55</td>
<td>0.0% </td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,259.72</td>
<td>-0.6% </td>
</tr>
</tbody>
</table>
</figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent102224&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) flattened at $577.32.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;fell 0.7% to $422.33.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.4% to $489.81.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) inched 0.1% down to $218.88.</li>
<li>The Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) outperformed, up by 2.5%, predominately affected by Tesla. The Materials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>) lagged, down 1.4%.</li>
</ul>
<h3 class="wp-block-heading">Thursday&#8217;s Stock Movers</h3>
Stocks reacting to earnings results include: 
<ul>
<li>T-Mobile US Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>), up over 4%, </li>
<li>International Business Machines Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>), down over 6%,</li>
<li>ServiceNow Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>), up over 5%,</li>
<li>Lam Research Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>), up 3.8%,</li>
<li>Newmont Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>), down over 9%,</li>
<li>United Rentals Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URI#NYSE">URI</a>), down 2%,</li>
<li>Las Vegas Sands Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>), up 1.3%,</li>
<li>Raymond James Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RJF#NYSE">RJF</a>), up over 7%,</li>
<li>S&amp;P Global Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPGI#NYSE">SPGI</a>), down 2.4%,</li>
<li>Union Pacific Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>), down 5%, </li>
<li>Honeywell International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>), down 4.4%, </li>
<li>KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), up 3.4%, </li>
<li>United Parcel Service Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>), up 5.1%, </li>
<li>Carrier Global Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARR#NYSE">CARR</a>), down 7%, </li>
<li>Nasdaq Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDAQ#NASDAQ">NDAQ</a>), up 1.6%, </li>
<li>Valero Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLO#NYSE">VLO</a>), up 0.7%, </li>
<li>CBRE Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBRE#NYSE">CBRE</a>) up by over 9%, </li>
<li>Dow Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>), down 1.1%,</li>
</ul>
<ul>
<li>Southwest Airlines Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) dropped over 3%, despite posting better-than-expected results and reaching a deal with Elliott Investment Management on the board&#8217;s composition. However, the CEO warned of potential delivery delays due to Boeing Co.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) ongoing machinist strike.</li>
</ul>
Large-cap companies slated to report results after the close include Capital One Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>), Ameriprise Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMP#NYSE">AMP</a>), Edward Lifesciences Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EW#NYSE">EW</a>), ResMed Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RES#NYSE">RES</a>), DexCom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXCM#NASDAQ">DXCM</a>), and Deckers Outdoor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>). 
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/10/41515619/delivery-giant-ups-breaks-revenue-miss-streak-after-10-quarters-stock-soars">Delivery Giant UPS Breaks Revenue-Miss Streak After 10 Quarters, Stock Soars</a></li>
</ul>
Image created using artificial intelligence via MidJourney .

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Tech Stocks Rebound, Tesla Marks Best 1-Day Gain Since March 2021, Gold Rises As Treasury Yields Ease: What's Driving Markets Thursday?

U.S. stocks were mixed, with the Nasdaq Composite gaining around 100 points on Thursday.
Shares of United Parcel Service, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) rose during Thursday's session after the company reported <a href="https://www.benzinga.com/news/earnings/24/10/41515619/delivery-giant-ups-breaks-revenue-miss-streak-after-10-quarters-stock-soars">better-than-expected quarterly EPS and sales.</a>
UPS reported consolidated revenue growth of 5.6% year-over-year to $22.2 billion, beating the consensus of $22.14 billion. Adjusted EPS was $1.76, up 12.1% YoY, above the consensus of $1.63.
United Parcel Service shares jumped 5% to $137.93 on Thursday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>QuantumScape Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QS#NYSE">QS</a>) shares jumped 31.6% to $6.82 after the company said it has begun producing low volumes of its first B-sample cells and has begun shipping cells for automotive customer testing.</li>
<li>Molina Healthcare, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOH#NYSE">MOH</a>) gained 22.8% to $337.89 after the company reported better-than-expected third-quarter financial results.</li>
<li>West Pharmaceutical Services, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WST#NYSE">WST</a>) climbed 20.7% to $345.82 after the company reported better-than-expected third-quarter financial results and raised its FY24 guidance above estimates. Also, the company increased its fourth-quarter dividend.</li>
<li>Viking Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VKTX#NASDAQ">VKTX</a>) gained 18.7% to $71.65 after the company reported better-than-expected third-quarter EPS results.</li>
<li>LendingClub Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LC#NYSE">LC</a>) gained 17.7% to $14.67 after the company reported better-than-expected third-quarter financial results.</li>
<li>American Coastal Insurance Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACIC#NASDAQ">ACIC</a>) surged 16.8% to $12.09 after the company provided updates on hurricane loss amounts and announced it expects a positive net income for the third quarter.</li>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) gained 16.5% to $248.93 following better-than-expected quarterly earnings.</li>
<li>Celestica Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLS#NYSE">CLS</a>) climbed 15.6% to $66.48 after the company reported better-than-expected third-quarter financial results and issued fourth-quarter revenue guidance above estimates.</li>
<li>Zai Lab Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZLAB#NASDAQ">ZLAB</a>) gained 15.2% to $33.33 after the company presented data from its ongoing Phase 1a/1b study of ZL-1310 for previously treated extensive-stage small cell lung cancer at the EORTC-NCI-AACR Symposium 2024.</li>
<li>Pegasystems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGA#NASDAQ">PEGA</a>) gained 14.2% to $79.66.</li>
<li>AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) surged 13.2% to $29.72 after the company announced it bagged a contract with the Space Development Agency as the prime contractor to the US Government.</li>
<li>ADT Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADT#NYSE">ADT</a>) gained 11.2% to $7.70 after the company reported better-than-expected third-quarter financial results and issued FY24 adjusted EPS above estimates.</li>
<li>Whirlpool Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WHR#NYSE">WHR</a>) rose 10% to $109.18 following a third-quarter EPS beat and guidance above consensus estimates.</li>
<li>Plexus Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLXS#NASDAQ">PLXS</a>) rose 9.9% to $149.00 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>Rocket Lab USA, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) gained 9.9% to $12.00 after Keybanc maintained an Overweight rating on the stock and raised its price target from $11 to $12.</li>
<li>CBRE Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRE#NASDAQ">CBRE</a>) gained 9.7% to $135.12 after the company reported better-than-expected third-quarter financial results and raised its FY24 adjusted EPS guidance above estimates.</li>
<li>Tyler Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TYL#NYSE">TYL</a>) rose 8.2% to $629.72 following upbeat quarterly earnings.</li>
<li>Labcorp Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LH#NYSE">LH</a>) gained 7.6% to $236.52 following strong quarterly earnings.</li>
<li>Pool Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POOL#NASDAQ">POOL</a>) gained 7.5% to $377.11 following strong quarterly sales.</li>
<li>T-Mobile US, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) gained 4.1% to $230.00 after the company reported better-than-expected third-quarter financial results and raised its FY24 guidance.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41516316/jim-cramer-says-he-would-not-buy-this-health-care-stock-at-this-level-wait-for-a-pullbac">Jim Cramer Says He Would Not Buy This Health Care Stock At This Level: &#8216;Wait For A Pullback&#8217;</a></li>
</ul>

Intraday Update

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UPS Posts Upbeat Q3 Results, Joins Tesla, Celestica, Pool, T-Mobile And Other Big Stocks Moving Higher On Thursday

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United Parcel Service shares are trading higher after the company reported better-than-expected Q3 financial results.

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Press Releases

INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of United Parcel Service (UPS)

SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against United Parcel Service, Inc. - UPS

Pomerantz Law Firm Announces the Filing of a Class Action Against United Parcel Service, Inc. - UPS

UNITED PARCEL SERVICE, INC. (NYSE: UPS) DEADLINE ALERT: Bernstein Liebhard LLP Reminds United Parcel Service, Inc. Investors of Upcoming Deadline

SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of United Parcel Service (UPS)

UPS ALERT: Bragar Eagel & Squire, P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against United Parcel Service, Inc. and Encourages Investors to Contact the Firm

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