The latest trading day saw United Parcel Service (UPS) settling at $131.25, representing a +0.41% change from its previous close.
Shares of ZIM Integrated Shipping Services (ZIM) are declining on Friday as the US dockworkers' port strike comes to an end. The International Longshoremen's Association (ILA) and the United States Maritime Alliance (USMX) have reached a tentative labor agreement, paving the way for dockworkers to return to their jobs. This development has diminished the prospect of higher freight rates in the short term, which could have potentially boosted shipping companies' earnings. Market Domination anchors Julie Hyman and Josh Lipton break down the details. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
Key Insights The projected fair value for United Parcel Service is US$179 based on 2 Stage Free Cash Flow to Equity...