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
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.
U.S. stock futures rose on Thursday after ending on a mixed note on Wednesday. Futures of major benchmark indices were higher, except for the small-cap gauge Russell 2000.
Shares of freight transportation and logistics provider Saia (NASDAQ:SAIA)
fell 3% in the morning session after its peer, Old Dominion Freight Line, reported disappointing second-quarter results that fueled sector-wide concerns. Old Dominion, a major trucking company, posted second-quarter earnings and revenue that both fell short of Wall Street's expectations. This miss signaled ongoing softness in the domestic economy, a sentiment echoed by Old Dominion's management. The news weighed on the broader logistics sector, adding to existing investor jitters. Saia's own recent performance likely made it more susceptible to the negative sentiment, as the company had reported a year-over-year decline in its second-quarter net income and earnings per share just days earlier. This followed a recent downgrade from analysts at Stifel, which had cited concerns over the company's sluggish volumes and margin erosion.
