Economics
UPS-FedEx Ratio Offers Bet on U.S. Economy: EcoPulse
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After trailing FedEx Corp. for more than a year, United Parcel Service Inc. is poised to narrow the performance gap as investors eye the laggard stock as a bet on U.S. economic growth.
UPS, the world’s largest package-delivery company, is up 15 percent since May 2, 2013, compared with a 75 percent rise for FedEx. The ratio of UPS to FDX is near the lowest level since the Atlanta-based company went public in 1999, so now could be a “good time to buy” UPS stock, particularly ahead of the holidays, said Christian Bertelsen, chief investment officer of Global Financial Private Capital, a Sarasota, Florida-based wealth manager with $3.9 billion in assets.