UPS shares are trading higher in sympathy with FedEx, which gained after reporting Q3 earnings.
Portfolio Pulse from Benzinga Newsdesk
UPS shares are trading higher, following FedEx's positive Q3 earnings report.
March 21, 2024 | 8:21 pm
News sentiment analysis
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POSITIVE IMPACT
FedEx shares gained following a positive Q3 earnings report, influencing the market sentiment towards UPS.
FedEx's positive Q3 earnings report has led to an increase in its share price, which in turn has had a sympathetic effect on UPS shares, as the companies are in the same sector.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 70
POSITIVE IMPACT
UPS shares are experiencing an uptick due to FedEx's positive Q3 earnings report.
UPS shares are trading higher as investors react positively to FedEx's Q3 earnings, assuming similar positive performance or market sentiment for UPS.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80