Jim Cramer: Holiday Shopping Season Will Bode Well For UPS
Jim Cramer shares thoughts on UPS, which reported earnings on Friday morning.
Jim Cramer shares thoughts on UPS, which reported earnings on Friday morning. The numbers beat analyst expectations on both the top and bottom lines. Cramer says the company is well-positioned to be successful during the holiday shopping season and has spent money extensively to prepare for the rise in shipping demand, despite criticism that the company hasn't invested enough in its infrastructure. With 11% growth expected for the holiday season, Cramer says he likes UPS and thinks the stock will go higher. Shares of the shipping service rose 1% midday on Friday, but remain down 3.4% since the start of the year.









