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Jim Cramer: UPS Is a Buy

<I>TheStreet's</I> Jim Cramer says UPS' earnings miss is a one-time event and the stock is a buy as online retail continues to grow.
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TheStreet's Action Alerts PLUS Co-Portfolio Manager Jim Cramer says shares of UPS are not down more because the earnings estimate miss is a one-time event. The short holiday shopping season and a later big shipping day will not fool UPS again and this is a "sign of the times" since shoppers are moving away from malls and doing more of their shopping online. UPS didn't recognize how strong their business is, which Cramer says is a "high-quality problem." Cramer says UPS is a buy.

At the time of publication, Cramer was long ___.