Jim Cramer: UPS a Coiled Spring with A Lot of Momentum Behind It

UPS said Tuesday it is planning on hiring between 90,000 and 95,000 employees for the holiday season.
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UPS said Tuesday it is planning on hiring between 90,000 and 95,000 employees for the holiday season. Jim Cramer says it means they're getting ready for a surge in deliveries for the holidays. He says UPS is a terrific place to be because it's so far behind Fedex and yet it spent a lot of money to have a better holiday season. Cramer believes UPS is a 'coiled spring', it has a lot of momentum behind it and it's about to go higher. Cramer says people don't like UPS, they like rival Fedex instead but he says: "sometimes you have to buy what's not loved in order to make money." UPS is also working to meet holiday shipping demands by adding operating days and improved shipment tracking timing.