Shareholder-friendly moves and cost-cutting initiatives bode well for the Zacks Transportation-Air Freight and Cargo industry. UPS, FDX and GXO are well-poised to capitalize on the bullishness.
Source: https://www.zacks.com/commentary/2821315/3-air-freight-cargo…
US stocks opened mixed on Thursday as Oracle’s troubling earnings report spooked investors despite the Federal Reserve’s dovish rate cut just a day earlier. The S&P 500 fell 0.3%, unable to hold Wednesday’s momentum near record highs, while the tech-heavy Nasdaq Composite retreated 0.7%, reflecting broader concerns about AI spending sustainability.
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Here is how Caterpillar (CAT) and Gorman-Rupp (GRC) have performed compared to their sector so far this year.
