Each week, we pick one company that has had recent big news in the business world to hold our title “Stock Watch of the Week”. Here, we explain the details of the company’s news and encourage you to channel your inner “finance bro” and be on the lookout for potential changes of this company’s trading price in the coming days to follow. DISCLAIMER: WE ARE NOT FINANCIAL ADVISORS.
In the spirit of Labor Day just taking place on Monday, our company on stock watch this week is United Parcel Service, Inc. Or as many of you probably know them by “UPS”. You know, the guys who drop off all the unnecessary shit you buy online from anywhere other than Amazon?
But what does UPS’s stock price have to do with Labor Day you might ask? Well this year, probably more than you think. UPS workers are part of the union, and recently, they were threatening to go on strike because they felt that delivery drivers were not getting paid enough. Due to this, they were able to force a new contract to be approved, however, these threats of strikes have caused this stock to bounce up, down, and in circles this year. Which is why you could be on the lookout for opportunities to hold or sell it in the coming months.
These fluctuations in prices are most likely because a strike from a company as big and necessary as UPS could have caused the U.S. and even the World supply chain to encounter some serious disruptions. So with that being said, we felt it would only be fitting to recommend UPS as our stock to watch out for this week, and even for the rest of the year. Check back in with us a week from now for our next Stock Watch of the Week!