Jim Cramer’s Game Plan: 23 Stocks to Watch

17. United Parcel Service, Inc. (NYSE:UPS)

Number of Hedge Fund Holders: 44

Cramer recently discussed United Parcel Service, Inc. (NYSE:UPS) as the company passed his YEV stocks criteria. We explained what the YEV criteria are and more in our article, Jim Cramer’s Exclusive List of 9 YEV Stocks. Here’s what Cramer said on October 18:

“Could this be the quarter that gets UPS out of its funk? It’s possible. And that almost 5% yield might cushion the blow if something goes wrong.”

United Parcel Service (NYSE:UPS) is a prominent package delivery and logistics company, known for its extensive range of services, which include transportation, distribution, contract logistics, and various freight solutions. In September, it announced the acquisition of Frigo-Trans and its sister company BPL, both recognized leaders in healthcare logistics based in Germany.

While the financial details of the transaction were not disclosed, these companies bring significant expertise in managing complex healthcare logistics, including a network of temperature-controlled warehousing spanning six temperature zones and a comprehensive cold chain transportation solution across Europe. The acquisition is expected to improve the company’s capabilities in meeting the growing demands of healthcare customers who require efficient handling of temperature-sensitive and time-critical shipments.

Kate Gutmann, UPS’s Executive Vice President and President of International, Healthcare and Supply Chain Solutions, noted that the rapid advancements in the pharmaceutical industry are driving the need for integrated cold and frozen supply chains. She emphasized that Frigo-Trans will expand the company’s solution offerings and support the company’s ambition to become the leading provider of complex healthcare logistics globally.

On October 10, Wells Fargo raised the price target on United Parcel Service (NYSE:UPS) to $142 from $134 and kept an Overweight rating. Ahead of the third-quarter earnings report, the firm made slight adjustments to its estimates for the fourth quarter but kept its outlook for the third quarter positive. The firm observed favorable trends for the company in the third quarter, with signs of volume growth and pricing actions suggesting a pathway to achieving the company’s full-year guidance.