Jim Cramer’s Lightning Rounds: 12 Stocks Under the Spotlight

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

Number of Hedge Fund Holders: 43

When asked about United Parcel Service, Inc. (NYSE:UPS), Cramer stated that with the holiday season approaching, the company has disrupted many holiday seasons in the past.

“You’re going right into the holiday season and UPS has screwed up a lot of holiday seasons. If you want to take a shot, then I say take a shot with FedEx. I’m not kidding because they have it better. They’re all set.”

United Parcel Service (NYSE:UPS) is a prominent global package delivery and logistics company that provides a broad range of services including transportation, distribution, contract logistics, ocean and air freight, customs brokerage, and insurance. Recently, it reported its third-quarter earnings, marking the first year-over-year growth in adjusted earnings per share after six consecutive quarters of declines. This performance comes amidst a challenging landscape for the parcel industry, which has faced weaker shipping demand following the surge seen during the pandemic.

In the third quarter, the company’s revenue met analyst expectations. However, for the full year, the company revised its consolidated revenue forecast downward, adjusting it to $91.1 billion from the previous estimate of $93 billion. United Parcel Service (NYSE:UPS) management recently noted that the company faced a macroeconomic environment that proved somewhat worse than expected, with a slowdown in U.S. online sales and lower-than-anticipated manufacturing activity. These trends were also evident internationally, where reduced industrial production in several regions continued to put pressure on volume.