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DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.

Sunday, January 10, 2010

United Parcel Service Is Climbing On Q4 Guidance News

United Parcel Service increased its fourth quarter EPS forecast to between $0.73 and $0.75 Friday morning, from prior expectations of $0.58 to $0.65. The consensus estimate is for EPS of $0.63.

United Parcel Service gapped open sharply higher Friday and is now up 3.25 at $60.66 up in early trade. The stock has broken out past resistance and has set a new high for the year.

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