More Deals Like Chef Boyardee May Be on the Menu
But first, here are some other stories that caught my eye:
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CNBC
a day ago
- CNBC
Cramer's Lightning Round: Don't buy UPS
UPS: "UPS is a real quandary. I love that yield, but I do think that the fundamentals are still hurting. I'm going to have to take a pass on that one [Don't buy! Don't buy! Don't buy! Don't buy!]." SoundHound AI: "...I would be a little careful." Modine: "Modine's got a lot of good things going...I think Dover is a better play for you than Modine." Entergy: "ETR's had such a run, I know it can go higher...I'm going to say right here [don't buy! don't buy]." Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest The CNBC Investing Club Charitable Trust owns shares of Dover.
Yahoo
2 days ago
- Yahoo
United Parcel Service, Inc. (UPS) Launches Voluntary Separation Program; JP Morgan Maintains ‘Neutral' Rating
With a low P/E multiple and potential upside for investors, United Parcel Service, Inc. (NYSE:UPS) is among the . Copyright: lightpoet / 123RF Stock Photo On July 8, 2025, JPMorgan decreased its price target on United Parcel Service, Inc. (NYSE:UPS) from $110 to $107, maintaining a 'Neutral' rating. The analysts at the firm cited persisting uncertainty regarding tariffs and trade policy, and the volatility of spot truckload rates. Meanwhile, on July 18, 2025, under its largest network reconfiguration to date, United Parcel Service, Inc. (NYSE:UPS) launched a voluntary separation program for its full-time employees. Under this program, eligible drivers will earn $1,800 per year of service, in addition to their earned retirement benefits like insurance and health. The employees will earn a minimum payout of $10,000. United Parcel Service, Inc. (NYSE:UPS) has over 10,000 drivers with 25+ years of experience. Thus, this program aims to support such long-serving employees, along with helping the company adapt to rapidly changing business demands. United Parcel Service, Inc. (NYSE:UPS), offering package delivery and logistics services, operates through two segments, U.S. Domestic Package and International Package. It is on the list of cheap transportation stocks. While we acknowledge the potential of UPS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 7 Best Stocks to Invest in for a Quick Return and 10 Best Cheap Stocks to Buy According to Billionaire Ray Dalio. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Yahoo
UPS driver buyout offers: Carrier eyes Aug. 31 start to separations
This story was originally published on Supply Chain Dive. To receive daily news and insights, subscribe to our free daily Supply Chain Dive newsletter. Dive Brief: UPS is offering voluntary buyouts to its full-time U.S. drivers amounting to $1,800 per year of service, with a minimum payout of $10,000, according to an announcement from the carrier Friday. Interested drivers must apply for the program between July 18 and July 31, according to a UPS employee communication viewed by Supply Chain Dive. Applicants will be considered for separation dates between Aug. 31 and Oct. 31 "based on the local needs of the business." "If the maximum number of applications is exceeded, approvals will be granted in seniority order," the communication said. "Additional applications may be considered for separation dates between Feb. 1, 2026, and March 31, 2026." Dive Insight: The undertaking, called the Driver Voluntary Separation Program, is the first in UPS' history for delivery drivers. The financial incentive available through the program is in addition to earned retirement benefits like pension and healthcare, per UPS. Word of the program spread on July 3, when the International Brotherhood of Teamsters union said UPS' buyout plan was in motion. The Teamsters represent more than 300,000 UPS employees under a five-year contract reached in 2023. 'Our members cannot be bought off and we will not allow them to be sold out," Teamsters General President Sean O'Brien said in the union's announcement. "The Teamsters are prepared to fight UPS on every front with every available resource to shut down this illegal buyout program." The union urged members to reject the buyout offers in a LinkedIn post on Friday. UPS did not specify what would happen if a lower-than-expected number of drivers applied for the program. UPS is enacting the buyout program in the midst of a major network overhaul to boost profitability, which will feature several facility closures and an over 50% volume reduction from Amazon, its top customer. The initiative also comes after the carrier revealed plans in April to cut roughly 20,000 U.S. positions this year. "As we work through our network reconfiguration, we remain steadfast in our commitment to providing our customers with the reliable, industry-leading service they expect from UPS," the company said in Friday's announcement. Recommended Reading UPS plans 20K job cuts this year as Amazon pullback advances
