Better Stock Buy Now: FedEx or UPS?
FedEx (NYSE: FDX) stock suffered its largest single-day decline in company history last week after it cut its full-year fiscal 2023 guidance and gave a disappointing outlook for the first half of the fiscal year (which ends May 31, 2023). United Parcel Service's (NYSE: UPS) stock price fell 4.5% in sympathy, but it was not nearly as severe when compared to FedEx's 21.4% decline.
FedEx stock is now down more than 50% from its all-time high set in May 2021, while UPS is only down 27.4% from its all-time high set in February. While the bigger opportunity for stock price recovery seems to fall with FedEx, there are several reasons why UPS could still be the better buy right now. Let's take a closer look.
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Source Fool.com
