2 Blue Chip Stocks That Are Screaming Buys in February
This is a tale of two industrial giants. United Parcel Service (NYSE: UPS) is facing challenging end markets but is executing admirably and will emerge from the slowdown in better shape. In contrast, Boeing (NYSE: BA) faces tremendous end-market demand, and it needs to execute better and take advantage of an improving (but still tricky) supply chain environment. Nevertheless, based on what UPS and Boeing are telling investors, both companies are attractive for 2023. Here's why these two stocks are compelling buys in February.
Global growth is slowing, and that's not usually good news for package-delivery companies. Indeed, CEO Carol Tome told investors on the recent fourth-quarter earnings call that "we expected volume levels to decline from last year, and they did, but more than we planned due to macro conditions." Moreover, management is planning for volume declines in its U.S. domestic package and international package segments in 2023.
That said, however, UPS is still highly attractive based on estimated 2023 valuations, and the underlying development of its business is excellent.
Source Fool.com
