The market didn't take too kindly to UPS (NYSE: UPS) investor and analyst day presentation and promptly sold off the stock on the day of the event. However, the market's knee-jerk reactions often prove too hasty, and I think that's the case here. Let's take a look at why investors are wrong to sell the stock off.
The most likely cause of the sell-off comes down to the fact that management's guidance to 2023 didn't quite live up to expectations. Or at least it didn't live up to Wall Street analyst consensus estimates on one critical metric, free cash flow (FCF).
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Source Fool.com