Why Package Delivery Stocks Will Thrive During a Recession
2020 is coming to a close, and investors in virtually every sector are getting rewarded as equity valuations continue their seemingly undeterred push higher. Strong Black Friday and Cyber Monday sales kicked off what is now a thriving holiday season.
Package delivery giants like United Parcel Service (NYSE: UPS) and FedEx (NYSE: FDX) are well-positioned to benefit from online orders and higher package volume. But they also have the characteristics to thrive during a recession. Here's what makes freight and logistics companies like UPS and FedEx unique and why they could deserve a place in your portfolio right now.
Image source: Getty Images.
Source Fool.com
