While more than doubling your money might seem like a good result (it's close to $3,000 if dividends were reinvested), the performance of UPS (NYSE: UPS) and its rival FedEx (NYSE: FDX) lagged the S&P 500 over the period. To gauge the success of UPS' transformational strategy (launched in 2018), it's a good idea to look at the stock's performance on a three-, five-, and 10-year basis versus the S&P 500 and FedEx. As you can see below, UPS has notably outperformed the S&P 500 and FedEx over the last three years and held its ground versus the index in the previous five years. Read More...
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Big Short Investor Michael Burry Isn’t Sold on Salesforce.com. Should You Be?
Although we are only one month into 2023, companies such as Microsoft, Amazon, Alphabet, Shopify, Spotify, and Salesforce.com (NYSE: CRM) have all announced layoffs. One notable investor, Michael Burry, who famously predicted the housing collapse in 2008, has recently called out Salesforce.com in a recent Twitter thread. While investors were pleased to read the news regarding layoffs, Burry believes that this reaction is short-sighted and that tough times are ahead for the customer relationship management (CRM) leader.
