UPS Warns cites weaker economy and fuel costs
UPS Parcel Service Inc, (UPS), the world's largest shipping carrier, pointed to a weaker economy and higher fuel costs in trimming its earnings forecast. UPS warning comes on the heels of investors earlier this week receiving reports from aluminum producer Alcoa Inc. (AA) and chip maker Advanced Micro Devices Inc. (AMD) that have made the market uneasy about overall first-quarter results. The surge in oil prices weighed on transportation stocks and contributed to a pessimistic tone in the market. Crude prices jumped following a government report showing U.S. inventories fell by more than expected last week.
 
With a FusionIQ score only 49 out of a possible 100 UPS looks like it will continue to struggle and should be avoided.

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