UPS & Hormel: Buy-Low Turnaround Plays
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Show Notes
UPS and Hormel Foods, both S&P 500 names, have seen their stocks plummet over 55% since early 2022. Despite this, these beaten-down giants present turnaround plays for patient investors seeking value. UPS has made significant strides, closing 93 buildings, automating 57 spots, and cutting $3.5 billion in costs. Theyve also reduced low-margin Amazon volume, leading to a 7.1% increase in U.S. revenue per package. Hormel, on the other hand, has posted 5 straight quarters of organic sales growth, ditched its turkey commodity side, and appointed new CEO leadership. Both companies expect strong earnings growth and offer attractive dividend yields, making them potential buy-low opportunities as the market sells off.
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