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UBS Says Transport Stock Rout Is "Overdone" After Amazon News
UBS Says Transport Stock Rout Is "Overdone" After Amazon News
UBS senior analyst Tom Wadewitz, who covers freight transportation, told clients that Amazon's latest push to open its supply chain network to businesses beyond its own marketplace triggered an "overdone" sell-off in transport names, including UPS, FedEx, and C.H. Robinson.
Wadewitz said the risk is not new, noting that Amazon's supply chain service has been around since 2023. He said the pullback has created attractive entry points in select transport stocks, particularly UPS, FedEx, and C.H. Robinson.
"While we view AMZN's...
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Mar 31, 2026 / Tyler Durden
Rubio Issues Veiled Threat After France, Italy Are Latest NATO Allies To Block US Military Flights For Iran War
Rubio Issues Veiled Threat After France, Italy Are Latest NATO Allies To Block US Military Flights For Iran War
Update(1320ET): We detailed earlier that more and more EU and NATO countries are moving to block US military flights operating in Iran. This includes Spain, Switzerland, Italy and now France.
Secretary of State Marco Rubio has declared "without the United States there is no NATO." In a fresh Al Jazeera interview Rubio appeared to issue a veiled threat, suggesting the US could pull the tens of thousands of troops which 'defend Europe' out of...
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May 8, 2026 / Tyler Durden
Political Warfare? Advocacy Group With Ties To Lefty Unions Targets SpaceX IPO
Political Warfare? Advocacy Group With Ties To Lefty Unions Targets SpaceX IPO
The SOC Investment Group is a union-aligned shareholder advocacy organization formerly known as CtW Investment Group. It works with union-sponsored pension funds to mount pressure campaigns against public companies.
SOC's latest pressure campaign appears to target Elon Musk's SpaceX in an attempt to delay or derail the upcoming IPO.
The union-affiliated pension fund adviser, linked to the Service Employees International Union (SEIU) - a labor union that has supported the left-wing, billionaire-funded "No Kings" protest against President Trump...
... has asked...
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May 24, 2026 / Dave DeCamp
US Holds Military Drill in Venezuela’s Capital
The US military on Saturday conducted a drill in the Venezuelan capital of Caracas, marking the first known US military exercise in the country since the January 3 attack to abduct Venezuelan President Nicolas Maduro. The drill involved two US Marine Corps Osprey aircraft landing near the US Embassy in Caracas, which the US officially […]
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