UPS Starting To Move (UPS)

United Parcel Service, Inc. UPS looks like it's starting to break out, gaining almost 1% today, as it moves sharply higher. At last check, shares of UPS were up 67 cents to $72.36. FedEx FDX reports earnings next week on December 16, and this may well prove to be a catalyst for both names. Investors will want to see what FDX has to say about the global economy, as well as the holiday shopping season, as UPS and FDX are the two largest shipping and logistic companies in the world. Disclosure: long UPS