Best Growth Stocks for Retirement: United Parcel Services (UPS)
It may seem ironic that I’m recommending United Parcel Service, Inc. (NYSE:UPS) immediately after Amazon.com, given that Amazon is busily building out a logistical network to reduce its dependence on UPS and other delivery services.
But remember, as potent a force as Amazon is, it’s by no means the only name in online retail. And as internet commerce continues to become a bigger and bigger piece of total retail spending, UPS has the wind at its sails.
UPS’ revenues per share have grown by about 55% since 2009, and apart from a single down year during the Great Recession, the company has seen its revenues grow every year for the past 15 years.
Aerial drones, ride-sharing companies like Uber and other non-traditional forms of transportation are emerging as potential competitive threats to UPS. But UPS has precious few competitors when it comes to longer-haul delivery.
UPS is a solid option as a retirement growth stock, and it pays a 3.2% dividend to boot.