Once again, UPS reported stronger-than-expected volume growth but was not able to leverage that growth into strong upside margin improvement, as yields continued to decelerate.

Materially higher than expected revenue growth and better than expected cost side performance drove the upside in what we view as a high quality, clean quarter.

They're showing better revenue growth than a number of their peers and more importantly it's improving for them.

It's amazing. For all of the talk there was a while ago about higher rates slowing down growth, nothing has been made of it recently. It's something that needs to be looked at and will likely be talked about next week.

AXA Financial continues to deliver strong growth despite turbulent market conditions in the quarter.

AXA Financial continues to deliver strong growth despite turbulent market conditions in the quarter,