Other notable contributors included UPS (UPS, Financial), which rose following its second-quarter earnings release featuring stronger-than-expected consumer demand. Though we trimmed our position following the earnings beat, we are optimistic that the company's efforts to address the profitability of its domestic package business and revamp its pricing program are paying off.
From the T Rowe Price Equity Income Fund (Trades, Portfolio)'s 2020 annual shareholder letter.
