Can anyone give me an idea of investing in railroad companie...
Can anyone give me an idea of investing in railroad companies like Union Pacific would be wise in this modern economy
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iamiam : yes wise. railroads move massive amounts of goods cheaper than trucking or flying in price per gallon. They have pricing power meaning they will raise rates with oil prices. Plus UPM broke out of a bullish wedge then came back to test the top, it should bounce off and head higher. Hope that helped some. good luck![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
ost is lost : I've heard that UNP is great for dividends.
SpyderCall : $KANSAS CITY SOUTHERN (KSU.US)$ and $Canadian Pacific Railway (CP.US)$. there has been merger news on these two recently. they are huge names in the railroad industry. Might be worth a look
iamiam : if you don't mind me asking, did you invest in UNP? I see they had a good pop today