Tuesday, March 19, 2019, T+76: the market continues to climb the wall of worry. UNP falls 3% ($5) after a single analyst says the flooding in Nebraska will have a material impact on UNP's revenues/earnings.Wow. I saw that note as a reason to buy. Based on one analyst (whom I won't name), UNP falls 3% on Iowa flood worries.
UNP has been trading in a $155 to $165 range for as long as I can remember. I am getting very, very old, and my memory is not very good, nor has it ever been very good, so I may be mistaken on that trading range. Hey, I have an idea, let's take a look:
Story? Link here. Upbeat 1Q19 earnings. Data points:
- strong 1Q19 earnings
- $1.93 vs $1.89 forecast
- 15% growth y-o-y
- actual earnings have beat forecasts in eight of the last nine quarters
- pays 2%