Updates
Later, 4:10 p.m. CT: UNP closed up $9.19 / share; closed at $265.65. Held the gain after hours. Whoo-hoo. I can buy Sophia a new pair of shoes. LOL.
Later, 12:28 p.m. CT: this is insane. How high will UNP surge today? It's up $8.11 / share now.
Original Post
This was obvious to everyone but me ten years ago. I've long forgotten what I posted but a reader told me that "trucking" and "rails" compete. When things are bad for one, things are generally bad for the other.
I took that to heart.
Earlier today I posted that readers would do well to look at railroads.
Today, UNP:
Last September (2021): $190.
Now, why is UNP doing so well.
Two reasons:
- US economy is surging; and
- diesel is costing upwards of $6.00 / gallon
