UNP
Decouvert par les declarations du Congres
- Insiders
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- Total bought
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- Total sold
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- Last activity
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- Last synced
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2026-08-04 10:23:03
Insider holdings as a share of total assets aren't available for this company.
Price (1 year)
Live chart from TradingView - pulls its own market data, independent of this site's database. Symbol resolution is best-effort (defaults to NASDAQ) since we don't store the exchange prefix.
Market snapshot
Signal
Bullish signal Scored 2026-09-06
Union Pacific presents a compelling event-driven setup anchored by a high-conviction M&A catalyst (STB supplemental filing with customer commitments), supported by solid fundamentals including improving margins…
The first sentence of the analysis written for UNP on 2026-09-06 - a real excerpt, not a sample. The rest of it, the 0-100 score and the rating it produced are part of Plus. See plans.
Financial ratios
| Metric | Trend | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|---|
| Gross Profit Margin | 59.4% | 45.5% | 43.7% | 45.0% | 48.2% | |
| Ebit Margin | 42.7% | 41.5% | 39.7% | 41.6% | 44.2% | |
| Ebitda Margin | 52.8% | 51.5% | 49.5% | 50.8% | 54.3% | |
| Operating Profit Margin | 40.1% | 40.1% | 37.7% | 39.9% | 42.8% | |
| Pretax Profit Margin | 37.4% | 36.3% | 34.1% | 36.5% | 38.9% | |
| Continuous Operations Profit Margin | 29.1% | 27.8% | 26.4% | 28.1% | 29.9% | |
| Net Profit Margin | 29.1% | 27.8% | 26.4% | 28.1% | 29.9% | |
| Bottom Line Profit Margin | 29.1% | 27.8% | 26.4% | 28.1% | 29.9% | |
| Current Ratio | 0.908 | 0.765 | 0.812 | 0.716 | 0.618 | |
| Quick Ratio | 0.751 | 0.619 | 0.667 | 0.582 | 0.510 | |
| Solvency Ratio | 0.188 | 0.181 | 0.167 | 0.174 | 0.177 | |
| Cash Ratio | 0.254 | 0.193 | 0.207 | 0.176 | 0.167 | |
| Price To Earnings Ratio | 19.261 | 20.544 | 23.459 | 18.423 | 25.243 | |
| Price To Earnings Growth Ratio | 2.349 | 3.414 | -3.424 | 1.459 | 0.959 | |
| Forward Price To Earnings Growth Ratio | 2.349 | 3.414 | -3.424 | 1.459 | 0.959 | |
| Price To Earnings Diluted Ratio | 19.325 | 20.563 | 23.504 | 18.472 | 25.320 | |
| Price To Earnings Diluted Growth Ratio | 2.435 | 3.357 | -3.467 | 1.459 | 0.964 | |
| Price To Book Ratio | 7.422 | 8.203 | 10.118 | 10.601 | 11.631 | |
| Price To Sales Ratio | 5.592 | 5.714 | 6.204 | 5.184 | 7.554 | |
| Price To Free Cash Flow Ratio | 24.924 | 23.508 | 31.350 | 22.456 | 27.020 | |
| Price To Operating Cash Flow Ratio | 14.753 | 14.825 | 17.858 | 13.773 | 18.236 | |
| Debt To Assets Ratio | 0.456 | 0.479 | 0.509 | 0.534 | 0.496 | |
| Debt To Equity Ratio | 1.723 | 1.922 | 2.311 | 2.874 | 2.224 | |
| Debt To Capital Ratio | 0.633 | 0.658 | 0.698 | 0.742 | 0.690 | |
| Long Term Debt To Capital Ratio | 0.621 | 0.638 | 0.678 | 0.722 | 0.661 | |
| Financial Leverage Ratio | 3.774 | 4.009 | 4.540 | 5.381 | 4.486 | |
| Working Capital Turnover Ratio | -28.972 | -22.136 | -19.097 | -13.228 | -20.264 | |
| Operating Cash Flow Ratio | 1.853 | 1.779 | 1.641 | 1.696 | 1.572 | |
| Operating Cash Flow Sales Ratio | 0.379 | 0.385 | 0.347 | 0.376 | 0.414 | |
| Free Cash Flow Operating Cash Flow Ratio | 0.592 | 0.631 | 0.570 | 0.613 | 0.675 | |
| Debt Service Coverage Ratio | 3.860 | 3.879 | 3.646 | 3.582 | 2.976 | |
| Interest Coverage Ratio | 7.516 | 7.654 | 6.778 | 7.803 | 8.071 | |
| Short Term Operating Cash Flow Coverage Ratio | 6.112 | 6.559 | 5.888 | 5.579 | 4.170 | |
| Operating Cash Flow Coverage Ratio | 0.292 | 0.288 | 0.245 | 0.268 | 0.287 | |
| Capital Expenditure Coverage Ratio | 2.451 | 2.707 | 2.324 | 2.586 | 3.076 | |
| Dividend Paid And Capex Coverage Ratio | 1.322 | 1.402 | 1.236 | 1.381 | 1.575 | |
| Dividend Payout Ratio | 0.453 | 0.476 | 0.497 | 0.451 | 0.429 | |
| Enterprise Value Multiple | 12.945 | 13.603 | 15.322 | 12.894 | 16.486 |
Sparkline shows each ratio oldest → newest (left → right).
How the latest year compares
For each ratio: its most recent value, the change versus one year earlier, and versus its 5-year average. ▲ higher ▼ lower
| Metric | Current | vs 1Y ago | vs 5Y avg |
|---|---|---|---|
| Gross Profit Margin | 59.4% | ▲13.9% | ▲11.0% |
| Ebit Margin | 42.7% | ▲1.2% | ▲0.8% |
| Ebitda Margin | 52.8% | ▲1.3% | ▲1.0% |
| Operating Profit Margin | 40.1% | ▲0.1% | ▲0.0% |
| Pretax Profit Margin | 37.4% | ▲1.1% | ▲0.8% |
| Continuous Operations Profit Margin | 29.1% | ▲1.3% | ▲0.8% |
| Net Profit Margin | 29.1% | ▲1.3% | ▲0.8% |
| Bottom Line Profit Margin | 29.1% | ▲1.3% | ▲0.8% |
| Current Ratio | 0.908 | ▲0.143 | ▲0.144 |
| Quick Ratio | 0.751 | ▲0.133 | ▲0.126 |
| Solvency Ratio | 0.188 | ▲0.007 | ▲0.010 |
| Cash Ratio | 0.254 | ▲0.061 | ▲0.055 |
| Price To Earnings Ratio | 19.261 | ▼-1.284 | ▼-2.125 |
| Price To Earnings Growth Ratio | 2.349 | ▼-1.065 | ▲1.398 |
| Forward Price To Earnings Growth Ratio | 2.349 | ▼-1.065 | ▲1.398 |
| Price To Earnings Diluted Ratio | 19.325 | ▼-1.238 | ▼-2.112 |
| Price To Earnings Diluted Growth Ratio | 2.435 | ▼-0.922 | ▲1.486 |
| Price To Book Ratio | 7.422 | ▼-0.782 | ▼-2.174 |
| Price To Sales Ratio | 5.592 | ▼-0.122 | ▼-0.458 |
| Price To Free Cash Flow Ratio | 24.924 | ▲1.416 | ▼-0.927 |
| Price To Operating Cash Flow Ratio | 14.753 | ▼-0.072 | ▼-1.136 |
| Debt To Assets Ratio | 0.457 | ▼-0.023 | ▼-0.038 |
| Debt To Equity Ratio | 1.723 | ▼-0.199 | ▼-0.488 |
| Debt To Capital Ratio | 0.633 | ▼-0.025 | ▼-0.051 |
| Long Term Debt To Capital Ratio | 0.621 | ▼-0.017 | ▼-0.043 |
| Financial Leverage Ratio | 3.774 | ▼-0.235 | ▼-0.664 |
| Working Capital Turnover Ratio | -28.972 | ▼-6.836 | ▼-8.232 |
| Operating Cash Flow Ratio | 1.853 | ▲0.074 | ▲0.145 |
| Operating Cash Flow Sales Ratio | 0.379 | ▼-0.006 | ▼-0.002 |
| Free Cash Flow Operating Cash Flow Ratio | 0.592 | ▼-0.039 | ▼-0.024 |
| Debt Service Coverage Ratio | 3.860 | ▼-0.020 | ▲0.271 |
| Interest Coverage Ratio | 7.516 | ▼-0.138 | ▼-0.048 |
| Short Term Operating Cash Flow Coverage Ratio | 6.112 | ▼-0.447 | ▲0.450 |
| Operating Cash Flow Coverage Ratio | 0.292 | ▲0.004 | ▲0.016 |
| Capital Expenditure Coverage Ratio | 2.450 | ▼-0.257 | ▼-0.178 |
| Dividend Paid And Capex Coverage Ratio | 1.322 | ▼-0.080 | ▼-0.061 |
| Dividend Payout Ratio | 0.453 | ▼-0.023 | ▼-0.008 |
| Enterprise Value Multiple | 12.945 | ▼-0.658 | ▼-1.305 |
Key metrics
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Market cap | $137.06B | $138.56B | $149.63B | $128.94B | $164.71B | |
| Enterprise value | $167.60B | $170.00B | $182.76B | $162.93B | $195.24B | |
| EV / Sales | 6.84x | 7.01x | 7.58x | 6.55x | 8.95x | |
| EV / Op. cash flow | 18.04x | 18.19x | 21.81x | 17.40x | 21.62x | |
| EV / Free cash flow | 30.48x | 28.84x | 38.29x | 28.38x | 32.03x | |
| EV / EBITDA | 12.95x | 13.60x | 15.32x | 12.89x | 16.49x | |
| Net debt / EBITDA | 2.36x | 2.52x | 2.78x | 2.69x | 2.58x | |
| Current ratio | 0.91x | 0.77x | 0.81x | 0.72x | 0.62x | |
| Income quality | 1.30x | 1.39x | 1.31x | 1.34x | 1.39x | |
| Graham number | $92 | $83 | $76 | $70 | $70 | |
| Graham net-net | -$81 | -$79 | -$81 | -$81 | -$72 | |
| Tax burden | 77.9% | 76.7% | 77.5% | 77.1% | 76.9% | |
| Interest burden | 87.5% | 87.4% | 86.0% | 87.7% | 88.0% | |
| Working capital | -$459.0M | -$1.23B | -$958.0M | -$1.57B | -$2.19B | |
| Invested capital | $59.93B | $58.41B | $58.08B | $56.14B | $54.47B | |
| Return on assets | 10.2% | 10.0% | 9.5% | 10.7% | 10.3% | |
| Operating ROA | 14.3% | 14.4% | 13.7% | 15.4% | 14.8% | |
| Return on tangible assets | 10.4% | 10.1% | 9.6% | 10.8% | 10.4% | |
| Return on equity | 38.7% | 39.9% | 43.1% | 57.5% | 46.1% | |
| Return on invested capital | 11.7% | 11.6% | 11.0% | 12.4% | 11.9% | |
| Return on capital employed | 15.2% | 15.6% | 14.6% | 16.5% | 16.2% | |
| Earnings yield | 5.2% | 4.9% | 4.3% | 5.4% | 4.0% | |
| Free cash flow yield | 4.0% | 4.3% | 3.2% | 4.5% | 3.7% | |
| Capex / Op. cash flow | 40.8% | 36.9% | 43.0% | 38.7% | 32.5% | |
| Capex / Depreciation | 153.8% | 144.0% | 155.6% | 161.2% | 133.0% | |
| Capex / Sales | 15.5% | 14.2% | 15.0% | 14.6% | 13.5% | |
| SG&A / Sales | 13.6% | 0.0% | 6.0% | 5.2% | 5.4% | |
| R&D / Sales | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
| Stock comp / Sales | 0.0% | 0.0% | 0.0% | 0.4% | 0.4% | |
| Intangibles / Total assets | 1.1% | 1.2% | 1.2% | 1.1% | 1.1% | |
| Days sales outstanding | 28d | 29d | 31d | 28d | 29d | |
| Days payables outstanding | 29d | 23d | 23d | 21d | 24d | |
| Operating cycle | 57d | 50d | 51d | 48d | 49d | |
| Cash conversion cycle | 27d | 26d | 28d | 27d | 25d |
Change by theme
Grouped by what each metric measures. Each figure is the change over the period shown — ▲ up ▼ down versus then.
Change over 1 year
Change over 5 years
Employee count
Peer market caps
Congressional trades
Recent trades
| Date | Representative | Type | Amount |
|---|---|---|---|
| 2026-05-01 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2026-04-13 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2026-01-29 | Ro Khanna | Sale | $15,001 - $50,000 |
| 2025-12-18 | Julie Johnson | Sale | $1,001 - $15,000 |
| 2025-11-13 | Julie Johnson | Sale | $1,001 - $15,000 |
| 2025-10-14 | Scott Mr Franklin | Purchase | $50,001 - $100,000 |
| 2025-10-14 | Scott Mr Franklin | Purchase | $1,001 - $15,000 |
| 2025-09-05 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2025-08-26 | Ro Khanna | Purchase | $15,001 - $50,000 |
| 2025-08-14 | Julie Johnson | Sale | $1,001 - $15,000 |
| 2025-08-08 | Adam Smith | Sale (Full) | $1,001 - $15,000 |
| 2025-07-22 | Lisa McClain | Purchase | $1,001 - $15,000 |
| 2025-07-11 | Ritchie Torres | Sale (Full) | $1,001 - $15,000 |
| 2025-06-04 | Josh Gottheimer | Sale | $1,001 - $15,000 |
| 2025-04-21 | Scott Mr Franklin | Purchase | $1,001 - $15,000 |
| 2025-04-17 | Josh Gottheimer | Sale (Partial) | $1,001 - $15,000 |
| 2025-04-11 | Dan Newhouse | Sale (Partial) | $1,001 - $15,000 |
| 2025-04-08 | Rob Bresnahan | Purchase | $1,001 - $15,000 |
| 2025-03-24 | George Whitesides | Sale (Full) | $50,001 - $100,000 |
| 2025-02-25 | Julie Johnson | Purchase | $1,001 - $15,000 |
| 2025-02-24 | Jefferson Shreve | Purchase | $15,001 - $50,000 |
| 2025-02-03 | Josh Gottheimer | Purchase | $1,001 - $15,000 |
| 2024-12-13 | Josh Gottheimer | Purchase | $1,001 - $15,000 |
| 2024-11-15 | Ro Khanna | Purchase | $15,001 - $50,000 |
| 2024-11-08 | Mike Kelly | Sale | $15,001 - $50,000 |
| 2024-09-26 | Ritchie Torres | Purchase | $1,001 - $15,000 |
| 2024-09-11 | William R. Keating | Sale | $1,001 - $15,000 |
| 2024-09-04 | John James | Sale (Full) | $1,001 - $15,000 |
| 2024-06-14 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2023-12-04 | John Curtis | Sale | $1,001 - $15,000 |
| 2023-11-10 | John James | Purchase | $1,001 - $15,000 |
| 2023-11-03 | Carol Devine Miller | Sale (Full) | $15,001 - $50,000 |
| 2023-10-31 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2023-10-24 | Greg Stanton | Sale | $1,001 - $15,000 |
| 2023-10-02 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2023-09-26 | Greg Stanton | Purchase | $1,001 - $15,000 |
| 2023-09-13 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2023-09-13 | John Curtis | Sale (Partial) | $1,001 - $15,000 |
| 2023-09-08 | Lois Frankel | Sale | $1,001 - $15,000 |
| 2023-07-27 | Robert J. Wittman | Sale (Partial) | $1,001 - $15,000 |
| 2023-06-29 | Ro Khanna | Purchase | $15,001 - $50,000 |
| 2023-05-26 | Zoe Lofgren | Sale (Full) | $15,001 - $50,000 |
| 2023-05-23 | Ro Khanna | Sale | $15,001 - $50,000 |
| 2023-05-23 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2023-05-19 | Ro Khanna | Sale | $15,001 - $50,000 |
| 2023-05-10 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2023-03-24 | Ro Khanna | Purchase | $15,001 - $50,000 |
| 2023-03-14 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2023-02-16 | Ro Khanna | Purchase | $15,001 - $50,000 |
| 2023-02-16 | Ro Khanna | Purchase | $15,001 - $50,000 |
| 2023-02-10 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2023-01-31 | Daniel Goldman | Sale | $50,001 - $100,000 |
| 2022-12-06 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2022-11-30 | Lois Frankel | Purchase | $1,001 - $15,000 |
| 2022-11-03 | Ro Khanna | Purchase | $15,001 - $50,000 |
| 2022-11-02 | Ro Khanna | Sale | $15,001 - $50,000 |
| 2022-10-21 | Kurt Schrader | Sale (Full) | $1,001 - $15,000 |
| 2022-10-20 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2022-10-20 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2022-09-29 | Ro Khanna | Purchase | $15,001 - $50,000 |
| 2022-09-16 | Kurt Schrader | Sale (Full) | $1,001 - $15,000 |
| 2022-09-06 | Ro Khanna | Sale | $15,001 - $50,000 |
| 2022-08-03 | Kathy Manning | Sale (Full) | $1,001 - $15,000 |
| 2022-07-20 | Kathy Manning | Purchase | $1,001 - $15,000 |
| 2022-07-19 | Ro Khanna | Purchase | $15,001 - $50,000 |
| 2022-06-08 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2022-06-03 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2022-05-23 | Ro Khanna | Sale | $50,001 - $100,000 |
| 2022-05-20 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2022-05-20 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2022-05-19 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2022-05-19 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2022-05-18 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2022-05-18 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2022-05-11 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2022-05-11 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2022-05-10 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2022-05-10 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2022-05-09 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2022-05-09 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2022-05-06 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2022-04-04 | Zoe Lofgren | Purchase | $15,001 - $50,000 |
| 2022-04-04 | Zoe Lofgren | Purchase | $15,001 - $50,000 |
| 2022-03-09 | John Curtis | Sale (Partial) | $1,001 - $15,000 |
| 2022-03-08 | Dan Newhouse | Purchase | $1,001 - $15,000 |
| 2022-03-08 | Kurt Schrader | Purchase | $1,001 - $15,000 |
| 2022-03-08 | Kurt Schrader | Purchase | $1,001 - $15,000 |
| 2022-01-05 | Kurt Schrader | Sale (Full) | $1,001 - $15,000 |
| 2021-11-26 | Peter Welch | Sale (Full) | $15,001 - $50,000 |
| 2021-11-08 | Kurt Schrader | Sale (Full) | $1,001 - $15,000 |
| 2021-09-01 | Lois Frankel | Purchase | $1,001 - $15,000 |
| 2021-03-31 | Rick Larsen | Sale (Full) | $1,001 - $15,000 |
| 2021-02-16 | Peter Meijer | Sale (Full) | $1,001 - $15,000 |
| 2021-01-20 | Kurt Schrader | Sale (Full) | $1,001 - $15,000 |
| 2020-11-25 | Rick Larsen | Purchase | $1,001 - $15,000 |
| 2020-11-12 | Kenny Marchant | Sale (Full) | $15,001 - $50,000 |
| 2020-11-05 | Katherine M. Clark | Sale (Full) | $1,001 - $15,000 |
| 2020-10-22 | Katherine M. Clark | Purchase | $1,001 - $15,000 |
| 2020-08-07 | Joe Courtney | Sale (Full) | $1,001 - $15,000 |
| 2020-08-04 | Carol Devine Miller | Purchase | $15,001 - $50,000 |
Recent news
- 2026-08-01 Axiom Investment Management LLC Takes $9.15 Million Position in Union Pacific Corporation $UNP Axiom Investment Management LLC acquired a new stake in Union Pacific Corporation (NYSE: UNP) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 37,719 shares of the railroad operator''s stock, valued at approximately $9,151,000. Union Pacific comprises 7.0% of
- 2026-07-31 What a $101.5 Billion Trade Deficit Really Means for Americans in 2026 America''s shrinking trade deficit looks like good news until you trace who is actually winning and who is quietly absorbing the cost, and the answer shows up in steel mill records, empty freight trailers, and a consumer sentiment index near historic lows.
- 2026-07-29 Union Pacific Corporation Announces 3% Dividend Increase for Third Quarter 2026 OMAHA, Neb.--(BUSINESS WIRE)--Union Pacific Corporation (NYSE: UNP) announced that its Board of Directors today voted to increase the quarterly dividend on the Company''s common shares by 3% to $1.42 per share. The dividend is payable September 30, 2026, to shareholders of record August 31, 2026. Union Pacific has paid dividends on its common stock for 127 consecutive years. “Union Pacific remains committed to delivering strong financial results and long-term value for our shareholders,” said Je.
- 2026-07-29 Union Pacific (UNP) is a Great Momentum Stock: Should You Buy? Does Union Pacific (UNP) have what it takes to be a top stock pick for momentum investors? Let''s find out.
- 2026-07-27 Union Pacific, Norfolk Southern File Supplemental Information to STB on Merger The companies added commitments, including expanded gateway pricing, to ensure the combined railroad will provide faster, more reliable service as promised.
- 2026-07-27 Union Pacific and Norfolk Southern Affirm Strength of Merger Application and Offer Unprecedented New Customer Assurances OMAHA, Neb. & ATLANTA--(BUSINESS WIRE)--Union Pacific (NYSE: UNP) and Norfolk Southern (NYSE: NSC) today enhanced their merger application by offering customer protections that go beyond those provided in any prior rail merger. The new commitments are provided with the supplemental information requested by the Surface Transportation Board (STB) when it accepted the companies'' merger application as complete on May 28, 2026. “We are more confident than ever that creating America''s first transcont.
- 2026-07-27 Union Pacific: Service-Led Growth Can Drive Better Margins And Earnings I rate Union Pacific a buy as service improvements are driving volume gains, margin expansion, and higher earnings. UNP''s domestic intermodal growth, improved car velocity, and higher workforce productivity underpin a positive investment thesis. Management raised FY2026 EPS growth guidance to high single digits, with a target share price of ~$350 at 23.6x forward P/E.
- 2026-07-27 Union Pacific: The Old-Economy Stock Delivering New-Economy Returns Union Pacific has delivered a 40% total return since July 2025, far outpacing the S&P 500. UNP''s Q2 2026 results showed 12% YoY revenue growth, strong pricing power, and operating leverage through productivity gains. Management guides for high single-digit EPS growth, supported by domestic intermodal, petrochemicals, and U.S. reindustrialization tailwinds.
- 2026-07-26 America''s Most Powerful Banker Just Confirmed It: I Want These 5 Stocks, Not The Market I prioritize a TOLL+M investment model—tangible assets, oligopoly advantages, low incremental CapEx, durable cash flows, and macro tailwinds—to build resilient portfolios. Jamie Dimon highlights that even with 2% inflation, 10-year yields should remain above 4.0-4.5% due to risk premiums, supporting my ''run-it-hot'' thesis. The S&P 500 prices in a ''good outcome'' with little margin of safety; I see greater opportunity in selective stock picking over broad index exposure.
- 2026-07-25 Billionaire Investor Seth Klarman''s Top 5 Stocks: Would He Buy More Today? Seth Klarman''s Baupost Group rarely shows its cards, so when the latest 13F filing (holdings as of March 31, 2026, filed May 14, 2026) disclosed his five largest long common-stock positions, the disclosure read like a treasure map.