Railroads Advance As Benchmarks Erase Early Losses (ARII, GBX, UNP, CNI, NSC, CSX, TRN)
Greenbrier Companies (GBX) missed second-quarter estimates by a nickel in a pre-market report on Wednesday, and shares are surging higher by 8% after a muted reaction the day of the report. Meanwhile, shares of American Railcar Industries (ARII) are also surging on sparse news, and the the Railroad Stocks Index is ahead by 1.4%.
Today’s other winners in the railroad rally include giants Union Pacific Corp (UNP), Canadian National Railway Co (CNI), and Norfolk Southern Corp (NSC). All three are ahead by more than 8% over the past month.
Across all of tickerspy’s Indexes, the Railroad Stocks Index is ranked 49 in performance over the last month. To see a performance graph, Index components, and dividend and valuation metrics, visit the Railroad Stocks Index at tickerspy.com.
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