#7 - Union Pacific (NYSE:UNP)
Union Pacific Corporation (NYSE: UNP) presents investors with a heads you win, tails you still win scenario. The business of commerce endures through both strong and weak economies. If you're a trader, then your decision to own UNP stock will depend on how strong or how weak you believe the economy is.
But for long-term investors, this is an example of a stock that allows you to sit back and enjoy the ride. Union Pacific’s network of railroads spans 23 states and plays a central role in transporting a range of commodities. This helps provide stable revenue and operating margins even when the economy is in a downturn.
Over the next several years, oil prices are likely to trend higher, and most analysts believe that the Fed will lower interest rates at least a few times. Both of those events will be bullish for Union Pacific. Even if the economy continues to tread water or gets weaker, investors who take a position now can collect a dividend that has been growing for 18 consecutive years.
About Union Pacific
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.
Read More - Current Price
- $249.45
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 13 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $263.30 (5.6% Upside)
Owning growth stocks can be exhilarating. However, when you see the share price of many “quality" companies drop by 5% or more, that exhilaration can quickly turn to panic.
By contrast, buying defensive, dividend-paying stocks is often dismissed as being too boring. But when the market takes a tumble, you'll realize that boring is a beautiful thing. Owning these stocks can provide the peace of mind to step away from your screen, knowing that your portfolio will be fine no matter how volatile the markets get.
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