UNP - Forget 2024 Union Pacific Is One Of My Long-Term Top Plays

2024-01-25 13:35:33 ET

Summary

• Union Pacific Corporation reported strong earnings in Q4 2023, with operating revenue unchanged and a 1% increase in freight revenue.
• UNP showed impressive volume growth and managed to keep operating expenses flat in an inflationary environment.
• Despite a cautious outlook for 2024, Union Pacific is focused on transforming its operations through technology initiatives and targeted capital investments for long-term growth.

Introduction

This is by far the most important week for my portfolio, as most defense contractors and railroads report earnings.

These two industries account for 40% of my entire portfolio, which shows how seriously I take these investments.

One of my largest investments - across all industries - is Union Pacific Corporation ( UNP ) , which was also one of the first stocks I added to my dividend growth portfolio in 2020....

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