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Hedge Funds Favor Union Pacific Corporation (UNP) Over Canadian Pacific (CP): UNP Beat Earnings and Just Got a Major Win
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Union Pacific Corporation (NYSE:UNP)’s Big Boy 4014, the world’s largest operating steam locomotive, has been touring the country this summer, and grown adults keep tearing up when they see it.
A Strong QuarterOn the business itself, Union Pacific Corporation (NYSE:UNP) reported a strong quarter.
The day before earnings, Union Pacific settled with Canadian National Railway, a major opponent that had been pushing regulators to demand more information.
The Surface Transportation Board (STB) paused its review in May and just this week ordered Union Pacific to make employee-impact data public.
In contract, there were only 45 hedge funds with bullish Canadian Pacific Kansas City (CP) positions at the end of Q1.