Report
Keith Schoonmaker, CFA
EUR 147.86 For Business Accounts Only

Trump's Election Increases Uncertainty on Transports, Especially Kansas City Southern

Donald Trump’s victory in the U.S. presidential election implies some potential negatives for transports, but perhaps a long-run positive as well. We encourage investors to focus on fundamentals and use gyrations in sentiment as potential buying opportunities for high-quality companies. At the fore, given Trump’s criticism of NAFTA and the Trans-Pacific Partnership, his election will cause near-term declines to railroads, especially those serving Mexico via NAFTA, as well as TPP beneficiaries Fe...
Underlying
Norfolk Southern Corporation

Norfolk Southern is a holding company. Through its subsidiaries, the company is engaged in the rail transportation of raw materials, intermediate products, and finished goods primarily in the Southeast, East, and Midwest and, via interchange with rail carriers, to and from the rest of the United States. The company also transports overseas freight through several Atlantic and Gulf Coast ports. The company provides intermodal network in the eastern half of the United States. The company's railroad operates in several states and the District of Columbia. The company's system reaches manufacturing plants, electric generating facilities, mines, distribution centers, transload facilities, and other businesses in its service area.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Keith Schoonmaker, CFA

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