In the US, railways became the center of interest for the rich: the shares of railway companies, which have seen significant losses in stock exchanges recently, have started to re-enter the world's largest and richest investors.
CSX Corp., Union Pacific UNP and Norfolk Southern, one of the largest railroad companies in the US, have each lost 20 and 25 percent since January. In an analysis article on the MarketWatch site, it was pointed out that with the increasing belief in the US economy, billionaire investors such as Bill Gates and Warren Buffett tend to turn to these shares again.
Buffett's company, Berkshire Hathaway, acquired the railroad company Burlington Northern Santa Fe in 2009.
Bill Gates is known to be one of the shareholders of the company called Canadian National.
Why 7 supports the belief in railway companies?
1-Increasing economic viability within the US
2-Companies begin to terminate the cost cutting processes
3 - The downward trend in commodity prices that started early-2015
4-Bargaining costs become viable
5-Better dividend probability
6-Increasing the belief of analysts
7-Increasing expectations for economic recovery