This Stock is Soaring

Today, we’re checking in on one of our favorite gauges of economic health…

Regular readers know we watch several sectors to get a feel for how the economy is doing. When the economy is booming, we usually see a pickup in industrial activity. Construction and manufacturing firms start getting more business. And the same goes for transportation…

Kansas City Southern (KSU) is a $13 billion railroad giant.

It ships industrial products along its 6,700 miles of railroad track between Missouri and Mexico.

Kansas City Southern moves all kinds of products in essential markets like agriculture, energy, and more.

So when this company is making money, we know that commerce is humming along…

In the most recent quarter, Kansas City Southern reported record sales of $714 million, up 5% from the same quarter in 2018.

As you can see in today’s chart, KSU shares are trending higher. The stock is up nearly 40% in 2019 alone, and it recently hit a fresh all-time high. If you’re ever in doubt about the U.S. economy, keep an eye on shipping stocks…

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Source: Daily Wealth’s Market Notes