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Gareth Soloway has been an avid trader since his days at Binghamton University where he studied Economics. After receiving a BA in Economics he began work as a financial advisor. While working as a financial advisor, Gareth continued to study the markets and trade for himself. Following his work... More
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  • THE EASY WAY TO FIND A RUNNER 0 comments
    Nov 3, 2009 11:37 AM | about stocks: FDX, UPS, BNI
    This morning there was news out in the premarket that Warren Buffet's firm Birkshire Hathaway was going to buy Burlington Northern(BNI) for a $25 dollar premium above the previous day's closing share price.  BNI is a leading stock in the railroad and transportation industry.  This should cause a rally in the entire transportation sector.  Therefore, as a trader you can look for sympathy stocks that are leaders in the transportation sector regardless if they are railroad stocks.  Yes,  railroad stocks will rally as well, however, they may already be trading higher by the time the public gets the news.  Therefore, stocks such as FDX, or UPS, are candidates for a move higher on the back of freight and cargo movers that use air travel.  Often less popular names will run as well, however, the higher percentage play is with a leading stock.


    Stocks: FDX, UPS, BNI
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