10 Best Growth Stocks to Buy According to Billionaire Dan Loeb

7. Union Pacific Corporation (NYSE:UNP)

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Union Pacific Corporation (NYSE:UNP) is one of the best growth stocks to buy according to billionaire Dan Loeb. On June 3, Union Pacific Railroad, a Union Pacific Corporation (NYSE:UNP) subsidiary, unveiled its newest commemorative locomotive, No. 4547. The unveiling took place at a ceremony near Corinne, Utah, and the locomotive immediately embarked on its inaugural freight mission, which involved hauling Space Launch System solid rocket motor segments for NASA’s Artemis III lunar exploration program. The program is a collaboration with aerospace and defense company Northrop Grumman and locomotive manufacturer Wabtec.

Union Pacific said in a statement that locomotive No. 4547 is a dedication to President Donald J. Trump. This makes it the third engine in the company’s presidential locomotive series. The first two are No. 1616, which honors President Abraham Lincoln, who signed the Pacific Railway Act in 1862, effectively founding Union Pacific, and No. 4141, which recognizes President George H.W. Bush.

The company detailed that its CEO Jim Vena was joined at the christening ceremony by Utah’s House Speaker, Senate President, and senior officials from NASA, Northrop Grumman, and Wabtec. It added that No. 4547 was also accompanied on the maiden journey by No. 1616, the Lincoln commemorative engine.

The locomotive’s design also commemorates America’s 250th anniversary. Union Pacific said this is a theme it has been weaving across several initiatives this year, including a cross-country tour by its famed Big Boy No. 4014 steam locomotive.

Union Pacific Corporation (NYSE:UNP) is a freight transportation company. It operates a railroad network spanning 23 states across the western two-thirds of the United States. The company mostly transports agricultural products, energy resources, industrial goods, and intermodal containers.