5 Most Profitable Industrial Stocks to Buy Now

2. Union Pacific Corporation (NYSE:UNP)

Return on Equity: 40.69%

Net Profit Margin: 29.20%

Number of Hedge Fund Holders: 96

Union Pacific Corporation (NYSE:UNP) is one of the most profitable industrial stocks to buy now. On May 28, the Surface Transportation Board confirmed that it has received the merger application from Union Pacific Corporation (NYSE:UNP) and Norfolk Southern Corporation. The application paves the way for the proposed merger to move forward in the review process.

However, the board has paused the review of the proposed $85 billion merger application as it seeks more information from the companies. The board has requested that the companies submit additional information on enhanced competition, market share projections, and downstream merger impacts. Environmental review is one of the proceedings that remain on hold.

Meanwhile, Union Pacific has submitted a comprehensive application detailing the integration plan. The merger application consists of actual traffic data from six North American Class I railroads. The companies have guaranteed jobs for every union employee at the time of the merger. In addition, the merger is to require 1,200 net new union jobs by the third year.

Union Pacific Corporation (NYSE:UNP) is one of North America’s premier freight railroad networks. It connects 23 states across the western two-thirds of the U.S. using over 32,000 miles of track. The company operates a crucial supply chain, moving bulk, industrial, and consumer goods between major ports, manufacturing centers, and international gateways.