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Who says the old economy can’t be hot? Norfolk Southern Corporation (NYSE: NSC – News), the east coast railroad transportation company, recently reported record second quarter results and raised its dividend. This Zacks #1 Rank (strong buy) is a value stock with a forward P/E of 12.6.

Norfolk Southern operates a railroad in 22 states and the District of Columbia. It serves all the major container ports in the Eastern United States through 20,000 route miles.

The company is a big transporter of coal and industrial products.

Full article here

Regards,

Don