- 10 Dividend Picks For Your Portfolio: Chief Investors
- 4 Thanksgiving Week Buys For Your Portfolio: Market Pros
- There's a 'Great Chance' For a Double-Dip Recession: Strategist
- Retail Earnings and Sales to Improve in Q4: Analyst
- 4 Food Stocks to Stuff in Your Portfolio: Analyst
- S&P at 1050-1200 Trading Range Next Year: Strategist
- Art Cashin: Caution 'Growing' in Financials, Dividend Moves
- 3 Software Stock Picks from Lazard's Senior Analyst
- Investors Bet on a New Year's Rally For eBay
- Why You Should Play the Reflation Trade: Stock Picker
MOST SHARED
- Kuoni CEO Sees Recovery in Travel Sector
- Gold Retreats from Record High as Dollar Rebounds
- Dubai Struggles to Ease Debt Fears; Investors Rattled
- Chinese Overcapacity is Worsening, EU Chamber Warns
- Great Britain, No Longer That Great: Investor
- Euro Shares Record Biggest Drop in 7 Months
- Fannie Mae to Tighten Lending Standards: Report
- China Unveils Carbon Target Ahead of Copenhagen
- Wal-Mart Price Pressure Hurts China Workers: Report
- 4 Thanksgiving Week Buys For Your Portfolio: Market Pros
- There's a 'Great Chance' For a Double-Dip Recession: Strategist
- Revenge of the Gangsta Nerds
- Will TCU See The "Flutie Effect?"
- Retail Earnings and Sales to Improve in Q4: Analyst
- Consumers Catching the Holiday Spirit
- It's Beginning To Look A Lot More Riskless
- Crescenzi: Claims Level Suggests End to Job Losses
- Hedge Funds Take Early Lead in Warren Buffett's 'Big Bet'
- Dubai Struggles to Ease Debt Fears; Investors Rattled
- Japanese Stocks Likely to Fall Broadly on Dubai Worries
- US Dollar Falls to 14-Year Low Against the Yen
- US Companies Already Moving on Curbing Emissions
- Fannie Mae to Tighten Lending Standards: Report
- Investing in Good Karma – and Making a Profit
- Retailers Should Believe in Christmas Miracles
- Bankruptcies Jump, Hitting Highest Level in Four Years
- Steepest Black Friday Discounts, Revealed
RSS FEED
CNBC Stock Blog
Text Size 
The golden age of the railroad is back, says Gary Kaminsky. The Neuberger Berman managing director says "the rail story" is a key to America's economy now -- and he told CNBC which rail stocks his firm holds.
"Rail moves everything: coal, grains," said Kaminsky, who will retire from his MD post at Neuberger on June 30.
And he said the railroads are going to keep growing, as trains are helping companies avoid the soaring costs of gasoline- and diesel-powered automotive carting, as oil prices climb.
"In the Midwest, you see the 18-wheelers [used for transporting goods]...coming from California, are actually on the trains," he said. "The rail story...is separate within the transports."
Recommendations:
Kaminsky likes Kansas City Southern [KSU
Loading...
()
]: "We've been the largest holder for some time."
His firm also holds shares in freight-logistics firm Expeditors [EXPD
Loading...
()
].
In other sectors, Kaminsky said Neuberger continues to have significant holdings in Suncor Energy [SU
Loading...
()
], the Canadaian oil-sands and natural gas concern.
Disclosures:
Kaminsky, his family and his firm have significant holdings of shares of the companies discussed; and the companies discussed may now be or may have been investment banking clients of Neuberger Berman.
Data is a real-time snapshot *Data is delayed at least 15 minutes