Editor's Note: This content was originally published on the Buzz & Banter (click here for a free trial). It's being reposted here for the benefit of the Minyanville community.After some initial follow-through buying this morning shares of Union Pacific (UNP) and CSX (CSX) have now turned lower on the day. Yesterday I established a short position in Union Pacific for the OptionSmith portfolio. While I was a little early pulling in the trigger -- I sold shares at $58.90 -- I think my thesis for a short-term trade is still valid and today’s early reversal has soothed my nerves ...

Transports stocks jump after getting a vote of confidence from investment guru Warren Buffett, whose investment firm doled out $44 billion to buy railroad operator Burlington Northern Santa Fe.

Warren Buffett’s blockbuster deal for Burlington Northern Santa Fe should prove a positive for the broader U.S. stock market, which tends to follow the lead of the transportation sector.

Symantec Corp. and Akamai Technologies Inc. are slated to post quarterly results, with analysts looking for the security software maker and the Internet content-delivery company to post earnings declines.

Among the companies whose shares are expected to see active trade in Wednesday’s session are Ashland, Coke Enterprises, DreamWorks, E-Trade, General Dynamics, Hess, Interpublic, Molex, Norfolk Southern, Target, Unisys, Visa and WellPoint.