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.

Union Pacific reports a 26% decline in third-quarter profit, citing a persistent slump in rail demand.

Among the companies whose shares are expected to see active trade in Thursday's session Amgen, Anglo American, Astoria Financial, Black & Decker, Delta Air, eBay, Goodrich, Lam, Logitech, McDonald's, Merck, New York Times, Novartis, Occidental Petroleum, Pactiv, Travelers, 3M, UPS, VMWare, and Xerox.

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Ridgewater Equity (RWE).

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by TheFortuneFinancial.com.