Westinghouse Air Brake (WAB) Among The Best Non-AI Stocks in Billionaire Stanley Druckenmiller Portfolio Fahad Saleem June 8, 2026 2 min read WAB UNP NSC We just covered the 10 Best Non-AI Stocks to Buy According to Billionaire Stanley Druckenmiller. Westinghouse Air Brake Technologies (NYSE:WAB) ranks #10 (see 5 Best Non-AI Stocks to Buy According to Billionaire Stanley Druckenmiller). Druckenmiller's Stake: $23,715,000 Westinghouse Air Brake Technologies (NYSE:WAB) makes locomotives, braking systems and rail equipment used by freight railroads and transit operators.
A global replacement cycle in rail bodes well for the stock. Locomotive fleets are aging, with roughly a quarter of North American locomotives more than 20 years old, and many still running older technology. That is pushing rail operators, governments, and miners to spend heavily on upgrades and new equipment.
This is showing up directly in Wabtec's order book through large contracts and modernization programs. Westinghouse Air Brake Technologies (NYSE:WAB) is seeing strong contract momentum from major rail operators. Recent orders include about $1.2 billion from Union Pacific for AC locomotive modernizations, nearly $700 million from CSX for new locomotives and upgrades, plus additional deals from Norfolk Southern and the New York MTA.
Internationally, Kazakhstan signed a roughly $4.2 billion locomotive and services deal, while mining customers like Rio Tinto, BHP, and Vale are also contributing to demand. Analysts expect roughly 10% revenue growth in 2026 and high-single-digit growth beyond that. TCW Relative Value Mid Cap Fund stated the following regarding Westinghouse Air Brake Technologies Corporation (NYSE:WAB) in its fourth quarter 2025 investor letter: "The investment in Westinghouse Air Brake Technologies Corporation (NYSE:WAB) was eliminated over a reasonable concern that its core freight business will come under pressure from any incremental Class 1 railroad consolidation scenario.
Wabtec management deserves credit for infusing and nurturing a lean operating culture that has helped through cycle margins and cash f low. Its lean operating playbook extended into disciplined M&A where Wabtec buys products, improves operating performance, and cross-sells these products into its freight and transit customer base. However, given that more than half of Wabtec's revenues are derived from customer-concentrated freight end markets, it is reasonable to believe that numerous high margin and high-ticket products could be pressured over the medium term if incremental rail consolidation due to one or two transcontinental railroads improves transcontinental network fluidity and stronger customer procurement leverage over Wabtec.
Given these reasonable medium-term concerns, the position was eliminated (Click Here to Read the Letter in Detail)." Story Continues Asbury Automotive Group Inc (ABG) Sets a Goal With a $30 Billion Tag on It Copyright: dolgachov / 123RF Stock Photo While we acknowledge the potential of WAB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy.
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