|Bid||187.38 x 800|
|Ask||190.77 x 1400|
|Day's Range||190.43 - 192.03|
|52 Week Range||155.24 - 209.43|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.31|
|Expense Ratio (net)||0.43%|
On Wednesday, CSX (CSX) stock was trading 7% lower in the pre-market trade. The company reported dismal second-quarter results.
On Tuesday, Canadian Pacific Railway (CP) reported strong second-quarter earnings. The company's top and bottom lines touched a record mark.
Analysts expect lower revenue growth to hurt Union Pacific’s bottom-line results. They expect the company to report revenues of $5.63 billion.
As far as any potential roadblocks for transportation exchange-traded funds, the U.S.-China trade wars are certainly a potential danger, but selecting the right exchange-traded funds (ETFs) could relegate them to a mere speed bump. The trade wars between the two largest economies have certainly been a negative factor for many sectors, and the transportation industry wasn't immune to its effects. “You need to recognize that it creates opportunities at the same time, if you are so inclined to take advantage of those market movements,” said Ric Edelman, co-founder and chairman of Edelman Financial Engines.
On Tuesday, CSX (CSX) is scheduled to report its second-quarter earnings results. Analysts expect the company to report an adjusted EPS of $1.11.
Goldman Sachs (GS) initiated its coverage on FedEx (FDX) and UPS (UPS) with “buy” ratings. Goldman Sachs argued that the stocks are too cheap to ignore.
American Airlines (AAL) raised its second-quarter unit revenue guidance yesterday even though it faced a massive amount of flight cancellations.
American Airlines (AAL) raised its second-quarter unit revenue guidance yesterday even though it faced a massive amount of flight cancellations due to the grounding of Boeing’s (BA) 737 MAX planes.
Along with the spirit of Americans, this Independence Day should lift revenues and profits in various corners. Industries like transportation, lodging, hotel, restaurants, food and retail will benefit the most.
The downtrend in the US rail traffic volume continued for the 21st consecutive week. On June 19, the Association of American Railroads reported that US companies' air traffic fell 5.4% in Week 24.
As an exchange traded fund tracking a cyclical group of stocks, the iShares Transportation Average ETF (IYT) may not be the first idea that comes to mind when investors think of ETFs that can help them ride out an economic slowdown. IYT seeks to track the investment results of the Dow Jones Transportation Average Index composed of U.S. equities in the transportation sector. The underlying index measures the performance of large, well-known companies within the transportation sector of the U.S. equity market.
Downtrend in US Rail Traffic Persisted for 16th Straight WeekRail traffic fell againUS railroad companies reported rail traffic declines for the 16th straight week. The Association of American Railroads reported on May 16 that overall rail traffic
US Rail Traffic Downtrend Continued for the 15th Straight Week(Continued from Prior Part)CSX’s rail trafficCSX’s (CSX) overall rail traffic fell 2.3% YoY (year-over-year) to 121,472 railcars in Week 18 from 124,329 railcars in Week 18 of the
UPS Slides ~6% as Q1 Earnings and Revenue Miss Estimates(Continued from Prior Part)Full-year outlookAlongside its release of its first-quarter earnings results, United Parcel Service (UPS) has updated its guidance for 2019. Despite sluggish revenue
UPS Slides ~6% as Q1 Earnings and Revenue Miss EstimatesUPS misses expectations Shares of United Parcel Service (UPS) opened ~6% lower today after the company announced its first-quarter earnings results, which fell short of analysts’
Southwest Airlines Soared on Q1 Earnings and Revenue Beat(Continued from Prior Part)Strong unit revenue outlookSouthwest Airlines (LUV) has provided impressive guidance for the second quarter, which suggests the second-largest US air carrier is