80.67 -0.25 (-0.31%)
After hours: 4:26PM EDT
|Bid||80.78 x 1000|
|Ask||80.75 x 1200|
|Day's Range||79.34 - 81.16|
|52 Week Range||60.63 - 86.44|
|Beta (3Y Monthly)||1.18|
|PE Ratio (TTM)||44.53|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly...
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...
If you've followed Wall Street's narrative throughout this year, I'm sure you've asked a question or two about CSX (NASDAQ:CSX). Specifically, why is the CSX stock price -- leaving aside July and August's volatility -- doing so well? After all, we've been hearing so much about the U.S.-China trade war and its impact on our economy. In that case, shares of the transportation giant should drop.Source: Wangkun Jia / Shutterstock.com Yes, the CSX stock price did decline in the summer months. Between the first of July and the end of August, the company's market value dropped a sizable 14%. Not coincidentally, that period covered the time when President Donald Trump threatened new tariffs against China. Unsurprisingly, the tough rhetoric rattled investors' nerves, sending the benchmark indices lower.But then a curious thing happened. Not known for tactful, diplomatic behavior, Trump dialed down some of his acerbic language. He's essentially called a temporary truce in the trade war, delaying an anticipated tariff bump-up by two weeks. Labeling it as a goodwill gesture, the president, according to his words, delayed the tariffs to allow China a distraction-free celebration of its republic's founding.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSo, does this signal a buy for economic bellwethers like CSX stock? Apparently, many market experts think so. * 10 Battered Tech Stocks to Buy Now For example, Oppenheimer technical analyst Ari Wald suggested that the markets are moving off of "cyclically oversold levels." Wald also noted that global equities "are beginning to base in a move higher."Of course, as a technical analyst, Wald interprets the charts using standard or accepted methodologies. I'm fine with that. However, I can't help but notice that when it comes to transportation, technical interpretations have been deceiving. That makes me question the upside narrative for the CSX stock price. Transportation Stocks Have Been Bull TrapsAlthough I'm a proponent of technical analysis, I'm also objective about it. Certainly, I can understand the criticisms that this methodology appears subjective. What appears a breakout pattern to one analyst could be a breakdown warning for another.For CSX stock and the transportation complex, some analysts have made interesting calls. For example, Investopedia contributor Casey Murphy laid out his case for various transportation stocks. Since he published his analysis near the end of June, we can back-test his chart interpretations.Before we begin, I want to make clear that I'm not trying to shine a spotlight on Murphy. Rather, I merely want to illustrate how reasonable technical assessments can sometimes go sour.Let's start with the SPDR S&P Transportation ETF (NYSEARCA:XTN). Murphy suggested that traders may put a $71 price target on XTN. Although the fund temporarily moved higher, XTN has been very choppy. Since his publication date, the fund has been mostly flat.Next, Murphy analyzed Hertz Global (NYSE:HTZ). Noting HTZ's sideways movement, he suggested that the broader price action is trending higher; thus, traders may have set their price target for $30. Instead, HTZ moved lower to under $15.Finally, we have Kirby (NYSE:KEX). Here, Murphy saw a buy signal called a "golden cross." Unfortunately, KEX wasn't so golden because it broke down quite severely. Only a recent rally has brought KEX to near break-even with the price at time of publication.Again, my point is not to gloat. Instead, I think we should be very careful in how we interpret the CSX stock price.Technical analysts love talking about how they're market agnostic -- that price is the only thing that matters. But I disagree. The fundamentals matter too, and that's probably why the transportation stocks' buy signals failed. Approach CSX Stock With Healthy SkepticismGenerally speaking, I think investors should approach CSX stock with healthy skepticism. That's because they should approach the broader markets with the same sense of doubt.Mainly, we're well over 400 days into the U.S.-China trade war. While Trump boasts that the U.S. has suffered no damage, there's no way that could be right. For instance, Moody's Analytics estimates that the trade war resulted in 300,000 fewer American jobs. That figure could jump to 450,000 jobs if the conflict continues.That's a matter of economics 101. If you have poor relations with the world's second-biggest economy, you will suffer. That does not augur well for economically sensitive names like CSX stock.So, what's the play call here? I'd sit this one out. Although the recent surge in the charts is interesting, the fundamentals contradict this enthusiasm. If push comes to shove, I'm going to go with what makes sense.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Battered Tech Stocks to Buy Now * 7 Strong-Buy Stocks Hedge Funds Are Buying Now * The 7 Best Penny Stocks to Buy The post Ongoing Trade War Might Derail the Technical Argument for CSX Stock appeared first on InvestorPlace.
President & CEO of Kirby Corp (30-Year Financial, Insider Trades) David W Grzebinski (insider trades) sold 9,069 shares of KEX on 09/09/2019 at an average price of $78.4 a share. Continue reading...
New York, NY, based Investment company Richmond Hill Investments, LLC (Current Portfolio) buys Kirby Corp, Altus Midstream Co during the 3-months ended 2019Q2, according to the most recent filings of the investment company, Richmond Hill Investments, LLC. Continue reading...
Kirby's (KEX) Q2 results disappoint due to weakness in the distribution and services unit plus subpar inland operating conditions. In fact, this forces the company to trim its 2019 earnings view.
Maritime headlines have spotlighted the global tanker sector, which has been buoyed by sharply higher U.S. exports of crude and refined products. The revolution in U.S. crude production initially led to a period of overbuilding and depressed rates for tank barges. Rates are now on the upswing as capacity has been pared and the volume of crude oil and petroleum products shipped via the Mississippi River and its tributaries is escalating.
Kirby Corporation (NYSE: KEX) reported second quarter results that met consensus estimates, despite the ongoing problems for barging operations in the U.S. Midwest. Kirby's distribution and services business, which sells and repairs major mechanical equipment such as diesel engines and pumps, was impacted by reduced demand for pressure pumping equipment, transmissions, parts and services, particularly for the oil and gas industry.
Kirby (KEX) delivered earnings and revenue surprises of -2.47% and 0.30%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Kirby (KEX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Anyone researching Kirby Corporation (NYSE:KEX) might want to consider the historical volatility of the share price...
The transportation sector is often one of the most closely watched in the financial market because it is a natural barometer of broad economic trends. Higher prices across the transportation sector are significant because they can highlight the fundamental demand for industrial goods as well as disposable income levels across the retail segment. Active traders interested in gaining exposure to sub-industries of the transportation sector – such as air freight and logistics, airlines and airport services, highways and rail tracks, marine, railroads, and trucking – may want to take a closer look at the SPDR S&P Transportation ETF (XTN).
There are several ways to beat the market, and investing in small cap stocks has historically been one of them. We like to improve the odds of beating the market further by examining what famous hedge fund operators such as Jeff Ubben, George Soros and Carl Icahn think. Those hedge fund operators make billions of […]
Kirby Corporation (NYSE:KEX) is a small-cap stock with a market capitalization of US$4.8b. While investors primarily...
Kirby Corp NYSE:KEXView full report here! Summary * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is moderate * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is moderate for KEX with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $174 million over the last one-month into ETFs that hold KEX are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Industrialsis falling. The rate of decline is very significant relative to the trend shown over the past year, and is accelerating. The rate of contraction may ease in the coming months, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.