|Bid||203.67 x 900|
|Ask||210.41 x 1100|
|Day's Range||202.47 - 205.16|
|52 Week Range||138.65 - 211.46|
|Beta (3Y Monthly)||1.44|
|PE Ratio (TTM)||20.14|
|Forward Dividend & Yield||3.44 (1.69%)|
|1y Target Est||N/A|
Executives with eastern railroads CSX (NYSE: CSX) and Norfolk Southern (NYSE: NSC) expressed confidence this week that they can compete alongside trucks for e-commerce business. As customers such as Amazon.com, Inc. (NASDAQ: AMZN) and Walmart Inc (NYSE: WMT) explore the possibility of foregoing the middle man in favor of interacting more directly with the railroads, CSX will go along with the change, according to CSX chief executive officer Jim Foote at a May 15 investor conference sponsored by Bank of America Merrill Lynch.
Tech presented a plan for the demolition of two buildings at 828 and 830 West Peachtree on the northern end of Tech Square.
Norfolk Southern Corp NYSE:NSCView full report here! Summary * Perception of the company's creditworthiness is neutral * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for NSC with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting NSC. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding NSC totaled $8.49 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. NSC credit default swap spreads are within the middle of their range for the last three years.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.
US Rail Traffic Downtrend Continued for the 15th Straight Week(Continued from Prior Part)NSC’s rail traffic fellNorfolk Southern’s (NSC) rail traffic fell 4.2% YoY (year-over-year) in Week 18. The company hauled 151,838 railcars during the week
US Rail Traffic Downtrend Continued for the 15th Straight WeekRail traffic fellOn May 8, the Association of American Railroads reported that the overall traffic for US railroad companies had fallen 2% in Week 18, which ended on May 4. Rail companies
It is the first time in more than 25 years that Norfolk Southern has held its annual meeting in Atlanta.
The Zacks Analyst Blog Highlights: Berkshire Hathaway, Merck, Charter Communications, Anthem and Norfolk Southern
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US Rail Traffic Weakness Continued for the 14th Week(Continued from Prior Part)Rail traffic declinedNorfolk Southern’s (NSC) rail traffic fell 5.1% YoY (year-over-year) in Week 17. The company hauled 150,713 railcars during the week compared to
CEO Martin Richenhagen said he’s hopeful a U.S.-China trade deal will happen soon, calling the tensions “a homemade problem that we could have avoided.” But a rapprochement won’t necessarily bring a spike in orders. Norfolk Southern CEO Jim Squires said his customers – which range from automotive manufacturers to chemical companies and commodity suppliers – are bullish as a group.
Lynchburg, VA, based Investment company Flippin Bruce & Porter Inc buys Norfolk Southern Corp, sells Eli Lilly and Co during the 3-months ended 2019Q1, according to the most recent filings of the investment ...
Take a look inside Tech Square's unique Coda building, which is designed to bring people together.
The new 712 West Peachtree will add to the growing skyline in Technology Square, where Portman now has three new towers: Coda, with Georgia Tech; 712 West Peachtree; and 740 West Peachtree
Oak Brook, Ill.-based Hub also raised full-year earnings estimates to a range of $3.25 and $3.40 a share. Gross margins rose 40 percent year-over-year, with growth spread out across all four of its service lines, Hub said. Operating income rose 115 percent to $35.6 million, while operating margins increased to 3.8 percent, a 180 basis point increase, the Oak Brook, Illinois-based multi-modal provider said.
Health insurance company Anthem Inc. will occupy a second tower in Midtown, bringing hundreds of additional workers to Technology Square. Anthem is creating new jobs in Atlanta as part of the expansion and shifting employees from its current offices in the city into 712 West Peachtree, a planned 20-story tower. Anthem confirmed the expansion in an email to Atlanta Business Chronicle.
Norfolk Southern (NYSE: NSC) expects to have the next stage of its new operating plan in place by the end of July. Both TOP21 and clean sheeting are part of NSC's wider efforts to incorporate precision scheduled railroading, an operating tool which seeks to schedule railcars on a fixed schedule, throughout Norfolk Southern's network. NSC seeks to reach a full-year operating ratio of 60 percent by 2021, with capital expenditures at between 16 percent and 18 percent of revenue.
Norfolk Southern’s Q1 Earnings Beat Estimates(Continued from Prior Part)Norfolk Southern Norfolk Southern (NSC) shares have risen 38.2% YTD (year-to-date). Norfolk Southern shares have outperformed the broader market as of April 24. The NASDAQ,
Norfolk Southern’s Q1 Earnings Beat EstimatesEarnings beat the estimatesOn April 24, Norfolk Southern (NSC) reported strong first-quarter results. The company’s top and bottom line beat analysts’ estimates and marked a YoY (year-over-year)
Just one day after stocks logged their best-ever close, the bulls backed down. By the time the closing bell rang, the S&P 500 had fallen 0.22% to end the session at 2,927.25, almost closing at its low for the day.Source: Allan Ajifo via Wikimedia (Modified)AT&T (NYSE:T) did a great deal of that damage, falling a little more than 4% after first-quarter numbers fell short of expectations. Its TV business was a particularly sore spot, though its wireless arm wasn't exactly stellar last quarter either. Snap (NYSE:SNAP) technically lost more ground though, ending the day down a bit more than 6% after surging in response to a surprisingly progressive first quarter.There were some winners, albeit few and far between. Anadarko Petroleum (NYSE:APC) rallied another 11% after Occidental Petroleum (NYSE:OXY) made a bid that topped the previous acquisition offer from Chevron (NYSE:CVX).InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The 10 Best Cheap Stocks to Buy Right Now The indecisive environment means traders would be wise to choose prospects carefully and pick names from both sides of the bullish/bearish fence. The stock charts of Norfolk Southern (NYSE:NSC), Bristol-Myers Squibb (NYSE:BMY) and Discovery Communications (NASDAQ:DISCA) make for a good place to start that open-minded search. Discovery Communications (DISCA)Just a few weeks ago, Discovery Communications shares were in fairly serious trouble. Resistance had been met multiple times at multiple moving average lines, and a so-called 'death cross' had taken shape. The stock was just one bad day away from a meltdown.That disaster has been avoided though. In fact, the rebound effort from two weeks ago has been confirmed and strengthened this week by virtue of support provided by a couple of those key moving average lines. Click to Enlarge * The confirmation of the new uptrend is yesterday's brush of the white 200-day moving average line. DISCA stock only had to kiss it to surge higher, renewing the cross above the long-term line in early April. * The weekly chart puts matters in more perspective. Although erratic, the rally that got going in March was spurred by a fresh encounter with a support line that tags all the key lows going back to late 2017. * As tempting as it may be to want to use a prior peak as a potential ceiling, or upside target, this may not be a case where those levels serve as reliable, or even likely, stopping points for any advance. Norfolk Southern (NSC)Railroad name Norfolk Southern had a terrific run from its late-December lows, outpacing most other stocks. All good things must come to an end though, and a couple of red flags started to wave for NSC stock yesterday. * 10 Monster Growth Stocks to Buy for 2019 and Beyond Click to Enlarge * The shape of Tuesday's bar is telling. The open and close near the low of a relatively tall bar suggests an intraday transition from a net-buying to a net-selling environment. * Bolstering the bearish case here is the gap left behind by yesterday's jump. Generally speaking, gaps tend to get filled in. In this case, the sheer size of the four-month rally adds weight. * Zooming out to the weekly chart we can see Norfolk Southern shares kissed a long-established resistance line on Wednesday, becoming overbought, as highlighted by the RSI's move above 70. Bristol-Myers Squibb (BMY)When we last looked at Bristol-Myers Squibb back on April 8, it was trying to move lower, but had thus far been unable to push under a technical support level around $46.That's no longer the case, though there's a new support line now in play. Even so, the backdrop suggests there's already a great deal of bearish momentum in place. If the current technical floor breaks, there's nothing left to stop the next round of selloffs. Click to Enlarge * While the previous floor around $46, marked with a yellow dashed line on both stock charts, is broken, the current one at $44.31 marked with a red dashed line is nothing to dismiss. * While not yet under a major floor, note the swell of selling volume seen since March. This is a new development; the more the stock slumps, the more investors trickle out. * Even if support around $44.31 breaks, it's likely we'll continue to see some wide ebbs and flows that make for nice swing-trading opportunities.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks That Could Double Over the Next Five Years * 6 S&P 500 Stocks Ready to Break Out * 5 Mining ETFs to Dig Into Compare Brokers The post 3 Big Stock Charts for Thursday: Discovery, Norfolk Southern and Bristol-Myers Squibb appeared first on InvestorPlace.