|Bid||0.00 x 3100|
|Ask||0.00 x 40000|
|Day's Range||75.61 - 76.44|
|52 Week Range||66.95 - 80.96|
|PE Ratio (TTM)||342.06|
|Expense Ratio (net)||0.14%|
Should investors just ignore the noise and keep putting money in the markets? What to buy near record highs, with CNBC's Melissa Lee and the Fast Money traders, Brian Kelly, Karen Finerman, David Seaburg and Dan Nathan.
ETFs with heavy weightings in Boeing are soaring as Swiss bank UBS raised its 12-month price target of the aircraft manufacturer to $515, which is 50% higher than originally forecasted. Shares of Boeing ...
MARKET PULSE Shares of General Electric Co. (ge) shed 1.1% in midday trade Tuesday, putting them on track to suffer a sixth-straight decline toward a nine-year low. That would mark the third losing streak of at least six sessions so far this year, the longest being the seven-session stretch ending June 21.
Previously, we discuss Berkshire Hathaway’s (BRK.B) BNSF (Burlington Northern Santa Fe) Coal segment’s performance. In this part, we’ll discuss the railroad’s operating margin performance in the second quarter.
Previously, we discussed Berkshire Hathaway’s (BRK.B) BNSF (Burlington Northern Santa Fe) Consumer Products segment. Now, we’ll assess the Industrial Products segment. In the second quarter, the segment’s revenues rose 16.3% YoY (year-over-year) to ~$1.5 billion from $1.2 billion in the same period last year.
In the previous part of this series, we looked at Expeditors International of Washington’s (EXPD) Ocean Freight and Ocean Services segment. Now we’ll evaluate the performance of its Customs Brokerage and Other Services segment. In the quarter, the segment’s gross revenue rose 32.6% to $625.7 million, from $471.8 million in Q2 2017.
MARKET PULSE Shares of General Electric Co. (ge) fell 1% in midday trade Friday, after Bloomberg reported the industrial conglomerate is preparing to sell its power-conversion business for a lot less than what it paid for it.
Canadian National Railway (CNI) reported a 2.0% YoY (year-over-year) carload traffic gain in Week 30. The railroad moved 64,000 railcars excluding intermodal units in the week, compared to 62,700 railcars in the same period of the previous year. CNI’s total combined rail freight traffic was up 1.0% YoY in Week 30, whereas the US railroad (XLI) companies posted a 3.0% YoY increase.
The US (IVV)(QQQ) employment data for July was released on August 3. The job additions in July reached only 157,000, lower than the expectations of 190,000 job additions. Business and professional services gained 51,000 jobs, and the manufacturing (XLI)(CARZ) sector added a healthy 37,000 jobs.
On August 7, Canadian National Railway (CNI) closed at $88.31 on the NYSE. The stock’s 52-week high was $90.57, which was also a new all-time high. Among all Class I railroad companies, CNI has the highest investment by percentage in growth-driven capex.
In Week 30, Western US major railroad Union Pacific (UNP) witnessed 2.3% YoY (year-over-year) carload traffic growth. The railroad moved ~98,100 railcars excluding intermodal units in the week compared to ~95,900 in the corresponding week of 2017.
The second-quarter earnings releases of major US railroad companies concluded with Genesee & Wyoming’s (GWR) earnings results, which it released on July 27. A quick look into these companies’ earnings reveals a vivid YoY (year-over-year) rise in rail freight volumes. For railroad companies, top line growth is primarily driven by volumes and pricing gains.
The Dow Jones Industrial Average climbed over 150 points to start Tuesday's market session as construction and mining equipment manufacturer Caterpillar led the way, gaining 2.5%. Despite facing challenges related to the tariff battle between the United States and China, Caterpillar increased its adjusted earnings per share forecast to a range of $11 to $12 from $10.25 to $11.25--adjusted profit range of $6.6 billion to $7.2 billion. Industrial ETFs rose on Caterpillar's gain, such as Fidelity MSCI Industrials ETF (FIDU) --up 0.66%, Vanguard Industrials ETF (VIS) --up 0.71% and Industrial Select Sector SPDR ETF (XLI) --up 0.74%.