73.64 0.00 (0.00%)
After hours: 5:31PM EDT
|Bid||71.95 x 1300|
|Ask||74.05 x 800|
|Day's Range||72.25 - 73.80|
|52 Week Range||53.53 - 76.24|
|Beta (3Y Monthly)||1.28|
|PE Ratio (TTM)||19.18|
|Forward Dividend & Yield||0.96 (1.32%)|
|1y Target Est||N/A|
CNBC's "Closing Bell" team is joined by CSX CEO John Foote at the J.P. Morgan Aviation, Transportation, and Industrials Conference in New York City to talk about his outlook for the railroad industry.
Stock buybacks crashed through the ceiling in 2018. Companies in the Standard & Poor's 500-stock index alone announced plans to repurchase almost $1 trillion in shares - a tactic that not only makes the remaining stock worth a little more, but improves per-share financial metrics in their quarterly reports.Generous corporate tax cuts took hold in 2018, making it easy for many of the nation's businesses - which already were flush with cash - to pull the trigger. The same business-friendly tax environment could make 2019 another strong year for stock buybacks.Eclipsing last year's tally would require continued economic growth, of course, although not even a nagging tariff war appears to be a problem for capitalism just yet. Inflation is being held in check, too, and the Federal Reserve is leaning dovish, so few landmines lie ahead. The only plausible threat to buyback mania to date is legislation aimed at crimping excessive stock repurchases. Even then, the idea has minimal support and could take until at least 2020 to put in place if approved.In other words, the environment is right for 2019 to be another strong year for share repurchases. In fact, several organizations have already made their announcements. Here are 10 companies that have initiated or increased stock buybacks just since the beginning of the year. SEE ALSO: Millionaires in America 2019: All 50 States Ranked
US Rail Traffic: Downtrend Continued for the Seventh Week(Continued from Prior Part)Weak carload traffic Norfolk Southern’s (NSC) overall rail freight traffic fell 0.1% YoY (year-over-year) in week 10. The company hauled 151,542 railcars during
US Rail Traffic: Downtrend Continued for the Seventh Week(Continued from Prior Part)Rail trafficCanadian National Railway (CNI) reported a 3.6% YoY (year-over-year) decline in its total traffic volume in week 10. The company moved 110,085
CSX Corp NASDAQ/NGS:CSXView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for CSX with fewer than 5% of shares 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 | PositiveETF activity is positive. Over the last month, ETFs holding CSX are favorable, with net inflows of $13.23 billion. Additionally, the rate of inflows is increasing. 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 | PositiveThe current level displays a positive indicator. CSX credit default swap spreads are near the lowest level of the last three years and indicate the market's continued positive perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.com.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 Seventh Week(Continued from Prior Part)Rail traffic Canadian Pacific Railway (CP) registered a 7.7% YoY (year-over-year) decline in its total rail traffic in week 10. The company carried 48,329
US Rail Traffic: Downtrend Continued for the Seventh Week(Continued from Prior Part)Lower rail traffic The weakness in Union Pacific’s (UNP) rail traffic continued for the sixth straight week. The company recorded an 8.2% YoY (year-over-year)
US Rail Traffic: Downtrend Continued for the Seventh Week(Continued from Prior Part)Rail traffic growth In week 10, Kansas City Southern’s (KSU) rail traffic growth continued for the third straight week after falling for six weeks. The company
US Rail Traffic: Downtrend Continued for the Seventh WeekWeakness continued for the seventh week US railroad companies’ rail traffic volumes fell 4.7% YoY (year-over-year) in week 10. On March 13, the Association of American Railroads reported that
Weakness in US Rail Traffic Continued for the Sixth Straight Week(Continued from Prior Part)Rail traffic declined Canadian Pacific Railway (CP) registered a 1.2% YoY (year-over-year) decline in its total rail traffic in Week 9. The company carried
Weakness in US Rail Traffic Continued for the Sixth Straight Week(Continued from Prior Part)Carload trafficNorfolk Southern’s (NSC) overall rail freight traffic fell 1.6% YoY (year-over-year) in Week 9. The company hauled 153,804 railcars during
Reports of Genesee & Wyoming (GWR) considering a sale of stake leads to an uptick in share prices of other major railroads on Mar 11.
Weakness in US Rail Traffic Continued for the Sixth Straight Week(Continued from Prior Part)Rail trafficCanadian National Railway (CNI) reported a 5.7% YoY (year-over-year) total traffic volume decline in Week 9. The company moved 109,151 railcars
Weakness in US Rail Traffic Continued for the Sixth Straight Week(Continued from Prior Part)Rail traffic declined Union Pacific’s (UNP) rail traffic fell 6.4% YoY (year-over-year) to 165,380 railcars in Week 9. The railroad company’s dismal rail
Weakness in US Rail Traffic Continued for the Sixth Straight Week(Continued from Prior Part)Carloads drove overall rail trafficKansas City Southern (KSU) reported a 1% YoY (year-over-year) increase in its rail traffic in Week 9. The company hauled
Weakness in US Rail Traffic Continued for the Sixth Straight WeekUS rail traffic fell again The downtrend in US rail traffic continued for the sixth consecutive week in Week 9. On March 6, the Association of American Railroads reported that overall
As I try to put some reason to the employment data released by the Bureau of Labor Statistics (BLS) this (Friday) morning, I wonder. Job creation was awful, they say. If you prefer the household survey, the economy produced 255K new hires.
The Zacks Analyst Blog Highlights: Union Pacific, CSX, Canadian Pacific, Canadian National and Kansas City
Trinity Industries' (TRN) dividend hike underscores its strong financial position and a commitment to add value to its shareholders.
The railroad industry seems to be poised well not only in the near term but also in the long haul on the back of robust freight demand fueled by a buoyant U.S. economy.
Will it, or won't it? Will the war of tariffs being waged between the United States and China finally come to a close with an amicable solution? That certainly looks to be the case, though the terms of whatever deal is in the offing have thus far remained elusive.Still, it's not a stretch to suspect whatever resolution is in the works will wind things back to the way they were early in the Trump Presidency. That means whichever stocks suffered because of stymied trade should find relief, while those names that were boosted by tough tariffs may also bump into a new headwind.There's also a good-sized group of stocks that may peel back in response to encouraging headlines about tariffs due to the oft-seen "sell the news" effect.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks Under $10 You Shouldn't Buy To that end, here's a rundown of the top nine trade war stocks to sell now that it looks like the trade war is near an end. Note that in most cases, the rise and now the potential fall is rooted far more in assumption than in results. Nevertheless … Tesla (TSLA)Source: Shutterstock It was already fighting a losing battle, to be clear. The unveiling of an actual $35,000 version of the Model 3 had already sent Tesla (NASDAQ:TSLA) to multi-week lows, once investors realized the cost-cutting lengths to which the company had to go to in order to manufacture a car that cheap. But, an end to the tariff tiff could make matters even worse for TSLA stock.It seems counterintuitive. CEO Elon Musk already mentioned plans to make Model 3 cars in the United States to ship to China. The removal of the tariff on them would make them easier to sell there … at least until its Model 3 production line in China is activated later this year.That's not the concern, however. Although it could take years if not months to be noticed, the free flow of components and competing cars from domestic as well as foreign EV makers will only bolster electric competition for Tesla in the United States. Even the newest Chinese EV darling Nio (NYSE:NIO) says its long-term goal is to deliver automobiles to the U.S., while China's Kandi has already received permission to do so. Amazon.com (AMZN)Source: Shutterstock It's another counterintuitive idea. Amazon (NASDAQ:AMZN), which often offers its merchandise at the lowest retail cost in North America, relies on low-cost, Chinese-made goods to sell. The evaporation of import tariffs will allow it to continue selling bargain-priced merchandise.At another time and in another scenario, an end to a trade war might be bullish for AMZN stock for that reason. Right now, however, it could prove problematic. See, brick-and-mortar rival Walmart (NYSE:WMT) has finally figured out a formula to compete with Amazon online. Last quarter's e-commerce sales were up 43% year-over-year, extending a solid streak of big double-digit growth. * 10 Best Stocks to Buy and Hold Forever With the same access to the same tariff-free goods, lower-cost merchandise would actually serve Walmart more than it would Amazon.com right now. VanEck Vectors Vietnam ETF (VNM)Source: Shutterstock It went largely unnoticed, while investors were jockeying to figure out which stocks affected by trade war rhetoric would be hit the hardest, but what proved to be trouble for China also ended up being a boon for other U.S. trade partners.Chief among those beneficiaries was Vietnam. While factories slowed if not outright shuttered in China, Vietnam's GDP improved by 7.1% last year -- the best year since 2007 -- as its manufacturing machine picked up the pace.Surprisingly, that economic growth hasn't proven particularly bullish for the VanEck Vectors Vietnam ETF (NYSEARCA:VNM). Despite the backdrop, investors have been concerned about the ripple effect of China's slowing economy. Nevertheless, a revving of China's economic engine would cast a bearish shadow on Vietnam's nascent growth. Micron Technology (MU)Source: Shutterstock Micron Technology (NASDAQ:MU) and its computer-memory making peers have been facing headwinds much bigger than a trade war. It, along with SK Hynix and Samsung Electronics (OTCMKTS:SSNLF), have been dealing with a supply glut that has gouged the price of the RAM/DRAM memory chips needed to make your electronics devices work.And yet, in most regards, Micron is still one of the most noteworthy trade war stocks investors are watching. Not only does half of its revenue come from Chinese buyers in need of its tech, the company claims China has been stealing trade secrets and intellectual property, putting Micron at a disadvantage. * 10 Best High-Growth Stocks for Young Investors While at least some of the political pushback has been rooted in IP theft, of the scant details heard thus far about the discussions between President Trump and Chinese leader Xi Jinping don't appear to address much in the way of patents and the protection of technological know-how. Boyd Gaming (BYD)Source: Ace Via on FlickrIt's one of several trade war stocks that's benefitted more from psychology than demonstrable business growth (although the stock's still been a relatively disappointing performer). But, to the extent Boyd Gaming (NYSE:BYD) was boosted by the advent of the trade war, the end of the tariff spot could take the wind out of itself.The underpinning of the theory has everything to do with Macau … China's gambling enclave where U.S.-based gambling giants like Las Vegas Sands (NYSE:LVS) and Wynn Resorts (NASDAQ:WYNN) have a presence, and where Boyd doesn't.It matters. Although the actual impact on gaming was unclear, the premise likely cast a favorable light on BYD, while working against Macau-exposed players. Should the political tensions end, a reversal of that mindset could push outfits like Wynn and Las Vegas Sands back in favor, at the expense of Boyd. Nokia (NOK)Source: Shutterstock It's a misnomer to think all smartphones, and smartphone tech, is ultimately made in China. Nokia (NYSE:NOK) is based in Finland, out of the trade war's theater, and circumventing the targeting of China's Huwaei and ZTE. Tariffs made Nokia's phones price-competitive in the U.S. again.The matter goes well beyond phones though and extends into the infrastructure that will eventually power 5G connectivity. The U.S. government is wary of relying on any Chinese telecom tech, for security reasons. And, as Jim Cramer asked so bluntly, "If you're a telco carrier and warned off of Huawei and ZTE, where are you going to go buy your 5G technology?"The answer -- at least one of them -- was Nokia. Indeed, NOK stock has been an impressive performer for months now for this very reason. * 7 Best Energy Funds to Outperform the Market If any deal between China and the U.S. is relatively lenient on China's telecom technology powerhouses though, Nokia could wind up in the same backseat it was in just a year ago. Archer Daniels Midland (ADM)Source: GothamNurse Via FlickrThe advent of the tariff war has proven anything but bullish for shares of Archer Daniels Midland (NYSE:ADM), but not because it has created a headwind. Indeed, Archer's second-quarter operating profit last year more than tripled year-over-year, and the company topped estimates for its third quarter as well."In this environment Archer has done a better job of executing," explained Morningstar analyst Seth Goldstein following its third-quarter report, tacitly acknowledging that ADM has the scale and reach to drive profits that small independent players don't.The company's consistent success hasn't helped the stock much. It's down nearly 20% from its October high, as trade war fears finally set in. An end to the trade war, however, could still be interpreted as problematic given that much of last year's pricing power was also rooted in poor crop output in South America.In the meantime, nearly a year removed from the start of the tit-for-tat tariffs, the marketplace has likely found ways around Archer Daniels Midland's firm pricing. CSX (CSX)Source: Don O'Brien via FlickrRailroad name CSX (NASDAQ:CSX) is another one of the trade war stocks that has been tough to pin down. On the one hand, more self-reliance on domestic production of commodities drives demand for coast-to-coast shipping. On the other hand, much of the shipping of good within the United States was of goods delivered from China.So far the impact of the trade war appears to be net-neutral, in terms of demand for freight services. * 7 Chinese Stocks to Buy for the 2019 Rebound But, with the stock up 27% for the past year thanks to perceived demand growth -- it's mostly higher shipping prices driving rail delivery revenue higher -- the routing of more commodity purchases through maritime ports would easily lead investors to doubt the continued strength of CSX stock. Dollar General (DG)Source: Shutterstock Finally, add Dollar General (NYSE:DG) to your list of trade war stocks to sell that could be upended by an apparent end to the bickering.It's a scenario not unlike the one CSX stock is in. That is, psychology more than any other factor has driven DG stock higher to the tune of 37% over the course of the past twelve months, largely because the retailer was touted as a means of sidestepping the impact of the trade war. Not only is 100% of its revenue generated in the U.S., but it benefits from any price hikes bigger rival Walmart is forced to impose.All those tailwinds will abate, however, if tariffs are wiped away … or even just dialed back.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 Big Data Stocks That Deserve a Closer Look * 7 Best Energy Funds to Outperform the Market * 5 Blue-Chip Stocks Ready to Rise Compare Brokers The post 9 Trade War Stocks to Sell on U.S.-China Deal News appeared first on InvestorPlace.
US Rail Traffic: Downtrend Continued for the Fifth Week(Continued from Prior Part)Intermodal units CSX’s (CSX) total rail traffic fell 2.3% YoY (year-over-year) to 118,205 railcars in week 8 from the 120,988 railcars in the same week last year.
US Rail Traffic: Downtrend Continued for the Fifth Week(Continued from Prior Part)Weak intermodal traffic Canadian Pacific Railway’s (CP) total rail traffic fell 3% YoY (year-over-year) to 47,392 railcars in week 8 from 48,873 railcars in the same
US Rail Traffic: Downtrend Continued for the Fifth Week(Continued from Prior Part)Carloads drove the overall rail traffic After reporting a rail traffic volume decline for six straight weeks, Kansas City Southern (KSU) had a strong rebound in week 8.