CSX - CSX Corporation
73.87 0.00 (0.00%)
After hours: 4:14PM EDT
| Previous Close | 72.81 |
| Open | 73.39 |
| Bid | 73.83 x 900 |
| Ask | 74.13 x 3100 |
| Day's Range | 73.39 - 74.13 |
| 52 Week Range | 53.53 - 76.24 |
| Volume | 2,938,521 |
| Avg. Volume | 5,496,506 |
| Market Cap | 60.251B |
| Beta (3Y Monthly) | 1.28 |
| PE Ratio (TTM) | 19.24 |
| EPS (TTM) | 3.84 |
| Earnings Date | Apr 15, 2019 - Apr 22, 2019 |
| Forward Dividend & Yield | 0.96 (1.32%) |
| Ex-Dividend Date | 2019-02-27 |
| 1y Target Est | 76.00 |
Market Realist•3 hours agoUnion Pacific: Weak Rail Traffic for the Sixth Straight Week
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)
- Market Realist•4 hours ago
KSU’s Rail Traffic Growth Continued for the Third Week
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
- Market Realist•6 hours ago
US Rail Traffic: Downtrend Continued for the Seventh Week
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
- Market Realist•5 days ago
How Canadian Pacific’s Rail Traffic Trended in Week 9
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
Market Realist•6 days agoAnalyzing Norfolk Southern’s Rail Traffic in Week 9
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
- Markit•6 days ago
See what the IHS Markit Score report has to say about CSX Corp.
CSX Corp NASDAQ/NGS:CSXView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock have seen outflows over the last one-month * 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 | NegativeETF activity is negative but appears to be improving. Over the last one-month, outflows of investor capital in ETFs holding CSX totaled $4.29 billion. However, outflows appear to be slowing. 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 score@ihsmarkit.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.
- Zacks•6 days ago
Genesee & Wyoming (GWR) Stock Gains 9% Yesterday: Here's Why
Reports of Genesee & Wyoming (GWR) considering a sale of stake leads to an uptick in share prices of other major railroads on Mar 11.
Market Realist•6 days agoCanadian National’s Rail Traffic Fell 5.7% in Week 9
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
- Market Realist•6 days ago
Carload Weakness Hurt Union Pacific’s Rail Traffic in Week 9
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
Market Realist•7 days agoStrong Carloads Drove KSU’s Rail Traffic in Week 9
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
- Market Realist•7 days ago
Weakness in US Rail Traffic Continued for the Sixth Straight Week
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
- Zacks•7 days ago
Adobe Systems (ADBE) to Report Q1 Earnings: What's in Store?
Adobe Systems' (ADBE) fiscal first-quarter results are likely to be driven by innovation and strength in Creative Cloud.
- TheStreet.com•10 days ago
How Seriously Can One Take the Jobs Data?
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.
- Zacks•10 days ago
The Zacks Analyst Blog Highlights: Union Pacific, CSX, Canadian Pacific, Canadian National and Kansas City
The Zacks Analyst Blog Highlights: Union Pacific, CSX, Canadian Pacific, Canadian National and Kansas City
- Zacks•10 days ago
Trinity Rewards Investors With Dividend Hike & Buyback Plan
Trinity Industries' (TRN) dividend hike underscores its strong financial position and a commitment to add value to its shareholders.
- Zacks•11 days ago
Railroads Perked Up About 2019: Will the Optimism Stay?
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.
- GlobeNewswire•12 days ago
CSX Changes Sales and Marketing Organization to Drive Growth; Names New Vice Presidents
CSX Corporation (CSX) today announced changes to its Sales and Marketing organization to position the company to drive sustainable, profitable growth. The changes include the appointments of two new vice presidents. “The tremendous service improvements our company has made over the last two years gives us a historic opportunity to drive growth by changing the way we market and sell value to our customers,” said Mark Wallace, executive vice president of Sales and Marketing.
- InvestorPlace•13 days ago
9 Trade War Stocks to Sell on U.S.-China Deal News
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.
- Market Realist•13 days ago
CSX’s Rail Traffic Fell in Week 8
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.
Market Realist•14 days agoCanadian Pacific: Highest Intermodal Unit Decline in Week 8
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
- Market Realist•14 days ago
Kansas City Southern’s Rail Traffic Volume Rebounded in Week 8
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.
- Market Realist•14 days ago
US Rail Traffic Downtrend Continued for the Fifth Week
US Rail Traffic: Downtrend Continued for the Fifth WeekUS rail traffic fell againThe weakness in US rail traffic continued for the fifth straight week. On February 27, the Association of American Railroads reported that the overall rail traffic
- Zacks•17 days ago
CSX Rides on Volume Growth & Lower Tax Rates Amid High Debt
CSX benefits from strong volume growth and consistent efforts to reward shareholders. However, high debt levels are concerns.
- Market Realist•17 days ago
Where Does Norfolk Southern Stand among Its Peers?
Norfolk Southern: Investors' Industry Favorite in 2019(Continued from Prior Part)PE ratio Currently, Norfolk Southern (NSC) stock is trading at a PE ratio of 19.06x. At the current multiple, the stock is trading at a premium valuation compared to
- CNBC Videos•12 days ago
Watch CNBC's full interview with CSX's CEO on railroads, transports
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.
