|Bid||147.8600 x 200|
|Ask||147.9300 x 700|
|Day's Range||147.8600 - 147.9468|
|52 Week Range||125.2300 - 158.3200|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.44%|
On April 13, 2018, General Electric (GE) filed an 8-K form with the Securities and Exchange Commission. As per this form, the company adjusted its revenue recognition according to the new rules set by the Financial Accounting Standards Board. Prior to this change, the company’s accounting practices didn’t have a provision for a contract’s being canceled.
A series of financial miscalculations have marred General Electric (GE) stock recently. Among all major industrial (IYJ) companies, GE still evokes the highest levels of investor anxiety. Industrial majors Koninklijke Philips (PHG), 3M Company (MMM), United Technologies (UTX), Honeywell International (HON), and Boeing (BA) have lower dividend yields compared to GE.
The number of analysts tracking Honeywell (HON) has varied between 19 to 21. Of the 20 analysts currently tracking HON, 75% have recommended “buy” and 25% have recommended “hold.” There have been no “sell” recommendations.
The AAR (Association of American Railroads) releases weekly freight data for 12 major North American railroads every Wednesday. Carload volumes are classified into 20 major commodity categories, such as grain, coal, chemicals, and primary metal products. Intermodal traffic, which is expressed in containers and truck trailers, is reported separately.
In this article, we’ll take a look at analysts’ recommendations on CSX (CSX) and its peers in view of its upcoming 1Q18 earnings. There were some changes in analysts’ opinions toward CSX following its 4Q17 earnings. Of the 26 analysts covering the stock, six (23.1%) now have “strong buy” opinions on the stock.
Earlier, we discussed Thomson Reuters–surveyed analysts’ estimates for CSX’s (CSX) 1Q18 operating margins. In this article, we’ll take a look at their earnings estimates for eastern US major railroad companies. Analysts expect CSX to achieve adjusted EPS (earnings per share) of $0.66 in 1Q18, a 29% rise on a YoY (year-over-year) basis.
The Institute for Supply Management (or ISM) publishes a monthly manufacturing (ITA) report that gives insight into manufacturing activity in the US. The key reason for the drop in the manufacturing (IGA) index was the decline in employment and new domestic and export orders.
Canadian Pacific Railway’s (CP) carload traffic fell 2.1% YoY (year-over-year) in Week 13 of 2018, to ~33,800 carloads from ~34,500. In contrast, rival Canadian National Railway (CNI) saw its carload traffic rise 5.6% YoY, and US and Canadian railroads’ carload volumes rose.
In the week ended March 31, 2018, BNSF Railway’s (BRK.B) carload volumes rose 7.3%. The company hauled ~102,600 carloads in that week, compared with 95,700 carloads in the week ended April 1, 2017. Rival Union Pacific (UNP) saw its carload traffic fall, by 2.7%. In Week 13, NSF registered a much higher rise in carload traffic than US railroads (IYJ), which reported 2.8% growth.
ADP, a human capital management solutions provider, releases a monthly report on US non-farm employment. Changes to the level of hiring and gains in employment across different sectors in the United States are captured in the report. ADP processes the payrolls of more than 24 million workers in the United States, which gives the organization a unique insight into the US employment market.
What Do these 10 Economic Indicators Signal for the US Economy? Nondefense core capital goods exclude aircraft and defense purchases and are a proxy for spending by industries. A monthly report is published by the United States Census Bureau, tracking the new orders for machinery, tools, and equipment for US industries. The orders relating to defense spending and aircraft (ITA) aren’t included in this report because of their seasonality and the distortion to the survey they contribute.
Is There Light at the End of the Tunnel for General Electric? On March 25, 2018, the Wall Street Journal released an article about General Electric’s (GE) Capital segment. Investors should recall that GE Capital was once an enormous lending business of its parent with $600.0 billion in assets during its peak years.
Trump’s pro-growth agenda in the form of a 14% cut in corporate tax and deregulation have proved major turning points for the US economy. The corporate tax cuts from 35% to 21% could result in huge savings for US companies including railroads (IYJ). Note that US railroads such as Norfolk Southern (NSC) and CSX (CSX) receive almost 100% of their revenue from the United States. Thus, a 14% reduction in the corporate tax rate would significantly boost their cash flows.