|Bid||0.00 x 800|
|Ask||0.00 x 1200|
|Day's Range||177.67 - 180.53|
|52 Week Range||127.79 - 186.91|
|Beta (3Y Monthly)||1.45|
|PE Ratio (TTM)||18.71|
|Earnings Date||Apr 23, 2019 - Apr 29, 2019|
|Forward Dividend & Yield||3.44 (1.90%)|
|1y Target Est||192.67|
The all-important transportation stocks are up nicely year-to-date, along with the broader stock market. However, if we dig a little deeper, we see some concerning signs that traders and investors would be wise to watch closely. Shares of Norfolk Southern Corporation (NYSE:NSC) stock are currently trading at a key point through the lens of technical analysis. If the broader transportation group of stocks is any indication then NSC stock could soon be a pain trade for the bulls but one to press for the bears. Click to EnlargeLike most things in finance, the change at the margin, or in relative terms, is what matters. To put this into perspective, I created a simple relative chart where I divided the transportation stocks by the S&P 500. On this so called 'ratio chart' we see that the transports have acted relatively weak in recent weeks and are in fact back toward the relative weakness lows from December 2018. Given the importance of transportation stocks, this is not the type of price action that should give the bulls the warm and fuzzies.InvestorPlace - Stock Market News, Stock Advice & Trading Tips NSC Stock Charts Click to EnlargeMoving averages legend: red - 200 week, blue - 100 week, yellow - 50 weekNext we look at the multiyear weekly chart of NSC stock itself. Here we see that after a more than 10-year up-trend that was orderly and took place within the two purple parallels, in 2018 the stock went vertical to the upside and broke out of the trading channel. * Top 7 Service Sector Stocks That Will Pay You to Own Them While the bulls will argue that in December 2018 or early 2019 the stock had a successful re-test of the upper end of the channel, in my 21 years as a trader and investor I have found that ultimately such breakouts of long-standing up-trend rarely last and lead to mean-reversion back into the big picture up-trends. Click to EnlargeMoving averages legend: red - 200 day, blue - 100 day, yellow - 50 dayLastly, on the daily chart note that the sharp January-February 2019 rally pushed NSC stock right back toward its September 2018 highs. While the stock has been constructively consolidating below simple horizontal resistance (black horizontal), which still could ultimately lead to another leg higher, the broader relative weakness in transports must not be forgotten.While one day does not make a trend, on Tuesday many transportation stocks, including NSC stock, had so-called bearish reversals. For NSC stock I would like to see one more follow-through selling day that pushes the stock below $177 before legging into any short trades. If and when that happens the next downside target becomes $171 while a stop loss can be placed at $183.This trade in NSC stock also sets up well for an income trade.On Thursday, I am holding a special webinar for InvestorPlace readers to teach this strategy in detail. Register HERE for this free webinar.Free webinar: How to 5X your returns in 2019. Register HERE. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Financial Stocks to Invest In Today * 7 Single-Digit P/E Stocks With Massive Upside * 5 Chip Stocks on the Rise Compare Brokers The post Trade of the Day: Norfolk Southern Stock Is on the Verge… appeared first on InvestorPlace.
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
US Rail Traffic: Downtrend Continued for the Seventh Week(Continued from Prior Part)Intermodal unitsCSX’s (CSX) total rail traffic fell 4.7% YoY (year-over-year) to 118,788 railcars in week 10 from 124,618 railcars in the same week last year.
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
WASHINGTON—A long-running battle between Amtrak and major freight railroads over train delays has entered a new phase of hostilities: fighting about tweets. Norfolk Southern said the train was actually delayed when a sleeper car and a dining car decoupled after the train departed New Orleans.
Norfolk Southern Corp NYSE:NSCView full report here! Summary * Perception of the company's creditworthiness is positive * 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 | NeutralETF activity is neutral. ETFs that hold NSC had net inflows of $3.19 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow 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. NSC 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.
Reports of Genesee & Wyoming (GWR) considering a sale of stake leads to an uptick in share prices of other major railroads on Mar 11.
It might seem bad, but the worst that can happen when you buy a stock (without leverage) is that its share price goes to zero. But in contrast you canRead More...
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
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.
Many more details of the gigantic headquarters deal are in documents that have just been made public by Norfolk Southern.
US Rail Traffic: Downtrend Continued for the Fifth Week(Continued from Prior Part)Rail trafficCanadian National Railway (CNI) reported 0.3% YoY (year-over-year) total traffic volume decline in week 8. The company moved 109,418 railcars—compared to
US Rail Traffic: Downtrend Continued for the Fifth Week(Continued from Prior Part)Rail traffic declined Union Pacific’s (UNP) rail traffic fell 0.4% YoY (year-over-year) to 166,892 railcars in week 8. The company recorded a marginal decline in its
US Rail Traffic: Downtrend Continued for the Fifth Week(Continued from Prior Part)Weak carload traffic Norfolk Southern’s (NSC) rail freight traffic fell 1.4% YoY (year-over-year) in week 8. The company hauled 149,421 railcars during week 8—down
Cousins Properties (CUZ) announces strategic transactions in Atlanta, enabling it to raise its 2019 earnings outlook. In fact, these transitions are expected to drive the company's long-term growth.
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.
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