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Stock Market & Financial Investment News

News Breaks
January 9, 2013
10:45 EDTCSX, CNI, GWR, CP, NSC, KSU, UNP, RAMississippi River may soon be too shallow for barges, NPR reports
The Mississippi River will likely be kept open through the end of this month, but parts of it may soon be too shallow for barges, NPR quoted the Army Corps of Engineers as saying. Reference Link
News For CSX;CNI;GWR;CP;NSC;KSU;UNP;RA From The Last 14 Days
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October 13, 2014
16:16 EDTKSUKansas City Southern initiated with a Neutral at UBS
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12:16 EDTCSX, CPOn The Fly: Midday Wrap
Stocks on Wall Street were slightly lower at midday amid light trading volume. Banks and bond markets are closed in observance of the Columbus Day holiday, though equity markets remain open. ECONOMIC EVENTS: In the U.S., no major economic data was reported. COMPANY NEWS: Shares of a number of freight train operators rose after The Wall Street Journal reported that one of the companies in the sector, CSX (CSX), was approached by a larger rival, Canadian Pacific (CP), about a possible merger. Following the Journal's report, CSX rose 10% and Canadian Pacific advanced 1%, while Norfolk Southern (NSC) and Kansas City Southern (KSU) both climbed about 3%... Chrysler returned to the U.S. stock market, as shares of Fiat Chrysler began trading on the New York Stock Exchange under the symbol "FCAU." MAJOR MOVERS: Among the notable gainers was J.C. Penney (JCP), which rose 3% after the company selected Marvin Ellison, who is currently executive vice president of stores at Home Depot (HD), to become its next CEO. Also higher were Atlas Energy (ATLS), which rose 20%, and Atlas Pipeline Partners (APL), which advanced 6%, after Targa Resources Partners (NGLS) and Targa Resources (TRGP) agreed to acquire Atlas Pipeline Partners for cash and stock valued at $38.66 per APL common unit and agreed to buy Atlas Energy following the company's spin-off of its non-midstream assets. Among the noteworthy losers was Aerohive Networks (HIVE), which plunged 30% after the company lowered its guidance for the third quarter, citing weaker-than-expected order volume near the quarter's end. Also lower were shares of GoPro (GPRO), which fell over 8% after a French journalist reported that the son of racing legend Michael Schumacher attributed the severity of his father's brain injury following a skiing accident on the GoPro camera mounted to his helmet. INDEXES: Near midday, the Dow was down 32.14, or 0.19%, to 16,511.96, the Nasdaq was down 7.97, or 0.19%, to 4,268.27, and the S&P 500 was down 6.85, or 0.36%, to 1,899.28.
10:53 EDTNSC, CSX, KSU, CNI, CPRailroads advance after report of Canadian Pacific approach to CSX
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10:31 EDTCP, CSXCredit Suisse questions WSJ article on Canadian Pacific and CSX merger
Credit Suisse said it wouldn't be surprised if Canadian Pacific (CP) approached CSX (CSX), but questions its validity unless Canadian Pacific makes an official response. The analyst notes the STB rules concerning Class I mergers have an impossible hurdle rate, making a deal a non-starter.
10:26 EDTCSXHigh option volume stocks
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09:21 EDTCSX, CPOn The Fly: Pre-market Movers
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08:24 EDTCP, CSXCSX price target raised to $37 from $32 at Bernstein
Bernstein raised its price target on CSX (CSX) after The Wall Street Journal reported that the company was approached by Canadian Pacific (CP) about a possible merger. The firm thinks the deal could enable CSX to more quickly raise its margins and presents it with an opportunity to unlock significant near-term value. Bernstein says the report makes it more constructive on CSX, but it keeps a Market Perform rating on the shares.
08:01 EDTCP, CSXCanadian Pacific, CSX merger timing not ideal, says Cowen
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07:23 EDTCSX, CPCSX volatility up, approached by Canadian Pacific on possible merger, report
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October 12, 2014
16:04 EDTCSX, CPCSX approached by Canadian Pacific on possible merger, WSJ says
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October 10, 2014
10:01 EDTCNIOn The Fly: Analyst Upgrade Summary
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08:33 EDTCNICanadian National upgraded at BMO Capital
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06:27 EDTCNICanadian National upgraded to Outperform from Market Perform at BMO Capital
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October 9, 2014
07:58 EDTCSXCSX October volatility elevated into Q3 and volume outlook
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October 8, 2014
14:07 EDTCSXCSX confirms train moving to Chattanooga derailed
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10:06 EDTGWR, CSX, UNP, KSU, NSCStephens transportation analysts hold an analyst/industry conference call
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October 7, 2014
15:05 EDTCNITSB deploys investigators to site of Canadian National derailment
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14:23 EDTCNICanadian National train derailed in Saskatchewan, CBC reports
A Canadian National freight train carrying hazardous material derailed near Wadena, Saskatchewan, CBC News reported on Twitter. Reference Link
October 6, 2014
07:16 EDTCPCanadian Pacific price target raised to $265 from $229 at Credit Suisse
Credit Suisse raised Canadian Pacific's price target to $265 and increased estimates following the favorable update in long-term targets. Shares are Outperform rated.
07:09 EDTUNPAmerican Trucking Association to hold a conference
2014 ATA Management Conference is being held in San Diego on October 4-7.
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