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Stock Market & Financial Investment News

News Breaks
May 20, 2014
15:59 EDTCSX, KSU, CNI, NSC, UNP, GWR, CP, TRN, GBXNDPC study shows Bakken consistency, similarity to other light sweet crudes
Bakken crude is similar to other North American light, sweet crudes and does not pose a greater risk to transport by rail than other transportation fuels, concluded a study recently completed by Turner, Mason & Company for the North Dakota Petroleum Council, NDPC. The data also showed that Bakken crude is consistent throughout the basin with only minor geographic variability in gravity, and is comparable to other light, sweet crudes. “This is the third independent study to confirm that Bakken crude does not significantly differ from other crude oils and poses no greater risks than other flammable liquids authorized for rail transport,” said Kari Cutting, vice president of the NDPC. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Genesee & Wyoming (GWR), Kansas City Southern (KSU), Norfolk Southern (NSC), Trinity Industries (TRN), The Greenbrier Companies (GBX) and Union Pacific (UNP). Reference Link
News For CSX;KSU;CNI;NSC;UNP;GWR;CP;TRN;GBX From The Last 14 Days
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October 13, 2014
16:17 EDTCPCanadian Pacific initiated with a Buy at UBS
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16:17 EDTCSXCSX initiated with a Buy at UBS
Target $39.
16:17 EDTNSCNorfolk Southern initiated with a Buy at UBS
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16:17 EDTUNPUnion Pacific initiated with a Buy at UBS
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16:17 EDTCNICanadian National initiated with a Neutral at UBS
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 EDTCSX, KSU, NSC, CP, CNIRailroads advance after report of Canadian Pacific approach to CSX
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10:31 EDTCSX, CPCredit 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 EDTCP, CSXOn The Fly: Pre-market Movers
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08:24 EDTCSX, CPCSX 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 EDTCP, CSXCSX 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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07:41 EDTGBX, TRNRail supply names should be bought on recent weakness, says Wells Fargo
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06:46 EDTGBXGreenbrier recent weakness overdone, says BofA/Merrill
BofA/Merrill said recent weakness and concerns for Greenbrier are overdone. The firm sees no threat from regulatory changes and said recent orders are strong. Shares are Buy rated.
06:27 EDTCNICanadian National upgraded to Outperform from Market Perform at BMO Capital
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