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Stock Market & Financial Investment News

News Breaks
January 16, 2014
11:40 EDTCP, CSX, UNP, KSU, NSCCSX tumbles after fourth quarter profit misses expectations
Railroad operator CSX Corporation (CSX) is one of today's losers after the company's fourth quarter profit fell below expectations. WHAT'S NEW: Last night, CSX reported fourth quarter earnings per share of 42c and revenue of $3B, compared to analysts' consensus estimate of 43c and $3.01B, respectively. The company forecast modest growth in 2014, predominantly in the second half of the year. Earnings in the first half of the year were forecast by the company to to be flat to sightly down. "Supported by the strength of an expanding economy, we delivered 6% volume growth in the quarter, despite another sharp decline in coal," said CEO Michael Ward. ANALYST REACTION: This morning, analyst commentary was mixed. Research firm Stifel downgraded CSX to Hold from Buy, citing valuation after the company missed profit estimates. Conversely, Argus upgraded CSX to Buy from Hold, citing accelerating shipments of crude oil from shale formations, near-record grain harvests, increased demand for consumer finished goods, and stabilizing coal shipments. The firm maintained a price target of $35 on the shares. PRICE ACTION: In late morning trading, CSX tumbled 65% to $27.32 on more than twice its average daily trading volume. Over the past twelve months, the stock has gained approximately 30%, making a 52-week high of $29.25 earlier this month. OTHERS TO WATCH: Other rail suppliers include Norfolk Southern (NSC), Union Pacific (UNP), Kansas City Southern (KSU) and Canadian Pacific (CP), all of which are trading lower on the session.
News For CSX;NSC;UNP;CP;KSU From The Last 14 Days
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April 27, 2015
10:59 EDTCSXCSX options active on sharp rally
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10:40 EDTCSXCSX recent stock volume suggests someone building a stake, says UBS
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April 24, 2015
09:32 EDTUNPUnion Pacific downgraded to Market Perform from Outperform at Avondale
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April 23, 2015
12:35 EDTCSXStocks with call strike movement; CSX AAPL
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11:31 EDTCSXOptions with increasing implied volatility
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10:13 EDTCSXHigh option volume stocks
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09:18 EDTUNPOn The Fly: Pre-market Movers
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08:15 EDTUNPUnion Pacific expect to see improvement in network performance, cost efficiency
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08:14 EDTUNPUnion Pacific adjusts 2015 capital program down $100M to approximately $4.2B
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08:14 EDTUNPUnion Pacific reports Q1 business volumes down 2%
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08:13 EDTUNPUnion Pacific reports Q1 EPS $1.30, consensus $1.37
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06:03 EDTCSXCSX implied volatility of 37 at upper end of index
April 22, 2015
15:50 EDTUNPNotable companies reporting before tomorrow's open
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15:27 EDTNSCPower REIT says court dismisses P&WV's claims
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15:16 EDTUNPUnion Pacific April weekly volatility increases into Q1 and outlook
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13:08 EDTCSXCSX May calls active
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11:51 EDTCSXStocks with call strike movement; CSX YHOO
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11:08 EDTCSXOptions with increasing implied volatility
Options with increasing implied volatility: CZR FMSA PSEC CSX AEO CRM BBY SPLS HPQ DTV
07:58 EDTCSXCSX volatility increases on wide price movement
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05:48 EDTCSXStocks with implied volatility movement; CSX ATHX
Stocks with implied volatility movement; CSX (CSX) 40, Athersys (ATHX) 151 according to iVolatility.
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