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Stock Market & Financial Investment News

News Breaks
February 11, 2013
09:41 EDTCSXCSX gaps up after positive mention in weekend Barron's
The stock is up just under 2% at time of writing, following a positive piece in Barron's this past weekend. The article suggested this was the time for investors to buy back in, noting share appreciation could be as much as 33%. At the current price of $22.48, next resistance is at $22.67, a recent pivot high. Support is at $22.26, the low of the session.
News For CSX From The Last 14 Days
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May 19, 2015
07:11 EDTCSXWolfe Research to hold a conference
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May 15, 2015
06:44 EDTCSXEnvironmentalists file lawsuit over oil train safety rules, NY Times says
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May 14, 2015
10:20 EDTCSXCSX sees Q2 EPS growth flat to slightly up vs. last year, consensus 55c
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10:19 EDTCSXCSX CFO says Q2 volume tracking 'slightly below' expected levels
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10:19 EDTCSXCSX continues to see EPS growth in mid to high single digit range
CSX CFO Fredrik Eliasson discussed the company's performance and second quarter volume and earnings projections at the Bank of America Merrill Lynch 2015 Transportation Conference in Boston. Eliasson highlighted CSX's financial performance over the past decade, during which the company delivered a compound annual growth rate in EPS of 20% despite the loss of nearly $900M in coal revenue over the last few years. Eliasson outlined the company's view of second quarter volume, which is tracking slightly below expected levels due to very strong comparisons to last year. However, thanks to improving service levels and asset utilization, the company still expects second quarter EPS growth that is flat to slightly up compared to last year.For the full year, CSX continues to expect EPS growth in the mid-to-high single digit range, as well as meaningful margin expansion as the company makes progress toward a mid-60s operating ratio. Earnings growth this year will be driven predominantly by accelerating pricing performance and productivity gains approaching $200M as the company cycles strong volume comparisons and additional headwinds coal.
09:19 EDTCSXKansas City Southern drops after withdrawing 2015 revenue, volume guidance
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May 13, 2015
17:12 EDTCSXCSX says no impact from Amtrak trail derailment
CSX said in an emailed statement, "CSXs mainline is not in the vicinity of the incident, and at this time we are not experiencing any significant delays in our operations through the Philadelphia area. We will work with customers to continue meeting their needs as first responders and investigators complete their important work."
16:06 EDTCSXOptions Update; May 13, 2015
iPath S&P 500 VIX Short-Term Futures down 38c to 20.67. Option volume leaders: AAPL CSCO NTI FB CSX BABA EIX BAC DD WMB TSLA JCP QCOM DAL
10:46 EDTCSXRail estimates lowered at Wolfe Research
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07:13 EDTCSXBofA/Merrill to hold a conference
2015 Transportation Conference is being held in Boston on May 13-14.
May 8, 2015
13:49 EDTCSXCSX CFO discloses sale of 30,000 shares
CSX CFO Fredrik Eliasson disclosed today the sale of 30,000 shares at a price of $35.48 on May 6. Eliasson still owns 95,543 shares of CSX, according to the filing.

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