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Stock Market & Financial Investment News

News Breaks
November 6, 2013
14:06 EDTCSXCSX backs view of FY13 EPS growth slightly up from last year
FY13 EPS consensus $1.83. CSX CFO Fredrik Eliasson, at the Baird Industrials Conference, reiterated expectations for 2013 earnings per share growth that will be slightly up from last year despite continued headwinds in both the export and domestic coal markets. The company expects merchandise and intermodal businesses to continue growing at a rate above the general economy, Eliasson noted. Intermodal, a key driver of growth, now represents 40% of overall volume and is expected to increase further, the CFO added.
News For CSX From The Last 14 Days
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July 15, 2015
10:01 EDTCSXOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AGCO (AGCO) upgraded to Market Perform from Underperform at Wells Fargo... Anglo American (AAUKY) upgraded to Outperform from Neutral at Credit Suisse... Avis Budget (CAR) upgraded to Buy from Hold at Deutsche Bank... Brookfield Renewable (BEP) upgraded to Neutral from Underperform at Credit Suisse... CSX (CSX) upgraded to Outperform from Sector Perform at RBC Capital... Centene (CNC) upgraded to Buy from Hold at Jefferies... Commerce Bancshares (CBSH) upgraded to Market Perform at Raymond James... Entegris (ENTG) upgraded to Buy at Craig-Hallum... Guess (GES) upgraded to Market Perform from Underperform at Telsey Advisory... Hertz (HTZ) upgraded to Buy from Hold at Deutsche Bank... Iberdrola (IBDRY) upgraded to Buy from Hold at Societe Generale... Liberty Global (LBTYA) upgraded to Conviction Buy from Buy at Goldman... LinkedIn (LNKD) upgraded to Overweight from Equal Weight at Barclays... Lonmin (LNMIY) upgraded to Neutral from Sell at Goldman... Navient (NAVI) upgraded to Overweight from Equal Weight at Barclays... NetApp (NTAP) upgraded to Sector Weight from Underweight at Pacific Crest... Omnicom (OMC) upgraded to Outperform from Market Perform at Wells Fargo... PTC Therapeutics (PTCT) upgraded to Overweight from Neutral at JPMorgan... Panera Bread (PNRA) upgraded to Overweight from Underweight at Piper Jaffray... Primerica (PRI) upgraded to Strong Buy from Market Perform at Raymond James... Sands China (SCHYY) upgraded to Overweight from Equal Weight at Barclays... Seagate (STX) upgraded to Buy at Craig-Hallum... Western Digital (WDC) upgraded to Buy from Hold at Craig-Hallum... Wolseley (WOSYY) upgraded to Overweight from Neutral at JPMorgan.
09:23 EDTCSXOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Bank of America (BAC), up 2.9%... CSX (CSX), up 2.6%. ALSO HIGHER: Hertz (HTZ), up 3.9% after being upgraded to Buy from Hold at Deutsche Bank. NOTABLE: Receptos (RCPT), up 10.5% following deal to be acquired by Celgene (CELG)... Celgene is up 7.9% after announcing acquisition of Receptos... UP AFTER RECEPTOS/CELGENE DEAL: ZIOPHARM Oncology (ZIOP), up 1.7%... Arena Pharmaceuticals (ARNA), up 6.5%. DOWN AFTER EARNINGS: Delta Air Lines (DAL), down 2.4%. ALSO LOWER: Mead Johnson (MJN), down 4.8% after reducing fiscal 2015 EPS guidance... Columbia Pipeline Partners (CPPL), down 5.6% after 4.64M share Block Trade priced at $24.15... SINA (SINA), down 2.7% after being downgraded to Hold from Buy at Deutsche Bank... MacroGenics (MGNX), down 2.8% after 3.25M share Secondary priced at $37.00.
09:05 EDTCSXCSX has about 600 employees furloughed, number may increase
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08:45 EDTCSXCSX sees Maryville derailment affecting Q3 EPS by 1c
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08:45 EDTCSXCSX sees coal voumes down 15% in Q3
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08:31 EDTCSXCSX continues to target FY15 EPS growth in mid-to-high single digits
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08:29 EDTCSXCSX sees Q3 EPS 'relatively flat'
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08:19 EDTCSXCSX quarter likely to be 'least bad' one in rail space, says Stephens
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08:02 EDTCSXCSX should react well following earnings report, says Cowen
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07:52 EDTCSXCSX upgraded on efficiency gains, Q2 results at RBC Capital
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06:54 EDTCSXCSX upgraded to Outperform from Sector Perform at RBC Capital
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July 14, 2015
19:05 EDTCSXOn The Fly: Pre-market Movers
UP AFTER EARNINGS: CSX (CSX), up 3.5%. ALSO HIGHER: Receptos (RCPT), up 10.2% following deal to be acquired by Celgene (CELG)... Celgene is up 5.8% after announcing acquisition of Receptos... Celsion (CLSN), up 8.8% after being initiated with a Buy at BTIG... Aratana Therapeutics (PETX), up 10% after results of pivotal study of AT-003. DOWN AFTER EARNINGS: Peregrine (PPHM), down 3%... Yum! Brands (YUM), down marginally. ALSO LOWER: Allegheny Technologies (ATI), down 9.3% after providing second quarter EPS guidance... Mead Johnson (MJN), down 4.8% after reducing fiscal 2015 EPS guidance.
17:21 EDTCSXRailroad operators advance after CSX reports Q2 results
Shares of railroad operators are advancing after CSX (CSX) reported second quarter earnings per share after the close. WHAT'S NEW: CSX reported Q2 earnings per share of 56c, ahead of analysts' average expectations of 53c. Revenue declined 6% to $3.06B, below analysts' consensus estimates of $3.12B. The company explained that pricing gains were more than offset by the impact of lower fuel recovery, a 1% volume decline and changing business mix. The railroad operator saw a 5% increase in intermodal volumes compared to Q2 of 2014. Looking ahead the company sees 2015 EPS growth in the mid to high single digits. "While we saw challenges in a number of markets, CSX employees delivered an even safer, more reliable and more differentiated service product this quarter," said Michael J. Ward, chairman and CEO. "We expect the momentum in network performance we saw in the second quarter to accelerate, continuing to create value for our customers and shareholders." In a CNBC interview, CSX CFO Fredrik J. Eliasson said he anticipates a decline in crude-by-rail volumes for the remainder of the year. PRICE ACTION: Shares of CSX are up 3.24% in after-hours trading. Railroad operator peers are also advancing, with Norfolk Southern Corporation, Union Pacific Corporation (UNP), and Canadian National Railway Company (CNI) all rising in the after-hours.
16:25 EDTCSXCSX sees declines in crude-by-rail for remainder of year
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16:09 EDTCSXCSX reports Q2 EPS 56c, consensus 53c
Reports Q2 revenue $3.06B, consensus $3.12B.
16:06 EDTCSXCSX sees mid-to-high single digit earnings per share growth for 2015
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16:05 EDTCSXCSX reports Q2 EPS 56c, consensus 53c
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15:22 EDTCSXCSX July 32 straddle priced for 4% movement into Q2
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15:01 EDTCSXNotable companies reporting after market close
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12:47 EDTCSXCSX technical comments ahead of earnings news
The key technical condition on the long-term chart is the current break below the 10-month moving average. That average had been a close-fit proxy for a hand-drawn uptrend support line for the rally that began in January 2013. Continued bearish news would mean the break of the long-term uptrend would be reinforced, with next supports at $30.91, $29.40, and $27.97. If the news is a bullish surprise, the first big resistance level would be at the 10-month moving average at $34.63. A move that holds above the average would see the long-term bullish trend revived. Next resistance would be at $36.23. The life high for the stock is at $37.99.

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