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Stock Market & Financial Investment News

News Breaks
April 16, 2014
08:09 EDTCSXCSX says overall outlook for Q2 is 'favorable'
Expects strong 2013 harvest shipments to continue with an increase in food and beverage shipments. Expects strength in energy-related markets to continue and steel production expected to increase. Expects recovery in residential construction and an increase in wind energy demands. Sees decreased demand for thermal shipments and modest growth for North American vehicle production. Expects moderate increase in short-haul phosphate rock. Comments taken from slides for Q1 earnings conference call.
News For CSX From The Last 14 Days
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July 2, 2015
11:35 EDTCSXCSX says Tennessee derailment affecting shipments
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June 30, 2015
08:09 EDTCSXRail estimates need to come down further, says Citi
Citi analyst Christian Wetherbee noted that consensus estimates in the rail sector for Q2 EPS have fallen an average of 8% since the firm moved below consensus last month, but believes the numbers have to come down further. Wetherbee cut his Q2 estimates by another 5%, lowered Q3 by 4% and cut his forecast for 2016 EPS by 3% and lowered price targets on stocks in the space by 6% on average. Wetherbee added that he believes Union Pacific (UNP) and Norfolk Southern (NSC) have the highest the pre-announcement risk in the group and lowered his targets on those stocks, as well as for Canadian National (CNI), Canadian Pacific (CP), CSX (CSC) and Kansas City Southern (KSU).
June 29, 2015
13:47 EDTCSXSupreme court ruling could shift thermal coal sentiment, says Morgan Stanley
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June 24, 2015
07:33 EDTCSXHouse Transportation & Infrastructure Committee to hold a hearing
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