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Stock Market & Financial Investment News

News Breaks
February 27, 2013
11:52 EDTKSUKansas City Southern jumps after report of crude terminal deal
Train operator Kansas City Southern (KSU) is climbing after Credit Suisse analyst Allison Landry wrote in a note to investors earlier today that the company has said it's conducting "very serious negotiations" with an energy company about developing a crude oil terminal in Port Arthur, Texas. The facility would handle five trains per day and become a major destination point for heavy crude from Canada, the analyst wrote. As a result of this developing deal, the company's revenue from transporting crude oil will be significantly higher than expected, the analyst believes. She maintained an Outperform rating on the stock. Meanwhile, Wells Fargo analyst Anthony Gallo wrote that the Port Arthur location is favorable because of its proximity to chemical and crude oil processing markets. However, the company would likely obtain significantly less than $3,000 per train car of crude, which is the amount that other railroad companies have received, the analyst wrote. Nevertheless, the construction of a crude oil terminal in Port Arthur would be "very beneficial" to Kansas City Southern, wrote Gallo, who maintained an Outperform rating on the stock. In late morning trading, Kansas City Southern jumped $9, or 9%, to $107.
News For KSU From The Last 14 Days
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July 21, 2014
10:42 EDTKSUOptions with decreasing implied volatility
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July 18, 2014
09:07 EDTKSUKansas City Southern still sees high single digit FY14 revenue growth
Consensus $2.6B. Says 2H14 growth dependent on utility coal & grain business and 2H14 utility coal & grain expected to be flat to 2013.
09:05 EDTKSUKansas City Southern sees Q3 adjusted EPS up low double-digits, consensus $1.26
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08:03 EDTKSUKansas City Southern 'optimistic' about business in 2H14
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08:01 EDTKSUKansas City Southern reports Q2 adjusted EPS $1.21, consensus $1.17
Reports Q2 revenue $649.7M, consensus $645.05M.
July 17, 2014
15:26 EDTKSUNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include General Electric (GE), consensus 39c; Honeywell (HON), consensus $1.36; Bank of New York Mellon (BK), consensus 56c; Johnson Controls (JCI), consensus 83c; V.F. Corporation (VFC), consensus 35c; Kansas City Southern (KSU), consensus $1.17; Autoliv (ALV), consensus $1.55.
July 16, 2014
10:17 EDTKSUKansas City Southern July volatility elevated into Q2 and outlook
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