|Day Low/High||70.00 / 71.14|
|52 Wk Low/High||58.47 / 80.73|
Selling Union Pacific after hitting resistance at the same spot yet again; moving into CSX after stabilizing just above $70.
Stranger things have happened, but with NFLX's subscriber miss, the stock just became hard money, joining the likes of Johnson & Johnson and CSX Corp.
Much of it occurs when someone jumps the gun, deciding that the headlines must be traded without any knowledge of what is underneath them.
And just why do we have a federal debt ceiling, anyway? An argument for doing away with it.
We examine how well each major player is trimming fat and improving efficiency on its business amid a potential slowdown.
With earnings that lack much optimism, CSX not a good bet for buying on weakness now.
Isn't it rich? Are we a pair? Me here at last on the ground, You in mid-air, Where are the clowns?... Don't you love farce? My fault, I fear I thought that you'd want what I want Sorry, my dear! - Stephen Sondheim, Send in the Clowns Speaking of tra...
While some of CSX's earnings numbers went off rails, the company posted an all-time best operating ratio, so CEO comments on call pretty 'puzzling.'
CSX Corp. shares are experiencing their largest drawdown in almost two decades today. In the past month I have pointed to the weakness in the transportation index - and its possible economic (and market) ramifications. From Steve Cortes:
When there is fear in a sector, there is often opportunity as well.
The railroad has run into a snag amid what its CEO termed "the most puzzling" economic backdrop he has seen in his career.
Let's check out the charts and indicators.
Preventing the U.S. dollar from appreciating too aggressively while repairing credit conditions are 'job freaking one'.
For those trading the FANG or FAANG names, and especially Facebook, Tuesday sets up as a day bearing exceptional levels of headline risk.
As usual, the stocks that bounce back first are the tech stocks with little Chinese exposure and the consumer packaged goods that just demonstrated good numbers.
Warren Buffett believes precision railroading is proving profitable. Is BNSF a new test case?
Businesses are spending. If you're making stuff... if you're buying stuff, then the railroads are moving stuff.
When you see that money pouring out of the market it is going to be looking for a home. The home will most likely want some economic sensitivity.
China reported positive data, bolstering markets. Netflix had a beat on earnings, but faces fierce competition ahead. CSX is a thing of beauty.
When Netflix reports earnings tonight, what will likely matter above all else for now will be subscriber growth.
What I see from 10,000 feet above... in the age of suddenly profitable fuel as cargo, are the railroads.
It is going to be fast, it is going to be furious during a shortened week of trading.
The recent selloff in transport stocks following an impressive two-month rally could create some buying opportunities.
Next week we'll be at the tail end of earnings season. It's been a blast, at least until this past week when we got some iffy news about trade.
They are killing it this earnings season, but how much is driven by a desire to beat tariffs?
So far 2019 is proving to be a year where things have a habit of working out right.