CSX Corp

NYSE: CSX
$67.54
-$0.32 (-0.5%)
Closing price July 10, 2020
Wednesday's top analyst upgrades and downgrades included Amazon.com, Apple, Barrick Gold, Home Depot, Lennar, Lowe's, Newmont, Nikola, Oracle, Valero Energy and Visa.
CSX CEO says the rail company has responded well to the pandemic slump and aims to take market share from the trucking industry.
CSX has been able to cut expenses more than the pandemic has cut revenue, while modernizing and improving fuel efficiency.
CSX had good first quarter numbers. The reopening of the economy and signs of strength in the labor market point to a solid second quarter.
Any supply-side relief for the U.S. rail industry is likely to come as an afterthought because politicians will go for the high-visibility parts of the economy first.
Before the COVID-19 pandemic brought the U.S. economy almost to a halt, CSX was expecting 2020 to be a great year. But now that shipments have been drastically cut, the company is using the situation...
Monitoring freight and rail traffic is one of the primary means of knowing what is happening inside the economy. The situation looks dire.
With solid financials and a likely shift to domestic manufacturing in some sectors, CSX is well placed to benefit from coronavirus recovery.
The coronavirus pandemic has all but brought the U.S. and global economies to a halt. The effects of stay at home orders ripple through the supply chain and hit transportation companies especially...
Thursday's top analyst upgrades and downgrades included Apple, AT&T, Avis Budget, Baidu, Baker Hughes, Biogen, Chipotle Mexican Grill, Kinder Morgan, Netflix, Shopify and Ulta Beauty.
24/7 Wall St. has put together a preview of a few of the most anticipated quarterly reports due this week, including Amazon, Tesla, Netflix and Starbucks.
Friday's top analyst upgrades and downgrades included Alibaba, Apple, Arch Coal, BlackRock, Cisco Systems, ConocoPhillips, CSX, KeyCorp, Netflix, Qualcomm, Rite Aid and United Parcel Service.
Yet, as the global economy picks up and China starts shipping again, railroads will get busier. CSX stock may be positioned to reap some of the benefits of the pandemic down the line.
Wednesday's top analyst upgrades and downgrades included AMC, American Express, Apache, Apple, Beyond Meat, BP, Charles Schwab, CSX, General Motors, Pinterest, Walt Disney and Wingstop.
Ironically, the destruction that the spread of coronavirus has brought to the economy has created the need to move even more things by rail, truck and air. CSX is in one of the few industries that...