Railroads

Just when Wall Street was preparing for another strong weekly finish, civil fraud charges against one of the most powerful firms on Wall Street surfaced, rattling financial markets and sending stocks tumbling the most in two months.  Goldman Sachs, the firm in question, was accused by the U.S....

According to an article on TheStreet.com, there has been a constant debate among investors on the remaining strength in the bull market. Bears have been citing looming tax hikes, healthcare charges and a recent increase in new jobless claims as reasons for a decline in stocks. However, corporate...

Stocks advanced for a sixth straight session but the rally was unimpressive as fears of further monetary tightening measures from China and Google’s not-so-sound results dampened enthusiasm.  Although Alcoa (NYSE:AA) kicked off the earning season on a disappointing note, giving markets some initial...

CSX (NYSE: CSX) chief Michael Ward said that the purchase of Burlington Northern (NYSE: BNI) by Warren Buffett's Berkshire Hathaway (NYSE: BRK.A) was a "brilliant" acquisition" move, as the rail industry is rebounding. Shipments have risen after declining for a couple of years and CSX, the third-...

Analysts George Pickral and Alexander Brand at Stephens have released an update on CSX Corporation (NYSE: CSX). The company has reported its first-quarter results. CSX Corporation reported EPS of $0.78 in its first-quarter, beating analysts’ estimate of $0.71 and the consensus estimate of $0.69....

Shares of major U.S. railroads surged to new 52-week highs this morning after CSX (NYSE: CSX) reported first-quarter results that topped analysts' expectations. CSX said first quarter earnings rose 22 percent and said there was "gradual and steady growth in the economy." CSX said demand improved...

Ahead of bellwether Intel’s results U.S. stocks recorded slim gains Tuesday as optimism about corporate earnings was offset by Alcoa’s disappointing quarterly profit.  Stocks traded in the red in early going, hurt by Alcoa’s poor kickoff to earnings season, but expectations that Intel’s numbers...

• Intel (NASDAQ:INTC) reported its "best first quarter ever" on increased consumers spending on new computers. Earnings of 43 cents beat Zacks estimates of 38 cents a share and last year's 11 cent profit.  Revenues of $10.3 billion were ahead of Zacks estimates of $9.8 billion and well above prior...

Two key earnings reports after the bell gave further evidence the economic recovery is indeed on track. CSX (NYSE: CSX) reported first quarter earnings of 78 cents per share that easily topped expectations of 69 cents. Furthermore, rail volumes rose 5 percent, the first increase in three years....

CSX Corporation (NYSE: CSX) has reported a 20% increase in its first-quarter profit. The company reported a profit of $306 million, or $0.78 per share in its first-quarter, compared with a profit of $254 million, or $0.64 per share it reported for the same period last year. Revenue was up by 11% to...

While Intel (INTC) will get all the attention tonight I'll be reading through the CSX (CSX) data (they also beat by 9 cents) for a better idea of what is going on in the economy.  (I don't care if they beat or miss analysts guestimates - simply what they have to say about what they are seeing in...

After the closing bell today, CSX Corp. (NYSE: CSX) reported their quarterly earnings numbers. The company earned $306 million or $0.78 per share versus $254 million or $0.64 per share in the year ago quarter. This compared to analysts consensus EPS estimates of $0.69. "CSX drove strong...

CSX Corporation (NYSE: CSX) reported first quarter earnings and revenues that came in ahead of Wall Street expectations, sending shares higher in after-hours trading. The company earned 78 cents a share in their latest quarter, ahead of the consensus estimate of 69 cents per share. Revenues also...

Popular Inc (NASDAQ: BPOP) was upgraded by B. Riley from “neutral” to “buy.” SXL’s shares jumped 12.13% to $3.42. BPOP’s shares have declined 5.86% over the past 52 weeks. Citigroup upgraded Canadian Pacific Railway Limited (NASDAQ: CP) from “sell” to “hold.” CP’s stock has risen by only 6.19% so...