CSX Corporation (CSX) Social Stream
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$CSX I started a position in $CSX back in January when the RSI fell to 30 (oversold), concurrent with the transition to the new administration and a shift in focus to national infrastructure and transportation development. The stock has performed beautifully to this point, a strong steady upward climb with relatively low volatility, riding the upper Bollinger half, straddling the MACD signal and (except for a brief period on their latest earnings call) not overheating on the climb. The company would benefit further from a national or international rail network, as suggested by recent M&A with the largest Canadian rail companies. From a financial perspective, the company pays a dividend with projected sales growth of 10%, a Net Margin of 26% and ROE of 21.4%. The company currently trades at a P/E 24 (Industry: 24) and P/S 7.4 (Industry 7.4).BinaryLogic, published May 10, 2021
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Other Notable StockTweets About CSX
On Thursday's fresh highs come after making other 3 highs in the last 10 days. On Thursday CSX Corporation (CSX) did it again and price closed at $101.82 merely changing a -0.85%; new all-time highs are set at $103.74.
Read more: https://stocks2.com/csx-stock/buy-or-sell/
Target Raised by Deutsche Bank Buy USD 105 » USD 113
Upgraded by BMO Capital Markets Market Perform » Outperform USD 95 » USD 110
Target Raised by RBC Capital Outperform USD 100 » USD 108
AAR: North American rail traffic jumped 22.2% last week, as y/y comparisons remain inflated following last year's steep declines in volume related to the coronavirus pandemic.
Carload volume rose 16% for the week ended April 10 on a dozen reporting US, Canadian & Mexican railroads, while intermodal traffic surged 28.4%. North American rail traffic is up 6.2% YTD.
US rail traffic rose 24.5% last week (31.2% rise in intermodal containers/trailers & 17.4% gain in carloads ). US rail traffic is up 6.8% YTD.
Canadian rail traffic rose 10.8% last week (14.4% rise in intermodal units & 7.7% gain in carloads). Canadian rail traffic is up 6.9% YTD.
Mexican rail traffic leapt 48.4% last week (62.3% rise in intermodal units & 38.9% gain in carloads). For Mexican rail traffic is down 4% YTD.
In the week ended April 11, 2020, North American rail traffic plunged 20.1% due to the coronavirus pandemic led to reduced demand for freight services.
$CP $CNI $BRK.B $CSX $UNP
Oh wow this is big! $CSX's 10-day Moving Average crossed above its 50-day Moving Average on February 23, 2021. View odds for this and other indicators: https://srnk.us/go/2655683tickeron, published April 9, 2021