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CSX (CSX, $31.57) beat earnings expectations for Q2
CSX reported its second-quarter earnings forecasts after the bell Wednesday.
The rail-based freight transportation company's adjusted earnings for the quarter came in at 40 cents a share, compared to the 37 cents a share expected by analysts polled by FactSet.
Earnings experienced tailwinds of +12 cents a share from the sale of property rights in line segments to the Commonwealth of Virginia for passenger rail operations.
Revenue grew +33% year-over-year to $2.99 billion in the quarter, on the back of growth across all lines of business. It is also higher than analysts' estimate of $2.928 billion. The company experienced a -9% year over year decrease in expenses, while its operating income improved to $1.69 billion for the quarter.
In June, CSX announced that its board had approved a 3-for-1 stock split to be given out to shareholders as a stock dividend.
CSX's Stochastic Oscillator is staying in oversold zone for 4 days
The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an uptrend is expected.
Current price $33.26 crossed the support line at $33.29 and is trading between $33.29 support and $32.72 support lines. Throughout the month of 04/13/22 - 05/16/22, the price experienced a -5% Downtrend. During the week of 05/09/22 - 05/16/22, the stock fell -1%.
Following a +3.53% 3-day Advance, the price is estimated to grow further. Considering data from situations where CSX advanced for three days, in 194 of 316 cases, the price rose further within the following month. The odds of a continued upward trend are 61%.
CSX may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Momentum Indicator moved below the 0 level on May 09, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on CSX as a result. In 41 of 84 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 49%.
The Moving Average Convergence Divergence Histogram (MACD) for CSX turned negative on May 09, 2022. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 54 similar instances when the indicator turned negative. In 24 of the 54 cases the stock turned lower in the days that followed. This puts the odds of success at 44%.
CSX moved below its 50-day Moving Average on May 05, 2022 date and that indicates a change from an upward trend to a downward trend.
The 10-day Moving Average for CSX crossed bearishly below the 50-day moving average on April 13, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 8 of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 50%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CSX declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 43%.
The Aroon Indicator for CSX entered a downward trend on April 11, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 61%. During the last month, the daily ratio of advancing to declining volumes was 1.16 to 1.
The Tickeron Profit vs. Risk Rating rating for this company is 11 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 83, placing this stock better than average.
The Tickeron Price Growth Rating for this company is 53 (best 1 - 100 worst), indicating steady price growth. CSX’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 57 (best 1 - 100 worst), pointing to average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is 77 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 83 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: CSX's P/B Ratio (5.513) is slightly higher than the industry average of (2.194). P/E Ratio (19.011) is within average values for comparable stocks, (38.414). Projected Growth (PEG Ratio) (2.240) is also within normal values, averaging (2.083). Dividend Yield (0.011) settles around the average of (0.039) among similar stocks. P/S Ratio (5.685) is also within normal values, averaging (3.577).
The Railroad industry includes passenger and freight transportation services along rail lines. This also includes companies that provide maintenance and switching duties as part of rail services. Within North America, the industry is largely dominated by some large operators. Several short-line railroads serve regional and local routes. Union Pacific Corporation, Canadian National Railway Company, and CSX Corporation are some of the prominent names in the business. The railroad business is relatively cyclical; economic expansion boost the freight services in particular, while economic stagnation often dampens transportation demand.
The average market capitalization across the Railroads Industry is 14.2B. The market cap for tickers in the group ranges from 1.1K to 144.9B. UNP holds the highest valuation in this group at 144.9B. The lowest valued company is URAL at 1.1K.
The average weekly price growth across all stocks in the Railroads Industry was -1.82%. For the same Industry, the average monthly price growth was -4.55%, and the average quarterly price growth was -9.15%. ALSMY experienced the highest price growth at 2.59%, while URAL experienced the biggest fall at -75%.
- 5/11/22 7:46 AM: CSX (CSX, $32.78) was a top loser this week, declining -5.07%. Expect a Downtrend reversal
- 4/5/22 5:39 AM: CSX (CSX, $35.61) was a top loser this week, declining -5.12%
- 3/22/22 5:13 AM: CSX (CSX, $36.86) was a top weekly gainer, with a +7.68% jump
The average weekly volume growth across all stocks in the Railroads Industry was -28.57%. For the same stocks of the Industry, the average monthly volume growth was 26.95% and the average quarterly volume growth was 63.53%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Negative Outlook today, backed by the TrendWeek Indicator. Tickeron has a negative outlook on this group and predicts a further decline by more than 4.00% within the next month with a likelihood of 54%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.12.
2 stocks in the group of tickers confirmed the negative outlook based on the 15 indicator with average odds of 51%.
The most notable companies in this group are Union Pacific Corp (NYSE:UNP), CSX Corp (NASDAQ:CSX), Norfolk Southern Corp (NYSE:NSC).
The average market capitalization across the group is 44.8B. The market cap for tickers in the group ranges from 2B to 144.9B. UNP holds the highest valuation in this group at 144.9B. The lowest valued company is GNGYF at 2B.
The average weekly price growth across all stocks in the group was 0.38%. For the same group, the average monthly price growth was -2.75%, and the average quarterly price growth was -6.89%. CJPRY experienced the highest price growth at 2.08%, while QRNNF experienced the biggest fall at -2.14%.
- 5/14/22 4:23 AM: Aurizon Holdings (QRNNF, $2.74) was a top loser this week, declining -5.19%. Expect a Downtrend reversal
- 5/12/22 5:38 AM: Union Pacific (UNP, $223.88) was a top loser this week, declining -5.57%. Expect a Downtrend reversal
- 5/11/22 7:46 AM: CSX (CSX, $32.78) was a top loser this week, declining -5.07%. Expect a Downtrend reversal
The average weekly volume growth across all stocks in the group was -43.7%. For the same stocks of the group, the average monthly volume growth was -13.49% and the average quarterly volume growth was 32.74%
- 4/28/22 5:53 AM: The volume for Canadian National Railway stock increased for one day, resulting in a record-breaking daily growth of 223% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
The most notable companies in this group are Union Pacific Corp (NYSE:UNP), CSX Corp (NASDAQ:CSX), Norfolk Southern Corp (NYSE:NSC).
The Railroad industry includes passenger and freight transportation services along rail lines. This also includes companies that provide maintenance and switching duties as part of rail services. Within North America, the industry is largely dominated by some large operators. Several short-line railroads serve regional and local routes. Union Pacific Corporation, Canadian National Railway Company, and CSX Corporation are some of the prominent names in the business. The railroad business is relatively cyclical; economic expansion boost the freight services in particular, while economic stagnation often dampens transportation demand.
The average market capitalization across the Railroads Industry is 14.2B. The market cap for tickers in the group ranges from 1.1K to 144.9B. UNP holds the highest valuation in this group at 144.9B. The lowest valued company is URAL at 1.1K.
The average weekly price growth across all stocks in the Railroads Industry was -1.82%. For the same Industry, the average monthly price growth was -4.55%, and the average quarterly price growth was -9.15%. USDP experienced the highest price growth at 7.41%, while URAL experienced the biggest fall at -75%.
- 5/14/22 4:23 AM: Aurizon Holdings (QRNNF, $2.74) was a top loser this week, declining -5.19%. Expect a Downtrend reversal
- 5/12/22 5:38 AM: Union Pacific (UNP, $223.88) was a top loser this week, declining -5.57%. Expect a Downtrend reversal
- 5/11/22 7:46 AM: CSX (CSX, $32.78) was a top loser this week, declining -5.07%. Expect a Downtrend reversal
The average weekly volume growth across all stocks in the Railroads Industry was -66.13%. For the same stocks of the Industry, the average monthly volume growth was -58.6% and the average quarterly volume growth was -64.25%
- 4/28/22 5:53 AM: The volume for Canadian National Railway stock increased for one day, resulting in a record-breaking daily growth of 223% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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