Breaking News Instant updates and real-time market news.

CSX

CSX

$34.80

0.13 (0.37%)

09:13
11/30/16
11/30
09:13
11/30/16
09:13

CSX now sees Q4 EPS on reported basis flat to slightly up

Previously forecast Q4 EPS down vs. prior year. "We now expect fourth-quarter earnings per share on a reported basis to be flat to slightly up, as macroeconomic headwinds impacting the company's volume are moderating," CFO Frank Lonegro said. "At the same time, a recent operating property sale will now offset the impact of a debt refinancing charge announced earlier in the quarter." Quarter-to-date volume has declined three percent overall, and many markets are showing more moderate declines than in previous quarters. Coal in particular is showing sequential volume stabilization and is essentially flat in the fourth quarter to date. With macroeconomic headwinds moderating, Lonegro indicated that total volume is now expected to decline in the low-to-mid single digit range on a comparable 13-week basis, and expected to be flat to slightly up including the extra week that is part of CSX's 2016 accounting year. Lonegro also highlighted the results of CSX's aggressive efficiency initiatives. Through the third quarter, CSX has delivered about $550 million of cost savings, which includes both efficiency initiatives and volume-related savings. He reinforced CSX's expectations for full-year 2016 efficiency savings of around $400 million, including about $100 million from structural changes in the coal network, $150 million from normal productivity initiatives, and the balance from key initiatives such as train length which has increased 20 percent over the past two years.

  • 30

    Nov

CSX CSX
$34.80

0.13 (0.37%)

11/02/16
DBAB
11/02/16
INITIATION
Target $36
DBAB
Buy
CSX initiated with a Buy at Deutsche Bank
Deutsche Bank analyst Amit Mehrotra started CSX with a Buy rating and $36 price target.
11/10/16
BMOC
11/10/16
DOWNGRADE
BMOC
Market Perform
CSX downgraded to Market Perform from Outperform at BMO Capital
11/10/16
BMOC
11/10/16
DOWNGRADE
BMOC
Market Perform
CSX downgraded on negative catalysts at BMO Capital
As noted earlier, BMO Capital downgraded CSX to Market Perform from Outperform. Analyst Fadi Chamoun says that the company will be hurt in the near-term by "an over-supplied trucking market," while its cost savings are expected to decelerate next year and macro economic trends will become less favorable tothe company. Chamoun also cited valuation as a reason for the downgrade. Target to $35 from $34.
11/10/16
11/10/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Comerica (CMA) downgraded to Neutral from Outperform at Baird with analyst David George saying he sees a more balanced risk/reward as the company is already getting significant credit for earnings leverage from its efficiency program. 2. Qualcomm (QCOM) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst James Faucette saying Qualcomm's valuation adequately reflects incremental smartphone opportunities and NXP Semiconductor (NXPI) contribution. 3. CSX (CSX) downgraded to Market Perform from Outperform at BMO Capital with analyst Fadi Chamoun saying the company will be hurt in the near-term by "an over-supplied trucking market," while its cost savings are expected to decelerate next year and macro economic trends will become less favorable to the company. 4. SolarEdge (SEDG) downgraded to Market Perform from Outperform at JMP Securities, to Market Perform from Outperform at FBR Capital, and to Neutral from Buy at Roth Capital. 5. Capitala Finance (CPTA) downgraded to Perform from Outperform at Oppenheimer and to Neutral from Buy at Ladenburg. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

12:20
11/21/17
11/21
12:20
11/21/17
12:20
General news
U.S. equities are back at record highs »

U.S. equities are back at…

KORS

Michael Kors

$56.29

0.14 (0.25%)

12:19
11/21/17
11/21
12:19
11/21/17
12:19
Hot Stocks
Michael Kors to hire Francesca Leoni as new Chief Brand Officer »

Michael Kors Holdings…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 11

    Dec

TSRO

Tesaro

$83.54

-2.36 (-2.75%)

12:18
11/21/17
11/21
12:18
11/21/17
12:18
Recommendations
Tesaro analyst commentary  »

Tesaro financing removes…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 29

    Nov

$NSD

NASDAQ Market Internals

12:17
11/21/17
11/21
12:17
11/21/17
12:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

PEP

PepsiCo

$115.81

0.9 (0.78%)

, KHC

Kraft Heinz

$79.93

0.3 (0.38%)

12:16
11/21/17
11/21
12:16
11/21/17
12:16
Periodicals
PepsiCo speculated as possible Kraft Heinz target, FT says »

CreditSights suggests…

PEP

PepsiCo

$115.81

0.9 (0.78%)

KHC

Kraft Heinz

$79.93

0.3 (0.38%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

$NYE

NYSE Market Internals

12:16
11/21/17
11/21
12:16
11/21/17
12:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

BAC

Bank of America

$26.70

-0.04 (-0.15%)

12:10
11/21/17
11/21
12:10
11/21/17
12:10
Options
Size ratio call spread adds 50K contracts to Bank of America volume »

Size ratio call spread…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

TSRO

Tesaro

$83.54

-2.36 (-2.75%)

12:08
11/21/17
11/21
12:08
11/21/17
12:08
Hot Stocks
Tesaro higher after announcing 'non-dilutive' financing »

Tesaro announced earlier…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 29

    Nov

SU

Suncor

$35.28

0.34 (0.97%)

12:05
11/21/17
11/21
12:05
11/21/17
12:05
Options
Suncor call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 05

    Dec

12:00
11/21/17
11/21
12:00
11/21/17
12:00
General news
FX Action: USD-CAD »

FX Action: USD-CAD pulled…

11:55
11/21/17
11/21
11:55
11/21/17
11:55
General news
Treasury's $13 B 2-year FRN stopped at a high discount margin of 0.035% »

Treasury's $13 B…

TRIP

TripAdvisor

$30.48

-0.11 (-0.36%)

11:50
11/21/17
11/21
11:50
11/21/17
11:50
Options
TripAdvisor calls outpace puts 10:1 as shares see relative strength »

TripAdvisor calls outpace…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

RDS.A

Royal Dutch Shell

$61.70

-0.02 (-0.03%)

11:48
11/21/17
11/21
11:48
11/21/17
11:48
Conference/Events
Royal Dutch Shell to hold a meeting »

2017 Management Day will…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

AKRX

Akorn

11:48
11/21/17
11/21
11:48
11/21/17
11:48
Periodicals
Akorn spokesperson tells Bloomberg no change with Fresenius SE deal »

As previously reported,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

CRM

Salesforce

$109.11

1.735 (1.62%)

11:45
11/21/17
11/21
11:45
11/21/17
11:45
Earnings
On The Fly: What to watch in Salesforce earnings report »

Salesforce (CRM) is…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 21

    Nov

  • 27

    Nov

11:45
11/21/17
11/21
11:45
11/21/17
11:45
General news
Euro$ interest rate futures continue to recline »

Euro$ interest rate…

JNJ

Johnson & Johnson

$138.81

0.88 (0.64%)

11:44
11/21/17
11/21
11:44
11/21/17
11:44
Hot Stocks
Janssen announces submission of sBLA to expand indication for Darzalex »

Janssen Biotech, one of…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 14

    Dec

BLMN

Bloomin' Brands

$20.54

2.27 (12.42%)

11:40
11/21/17
11/21
11:40
11/21/17
11:40
Hot Stocks
Bloomin' Brands says will consider JANA Partners' perspectives »

Bloomin' Brands…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

PAGP

Plains GP Holdings

$20.85

-0.04 (-0.19%)

11:40
11/21/17
11/21
11:40
11/21/17
11:40
Options
Call writer opens a notable new position in Plains GP Holdings »

Call writer opens a…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

NFLX

Netflix

$194.10

0.9 (0.47%)

, T

AT&T

$34.49

-0.155 (-0.45%)

11:34
11/21/17
11/21
11:34
11/21/17
11:34
Hot Stocks
FCC chairman Ajit Pai circulates draft Restoring Internet Freedom Order »

FCC chairman Ajit Pai…

NFLX

Netflix

$194.10

0.9 (0.47%)

T

AT&T

$34.49

-0.155 (-0.45%)

VZ

Verizon

$46.31

0.105 (0.23%)

CHTR

Charter

$338.37

-3.17 (-0.93%)

CMCSA

Comcast

$35.83

-0.33 (-0.91%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 29

    Nov

MU

Micron

$47.64

1.48 (3.21%)

11:30
11/21/17
11/21
11:30
11/21/17
11:30
Options
Large four-way spread in Micron as shares see strength »

Large four-way spread in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 27

    Nov

  • 19

    Dec

NFLX

Netflix

$194.10

0.9 (0.47%)

, T

AT&T

$34.44

-0.205 (-0.59%)

11:23
11/21/17
11/21
11:23
11/21/17
11:23
Periodicals
FCC Chair proposes to scrap existing net neutrality rules, Bloomberg reports »

FCC Chairman Ajit Pai has…

NFLX

Netflix

$194.10

0.9 (0.47%)

T

AT&T

$34.44

-0.205 (-0.59%)

VZ

Verizon

$46.34

0.14 (0.30%)

CMCSA

Comcast

$35.83

-0.33 (-0.91%)

CMCSK

Comcast

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 29

    Nov

ILG

ILG

$28.61

-0.51 (-1.75%)

11:20
11/21/17
11/21
11:20
11/21/17
11:20
Options
Second day of interest in ILG longer-dated puts »

Second day of interest in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 29

    Nov

  • 30

    Nov

  • 01

    Dec

PANW

Palo Alto Networks

$152.93

10.4 (7.30%)

11:18
11/21/17
11/21
11:18
11/21/17
11:18
Upgrade
Palo Alto Networks rating change  »

Palo Alto Networks…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 11

    Dec

  • 11

    Dec

  • 17

    Jan

  • 17

    Jan

OCLR

Oclaro

$6.49

-0.09 (-1.37%)

11:17
11/21/17
11/21
11:17
11/21/17
11:17
Hot Stocks
Oclaro announces participation in upcoming investor conferences »

Oclaro announced that…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 28

    Nov

  • 29

    Nov

  • 12

    Dec

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.