No Picture
Trading Ideas

A Railroad's Earnings Win Isn't an All-Clear

(Bloomberg Opinion) — CSX Corp.’s results were better than many feared they would be, but they came at the expense of several hundred jobs.The railroad on Wednesday said third-quarter revenue declined 5% as the the uncertainty wrought by the trade war and a slump in coal shipments weighed on cargo volumes. Even so, CSX’s earnings per share for the period beat analysts’ estimates and its operating ratio – a measure of profitability in which a lower number is better – fell to 56.8%, compared with 58.7% a year earlier and 57.4% in the second quarter. That reflected in part a …read more […]

No Picture
Trading Ideas

A 7.9% Yield That’s Unlikely to Go Up in Smoke

Shares of Altria Group (NYSE: MO) have been falling for more than two years.
This could be because an increasing number of investors don’t want to invest in a cigarette company for ethical reasons, or it could be because it’s hard to get excited about a business when the majority of its customers want to quit using its product.
It’s tough enough already from a business and public relations perspective to be a tobacco company. But now Altria is facing difficulties with Juul. Altria invested $13 billion in the electronic-cigarette maker.
As you’re probably aware, both federal and state governments are creating stronger …read more […]