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CSX Rises on Encouraging Rail Traffic Data

CSX logoCSX (CSX - option chain) shares are rising today along with most other railroad stocks after RailAmerica (RA) reported that freight carloads on its North American railroads rose 1.4 percent in February compared to February of 2009. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on CSX.

CSX opened this morning at $49.63. So far today the stock has hit a low of $49.63 and a high of $50.98. As of 12:05, CSX is trading at $50.48 up 59 cents (1.2%). The chart for CSX looks bullish and S&P gives CSX a positive 4 STARS (out of 5) buy ranking.

Continue reading CSX Rises on Encouraging Rail Traffic Data

Analyst upgrades, downgrades and initiations: ANN, AXP, CIEN, DE, RA, SBUX, ZION ...

Analyst upgrades:

  • Jefferies upgraded Starbucks (SBUX) to buy from hold, citing EPS and revenue momentum heading into 2010. The firm raised its target to $25 from $22.
  • Soleil upgraded Zions Bancorp (ZION) to buy from hold on valuation as it believes the recent pullback provides an attractive entry point. The firm has a $17.50 price target on shares.
  • RBC Capital expects Rigel Pharmaceuticals (RIGL) to sign a partnership for R788 in the next four months to run its global Phase III program. Shares were upgraded to outperform from sector perform and its target was raised to $11 from $9.
  • Deere (DE) was upgraded to overweight from equal weight at Morgan Stanley.
  • Shire (SHPGY) was raised to outperform from market perform at Bernstein.
  • Ann Taylor (ANN) was upgraded to overweight from market weight at Thomas Weisel.
  • J.M. Smucker (SJM) was upgraded to overweight from neutral at JPMorgan.

Continue reading Analyst upgrades, downgrades and initiations: ANN, AXP, CIEN, DE, RA, SBUX, ZION ...

Closing Bell: The Yo-Yo market (ENER, ITT, F, GS, UNH, RA, FIG)

Today was another trading day bare of major economic data. Shares were all over the place today with the indexes not giving any clear direction at any point of the day. It was not until right before the close that you had a real feel for whether we would close up or down today.

Here are the unofficial closing bell levels:

Dow 9,874.31 -11.49 (-0.12%)
S&P 500 1,073.56 -2.63 (-0.24%)
Nasdaq 2,140.22 +1.08 (0.05%)

Top Analyst Upgrades
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Continue reading Closing Bell: The Yo-Yo market (ENER, ITT, F, GS, UNH, RA, FIG)

Symbol Lookup
IndexesChangePrice
DJIA+57.0312,858.26
NASDAQ+18.432,922.31
S&P 500+6.601,349.24

Last updated: February 13, 2012: 12:03 PM

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