Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

CSX Corp. Leads Earnings Train


Transportation company's report and outlook will be a nice gauge for overall economy.

Minyan Morning Memo

One to Watch: CSX Corp. (CSX) will hope to avoid giving investors any excuse to rail against its stock when the transportation giant reports after the close. Q2 is expected to be down; of greater importance is the company's outlook and guidance. With an increasingly carbon friendly footprint that sends cargo all across America, CSX is a good guage of economic health. As such its results will receive more attention than many in a week which sees a welter of earnings announcements.

What Just Happened: Last week the Dow declined to its lowest levels since April. Oil flirted with the 50's again. And Arnie aimed to prove his is the party of the big tent by giving a weekend interview in one as California's fiscal crisis raged on.

What's Happening: Asia was off across the board, and less dire than feared results from Philips (PHG) are failing to stop a similar drop in Europe. Blame it on Rio Tinto (RTP), the iron ore titan is sinking like a stone after China arrested a key executive. President Jintao is clearly keen to prove Hu's on first. U.S. futures are off as markets anxiously await earnings.

What Will Happen: The federal budget statement is out at 2:00 PM Eastern in an otherwise quiet day in economics. We'll get quarterly announcements from Novellus (NVLS) as well as Charles Schwab (SCHW), which hopes to benefit from a Barrons bounce after adorning its cover.

Happenstance: The last leg of my European trip takes me to France, where I was amused to learn McDonald's (MCD) golden arches carry weight even in the land of the Michelin Guide. The country ranks second only to America as a cash cow for the company. Apparently even our continental cousins devour freedom fries with relish. And ketchup.
< Previous
  • 1
Next >
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Featured Videos