As the Q1 earnings season wraps, let’s dig into this quarter’s best and worst performers in the transportation and logistics industry, including CSX (NASDAQ:CSX) and its peers.
Even if they go mostly unnoticed, industrial businesses are the backbone of our country. But they are at the whim of volatile macroeconomic factors that influence capital spending (like interest rates), and the market seems convinced that demand will slow.
Due to this bearish outlook, the industry has tumbled by 13% over the past six months. This drawdown was worse than the S&P 500’s 3.6% decline.
The $10-50 price range often includes mid-sized businesses with proven track records and plenty of growth runway ahead.
They also usually carry less risk than penny stocks, though they’re not immune to volatility as many lack the scale advantages of their larger peers.
Stability is great, but low-volatility stocks may struggle to deliver market-beating returns over time as they sometimes underperform during bull markets.
A fire at an abandoned multi-story mattress warehouse near West Baltimore station on Monday evening has suspended all regional rail service, affecting thousands of commuters. Amtrak halted trains between Washington, D.C., and Wilmington, including BWI Airport connections, while MARC commuter lines also face disruptions.
The railroad operator said the agreement includes general wage increases and health and welfare improvements, similar to its agreements with 13 other unions.
Freight and logistics provider Covenant Logistics (NASDAQ:CVLG) will be announcing earnings results tomorrow after market close. Here’s what to look for.
A company that generates cash isn’t automatically a winner.
Some businesses stockpile cash but fail to reinvest wisely, limiting their ability to expand.
