No technicals bullshit here, purely fundamental driven.
Micro
PSR is the key theme in railroads right now. Despite a lower operating ratio CSX implementing PSR isn't proving to be as effective as people think and the optimism associated has created a bubble.
Macro
Railroad data weaker YoY - Bearish - https://www.aar.org/data-center/rail-traffic-data/
Earnings Growth Positive - Bullish - But how can this be maintained with lower shipments and the current macro environment?
Cass Freight Index YoY - Bearish - https://public.tableau.com/views/CassFreightIndex-Shipments/CassFreightIndex-Shipments?%3Aembed=y&%3Aembed_code_version=3&%3AloadOrderID=0&%3Adisplay_count=yes&%3Aorigin=viz_share_link
Cass Freight MoM - Bearish https://public.tableau.com/views/CassFreightIndex-Shipments/CassFreightIndex-Shipments?%3Aembed=y&%3Aembed_code_version=3&%3AloadOrderID=0&%3Adisplay_count=yes&%3Aorigin=viz_share_link
Weather - Hurricane Dorian - CSX is exposed to disruption and potential disaster which would impact the stock, it carries 8% of hazardous chemicals through it's North & South Carolina states.
This stock is going lower as it's exposed as a buyback stock pump with no real growth in the past 2 years.
Micro
PSR is the key theme in railroads right now. Despite a lower operating ratio CSX implementing PSR isn't proving to be as effective as people think and the optimism associated has created a bubble.
Macro
Railroad data weaker YoY - Bearish - https://www.aar.org/data-center/rail-traffic-data/
Earnings Growth Positive - Bullish - But how can this be maintained with lower shipments and the current macro environment?
Cass Freight Index YoY - Bearish - https://public.tableau.com/views/CassFreightIndex-Shipments/CassFreightIndex-Shipments?%3Aembed=y&%3Aembed_code_version=3&%3AloadOrderID=0&%3Adisplay_count=yes&%3Aorigin=viz_share_link
Cass Freight MoM - Bearish https://public.tableau.com/views/CassFreightIndex-Shipments/CassFreightIndex-Shipments?%3Aembed=y&%3Aembed_code_version=3&%3AloadOrderID=0&%3Adisplay_count=yes&%3Aorigin=viz_share_link
Weather - Hurricane Dorian - CSX is exposed to disruption and potential disaster which would impact the stock, it carries 8% of hazardous chemicals through it's North & South Carolina states.
This stock is going lower as it's exposed as a buyback stock pump with no real growth in the past 2 years.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.