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Where There is Smoke, There is Fire | CSX Short 🚂Classic short setup for CSX railroad here. It just so happens other railroads are also showing bearish formations with imminent resolution - most likely to the downside - ahead. Remember: we are at 3.6% unemployment - a rate that has remained historically unsustainable, and elusive if not unattainable - for the last 75 years. Combining the "large-time-frame" bearish formation of CSX and the current status of the long-run labor market, I think we have a strong case for a weak aggregate demand. Not to mention, oil has been selling off for a year, despite higher unemployment. So... what gives?
NASDAQ:CSXShort
by ChiefMacro
NSC | Come and ride the train | LONGNorfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, beverages, and canned goods; chemicals consist of sulfur and related chemicals, petroleum products comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, sand, and natural gas liquids; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal. It also transports overseas freight through various Atlantic and Gulf Coast ports; provides commuter rail passenger transportation services; and operates an intermodal network. As of December 31, 2022, the company operated approximately 19,100 route miles in 22 states and the District of Columbia. Norfolk Southern Corporation was incorporated in 1980 and is headquartered in Atlanta, Georgia.
NYSE:NSCLong
by DivergenceSeeker
5
UNP:Head and shoulders?!Union Pacific Corporation Short Ter m - We look to Buy at 205.26 (stop at 192.50) A bullish reverse Head and Shoulders is forming. Previous resistance at 205.00 now becomes support. Support could prove difficult to breakdown. Preferred trade is to buy on dips. Further upside is expected. Our profit targets will be 241.01 and 260.00 Resistance: 240.00 / 280.00 / 300.00 Support: 205.00 / 180.00 / 160.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:UNPLong
by VantageMarkets
Transportation leader $NSC is making new highsNorfolk Southern Corp. operates more than 19,000 miles of rail road in the U.S. With a #2 ranking in the IBD Group Leadership and a RS line rating of 84, NSC is close of making an ATH. This is a sign of very good technicals. On the fundamental side, it had a revenues increas of 15% to $8.29B for the nine months ended 30 September 2021. Also, for the last 3 quarters reported and increase in sales and EPS. What may drive the price up for the upcoming weeks, are the news of NYSE:NSC is collaborating with NYSE:X and NYSE:GBX to create a new and sustainable high-strength steel railcar. Is a partnership between supplier, builder, and end-user. The company is also launching a new web site called NSites, a GIS-based search engine to help businesses easily find rail-served industrial sites and transload facilities that meet their needs. Remeber that round numbers like $300 holds a pretty strong psychological barrier. So I'll be waiting for the breakout.
NYSE:NSCLong
by dpuleo19
CSXIt looks like we are currently at a high that has broken the previous high since August 23rd. I want to wait until price gets closer to my 20 (red) and 50 (orange) ema's It seems as if we started trading above the 200 ema after we had bearish candles that broke under temporarily where it reached and rejected a strong support level of around $29. Between Dec 2020 and May 2021, there is some heavy traffic on the railway. I would like the current price to retrace its previous low from Sept 27th up to at least 38% - 61% with some bullish candles and price action on the 15 min timeframe to see if we are ready for a ride up if CSX does actually drop. Best case scenario, I want price to bounce off of the 38% daily Fibonacci level to continue towards the upside (creating a lower high). None of my words are law. Just an idea! Oh....I'm tired of getting stopped by trains and I always see a CSX train everytime smh.
NASDAQ:CSXLong
by Redimere_91
Stocks/Industrials - CNR Railroad WarsIdea for Canadian National Railway: - An interesting thing has occurred. CNR approached Kansas City Southern (KSU) with an unsolicited offer that would merge the companies to become the first and only single railroad to cross Canada, the US, and Mexico. A combination of either CNR or CP with KSU would do this. Naturally, CP will want to stop this existential threat at all costs. - Such a deal must pass massive regulatory scrutiny and receive approval from the Surface Transportation Board. - CP filed a formal objection to the rival bid with the STB, which has the final say on rail acquisitions in the US, in order to buy time. The 10% price drop in CNR during the 30% rise of KSU reflects the euphoric investors now pricing in the probability of a deal and a no-deal. - The bottom line is that deal, or no-deal, CNR is at quite the discount, for investors bullish on defensive stocks in the industrials/transportations sectors. Our speculation is that the deal will occur, and it will occur for CNR. Why? - We believe that a macro turn is here. We are bullish on the industrials/transportation sectors. - This aligns with our belief in the theme that that a time is here such that companies in all sectors to undergo mergers & acquisitions, in a race to become "Too Big To Fail" and obtain the blessing of government subsidization before the inevitable mass bail-ins. - As the global economy moves toward Stagflation, and perhaps Deflation, investors will decrease their risk appetite appropriate for a Goldilocks economy, and will rotate from Momentum and Consumer Discretionary stocks to Quality, Consumer Staples, Utilities, Dividend Yields, and Defensives stocks. - We foresee a ravenous appetite in the supply chain sector, due to (a) COVID shipping backlog, which will only increase should COVID mutate and cause further lockdowns, (b) nations moving toward domestic production, which will increase intranational logistics and infrastructure demands, and (c) a shift from a software-oriented tech boom to a boom in the industrials and capital goods sector, from what we perceive is being attempted with the US stimulus packages. - CNR is the bigger company, and has more resources at its disposal. At such a junction, the time has come for them to bet everything on becoming the undisputed railway leader in the Americas before the industrials boom cycle. - CP's objection is simply a tactic to buy time, but CNR will inevitably come back with an even greater offer. At the end of this game, CP cannot win, but only come out in a stalemate, which will not benefit KSU. What they could do is continue to be a thorn in CNR's side until they receive a favorable portion of the pie, such as % ownership of the new entity. - KSU will at least want to maintain the façade of considering any deals, to keep the momentum in their stock price. - CP may offer a great entry later on, should they fail in their efforts and investors abandon them. - Technically, the prices must converge. CNR is at the bottom of a horizontal channel, but it would be apt to observe the reaction to the correction before entry, to see if it is indeed an over-reaction. - We doubt that institutional investors will let this opportunity pass and allow a 100 year old defensive company and Canada's largest railway to fall further. 120~ is the lowest we think it could fall. - Interestingly, Bill Gates has recently become the largest single shareholder of CN stock, owning a 10.04% interest. We have further speculations about Bill Gates' ESG objectives, which for now - shows large investors' confidence in the company. GLHF, DPT Disclaimer: We absolutely do not provide financial advice in any shape or form. We do not recommend investing based on our opinions and strongly cautions that securities trading and investment involves high risk and that you can lose a lot of money. Loss of principal is possible. We do not recommend risking money you cannot afford to lose. We do not guarantee future performance nor accuracy in historical analyses. We are not registered investment advisors. Our ideas, opinions and statements are not a substitute for professional investment advice. We provide ideas containing impersonal market observations and our opinions. Our speculations may be used in preparation to form your own ideas.
TSX:CNRLong
by UnknownUnicorn1043646
2
One of history greatest rektageTravelling back in time to the 19th century, the time of railroad bubbles. Back then the corrupt government would make laws that prevented legitimate capitalists from fairly competing and trying to provide the greatest benefit to society, to instead let friends of theirs have a monopoly and charge honest citizen whatever they wanted to. (I will make a separate idea on this later maybe tomorrow). In 1857 he ended in a fight to gain control of the New York and Harlem Railroad, one of the only two lines with direct access to Manhattan and had some unique advantages. He later explained that he wanted to show that he could take this railroad, which was generally considered worthless, and make it valuable. Can you guess what happens next? And this is how corrupt council members and crony capitalists got rekt beyond belief. I assume Cornelius Vanderbilt had a personal army as security, to prevent him from hanging himself.
TVC:DJIEducation
by MrRenev
8
CSX Short Based on FundamentalsNo 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 - www.aar.org Earnings Growth Positive - Bullish - But how can this be maintained with lower shipments and the current macro environment? Cass Freight Index YoY - Bearish - public.tableau.com Cass Freight MoM - Bearish public.tableau.com 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.
NASDAQ:CSXShort
by UnknownUnicorn764329