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☆ The 4 most important things we're watching in the stock market this coming week
▼ + stars: | 2024-01-20 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

Fortunately, we'll get useful information in the coming weeks as earnings season ramps up and updated inflation data is released. We really want to see more supply come into the market to provide some relief on shelter costs. Looking to next week, we'll get a several key economic updates and a ramp up of earnings releases. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Morgan Stanley, we'll, Procter & Gamble, we've, We're, we're, We'll, Forex, Brown, BRO, Zions, CrossFirst, Johnson, Lockheed Martin, Horton, ERIC, Baker Hughes, Abbott, ABT, Clark, BOK, Monro, Simmons, United Community Banks, Lam, Ethan Allen Interiors, Raymond James Financial, Sherwin, Williams, Northrop, Murphy, Arthur J, Levi Strauss, LEVI, Booz Allen, Jim Cramer's, Jim Cramer, Jim, John Gress Organizations: Nasdaq, Microsoft, Nvidia, Tesla, Apple, Bank of America, Reserve, Procter, Gross, Citigroup, of Hawaii, United Airlines, Logitech International S.A, AGNC Investment, Agilysys Inc, Great Southern Bancorp, Enterprise Financial Services, Independent Bank, Home Bancorp, RBB Bancorp, TrustCo Bank Corp, Gamble Co, Verizon Communications, 3M Company, General Electric Co, GE, RTX Corporation, Halliburton Company, HAL, Lockheed, Ericsson, Bank, GATX Corporation, MakeMyTrip, National Bancorp, Synchrony, Webster, Atlantic Union Bankshares Corporation, Invesco PLC, Peoples Bancorp Inc, Sandy Spring Bancorp, Netflix, Texas Instruments Incorporated, Steel Dynamics, Canadian National Railway Company, NBT Bancorp, East West Bancorp, Covenant Logistics Group, Inc, Hanmi, National Bank Holdings Corporation, Premier Financial, QCR Holdings, Renasant Corporation, Triumph, Veritex Holdings, ASML, SAP, Textron, Oriental Education, Technology Group, First BanCorp, General Dynamics, OFG Bancorp, Prosperity, TE Connectivity, United Community, Blue Foundry Bancorp, Capitol Federal, HBT, Teledyne Technologies, Business Machines, IBM, Las Vegas Sands Corp, Lam Research, United Rentals, Berkley Corp, Crown, International, Packaging Corporation of America, Seagate Technology plc, CACI, Swift Transportation Holdings, Ameriprise Financial, Concentrix Corporation, First Bank, Liberty Energy, Pathward Financial, Columbia Banking, CSX, American Airlines Group, NextEra Energy Inc, Alaska Air Group, Dow Chemical Co, Valero Energy, Southwest Airlines Co, Nextera Energy, Williams Co, Union Pacific, Applied Industrial Technologies, Mobileye, Northrop Grumman, Comcast, Nokia, TAL Education, McCormick & Company, Intel, Visa Inc, Gallagher, Co, KLA Corporation, Western Alliance, Mobile, L3Harris Technologies, Western, Olin Corporation, American Express Co, Booz, Booz Allen Hamilton Holding, Colgate, Palmolive Co, Norfolk Southern Corporation, Jim Cramer's Charitable, CNBC, Gamble's Locations: Procter &, U.S, China, ZION, Freeport, Kimberly, Las, W.R, Chicago

☆ EPA orders Norfolk Southern to perform additional cleanup following Ohio derailment
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +2 min

The EPA said it also ordered Norfolk Southern to conduct additional investigations into oily sheen, or film, on water and sediments in two creeks in East Palestine. "Through this order, Norfolk Southern will take a thorough look at the waterways to ensure there are no lasting impacts from the derailment," EPA Regional Administrator Debra Shore said. Norfolk Southern said the order "formalizes the continuation of work that has been ongoing since the derailment under a different regulatory scheme. Norfolk Southern remains cooperative, working with EPA and Ohio EPA at the site, and will continue to address derailment-related impacts in the waterways of Sulphur and Leslie Runs." In February, EPA issued a Superfund unilateral administrative order, compelling Norfolk Southern to eliminate spilled materials and contaminated soil from the location of train derailment.

Persons: Alan Freed, Leslie, Debra Shore, Leslie Runs, Sherin Elizabeth Varghese, Rahul Paswan, Leslie Adler Organizations: REUTERS, Environmental Protection Agency, Norfolk Southern Corp, EPA, Norfolk, Norfolk Southern, Ohio EPA, Thomson Locations: East Palestine , Ohio, U.S, Norfolk Southern, East Palestine, Ohio, Pennsylvania, Sulphur, Norfolk, Bengaluru

☆ Here are 13 stocks Jim Cramer is watching Tuesday, including Ollie's and Norfolk
▼ + stars: | 2023-08-15 | by ( Jim Cramer | ) www.cnbc.com time to read: +2 min

Workday (WDAY): Jefferies raises price target to $275 from $250, another positive call on enterprise software, which has been the Achilles heel of the Nasdaq. Deckers Outdoor (DECK) price target to $618 from $564 at TD Cowen. Ollie's Bargain Outlet (OLLI) PT raised to $83 from $67 at Wells Fargo, sees significant surge in bargain shopping. Substack meets MasterClass meets The Economist meets The New Yorker ... XPO Logistics (XPO) is out of penalty box. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jefferies, Oppenheimer, Buffett, LEN, Horton, Cowen, OLLI, Substack, MasterClass, Morgan Stanley, Jim Cramer's, Jim Cramer, Jim, Andrew Harrer Organizations: Southern, Getty Images, Hollywood, Barclays, Nasdaq, Textron, Bank of America, PayPal, XPO Logistics, Jim Cramer's Charitable, CNBC, Norfolk Southern Corp, Bloomberg, Getty Locations: Susquehanna, Wells Fargo, Singapore, Norfolk , Virginia

☆ Norfolk Southern agrees to boost safety at Ohio derailment site, US says
▼ + stars: | 2023-08-09 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

General view of the site of the derailment of a train carrying hazardous waste, in East Palestine, Ohio, U.S., March 2, 2023. REUTERS/Alan Freed/File PhotoWASHINGTON, Aug 9 (Reuters) - Norfolk Southern Corp (NSC.N) has agreed to improve conditions for workers rebuilding and cleaning up the site of its February derailment in East Palestine, Ohio, the U.S. Labor Department said on Wednesday. A Norfolk Southern-operated train derailed on Feb. 3 in Ohio, causing cars carrying toxic vinyl chloride and other dangerous chemicals to spill and catch fire. In March, Ohio and the U.S. Justice Department sued Norfolk Southern, seeking to ensure the railroad pays the full cost of cleanup and any long-term effects of the derailment. A U.S. Senate panel in May approved rail safety legislation that tightens rules on trains carrying explosive substances like the Norfolk Southern-operated train.

Persons: Alan Freed, We’ve, Alan Shaw, Susan Heavey, David Shepardson, Doina Chiacu, Deepa Babington, Jonathan Oatis Organizations: REUTERS, Norfolk Southern Corp, U.S . Labor Department, Teamsters ’ Railway Union, Safety, Health Administration, OSHA, Waste, Norfolk Southern, U.S . Justice Department, U.S, Senate, Republicans, Thomson Locations: East Palestine , Ohio, U.S, Norfolk Southern, Ohio, Norfolk

Companies Norfolk Southern Corp FollowNEW YORK, May 16 (Reuters) - Norfolk Southern Corp (NSC.N) was sued on Tuesday by bondholders who said they lost hundreds of millions of dollars because the railroad concealed safety risks prior to the February derailment in Ohio of a train carrying hazardous chemicals. A Norfolk Southern spokesman declined to comment, saying the Atlanta-based company does not discuss pending litigation. Norfolk Southern faced many lawsuits over the derailment in East Palestine, Ohio, including cases brought by Ohio's attorney general, local residents and shareholders. There are nearly 30 defendants, including Norfolk Southern executives and directors and 12 financial services companies that underwrote the bonds. The case is Ohio Carpenters Pension Fund et al v Norfolk Southern Corp et al, U.S. District Court, Southern District of New York, No.

☆ Norfolk takes $387 mln charge due to Ohio derailment, warns on volumes
▼ + stars: | 2023-04-26 | by ( ) www.reuters.com time to read: +2 min

April 26 (Reuters) - U.S. railroad operator Norfolk Southern Corp (NSC.N) took a $387 million charge in the first quarter due to the Ohio freight train derailment and said it expects economic headwinds to weigh on its volume and revenue during the April-June period. Shares of Norfolk, which operates in 22 states and the District of Columbia, slipped 1.1% in afternoon trade on Wednesday. The U.S. Justice Department sued Norfolk last month, seeking to ensure that the railroad operator pays the full cost of cleanup and any long-term impacts of the derailment. Norfolk posted an adjusted profit of $3.32 per share for the first quarter, compared with analysts' average estimate of $3.12 per share, according to Refinitiv data. Reporting by Amna Karimi and Nathan Gomes in Bengaluru; Editing by Subhranshu SahuOur Standards: The Thomson Reuters Trust Principles.

☆ Norfolk Southern Says Ohio Derailment Has Cost $387 Million
▼ + stars: | 2023-04-26 | by ( Will Feuer | ) www.wsj.com time to read: 1 min

Photo: Alan Freed/ReutersNorfolk Southern Corp. said the train derailment that spilled toxic chemicals in a small Ohio town earlier this year has cost the company almost $400 million so far. The Atlanta-based railroad operator said Wednesday that it was taking a $387 million initial charge associated with the accident. The charge doesn’t reflect money that the company could potentially recover through its insurance policies.

☆ Norfolk Southern expects economic, inventory headwinds to pressure Q2 volume, revenue
▼ + stars: | 2023-04-26 | by ( ) www.reuters.com time to read: +2 min

April 26 (Reuters) - U.S. railroad operator Norfolk Southern Corp (NSC.N) said on Wednesday it expected inventory and economic headwinds would pressure its volume and revenue throughout the second quarter, even as demand for freight remained strong. Norfolk came under heavy fire after one of its freight trains carrying hazardous materials derailed in East Palestine, Ohio in early February. "Looking at the back half of '23, clearly, the economic conditions remain uncertain," Elkins said. However, automotive shipments have boosted freight demand as car makers are ramping up production. Overall quarterly operating revenue rose 7.4% to $3.13 billion, compared with analysts' estimates of $3.11 billion.

☆ Norfolk Southern takes $387 mln charge in Q1 after Eastern Ohio derailment
▼ + stars: | 2023-04-26 | by ( ) www.reuters.com time to read: +1 min

April 26 (Reuters) - U.S. railroad operator Norfolk Southern Corp (NSC.N) said on Wednesday it took a $387 million charge in the first quarter after a freight train derailment in Eastern Ohio released over a million gallons of hazardous materials into the environment. Norfolk came under heavy fire after one of its freight trains carrying hazardous materials derailed in East Palestine, Ohio in early February. The state of Ohio sued the railroad operator in March, seeking compensation for damages to the state's environment, economy and residents. Norfolk, which serves 22 states and the District of Columbia, posted an adjusted quarterly profit of $3.32 per share, compared with analysts' average estimate of $3.12 per share, according to Refinitiv data. Reporting by Amna Karimi and Nathan Gomes in Bengaluru; Editing by Subhranshu SahuOur Standards: The Thomson Reuters Trust Principles.

☆ Drop in Transportation Stocks Foreshadows Weakening Economy
▼ + stars: | 2023-04-20 | by ( Vicky Ge Huang | ) www.wsj.com time to read: 1 min

Delta posted a quarterly loss and said consumers’ behavior is shifting in ways that can be hard to predict. Photo: ed jones/Agence France-Presse/Getty ImagesEconomically sensitive stocks, like those of transportation and small-cap companies, are trailing the broader market, reflecting growing investor concern about a potential recession. The Dow Jones Transportation Average, which tracks 20 large U.S. companies ranging from airlines to railroads to truckers, has underperformed the Dow Jones Industrial Average by about 8.3 percentage points since early February. Shares of Norfolk Southern Corp., American Airlines Group Inc. and J.B. Hunt Transport Services Inc. have dropped at least 10% over the same period.

☆ Railroad Group Cancels Order to Change Wheels on Hundreds of Railcars
▼ + stars: | 2023-04-14 | by ( Sabela Ojea | ) www.wsj.com time to read: 1 min

Photo: Nate Smallwood for The Wall Street JournalNorfolk Southern claimed that some loose wheels on railcars were a safety concern. A railroad industry trade group dropped its order to inspect railcars that could contain loose wheels after a spate of train derailments, including one involving Norfolk Southern Corp. in Ohio. Freight and tank car manufacturer National Steel Car said railcars it serviced weren’t responsible for recent train derailments. The trade group Association for American Railroads had called for additional inspections of hundreds of cars last month following the accidents.

☆ Norfolk Southern Derailment Spurs Questioning of Turnaround King’s Strategy
▼ + stars: | 2023-04-02 | by ( Kris Maher | ) www.wsj.com time to read: 1 min

The late E. Hunter Harrison , who ran four of North America’s major railroads, is credited with transforming the railroad industry by spreading a philosophy of aggressive cost-cutting. But criticism of that philosophy, known as precision-scheduled railroading, or PSR, has grown since the February derailment of a Norfolk Southern Corp. train that released hazardous chemicals in East Palestine, Ohio.

In the world of railroading, keeping the trains moving is paramount, and Norfolk Southern Corp. has little tolerance for late departures. Supervisors can be penalized for trains that are ready to leave but instead sit in rail yards, according to current and former employees of the Atlanta-based railroad. Train inspection time frames are tight. Employees who seek more-stringent reviews of rail equipment or slow down transport can face discipline.

☆ Justice Department, EPA File Civil Complaint Against Norfolk Southern
▼ + stars: | 2023-03-31 | by ( Dean Seal | ) www.wsj.com time to read: 1 min

Federal prosecutors and environmental regulators have filed a complaint against Norfolk Southern Corp. over last month’s derailment in East Palestine, Ohio. The U.S. Department of Justice and the U.S. Environmental Protection Agency jointly filed a civil complaint against the railroad operator, alleging that the discharge of pollutants, oil and hazardous substances from the derailment violated the Clean Water Act.

[1/2] General view of the site of the derailment of a train carrying hazardous waste, in East Palestine, Ohio, U.S., March 2, 2023. REUTERS/Alan FreedWASHINGTON, March 31 (Reuters) - The U.S. Justice Department on Thursday filed a lawsuit against Norfolk Southern Corp (NSC.N) over the Feb. 3 train derailment in East Palestine, Ohio. The state of Ohio filed a lawsuit against Norfolk Southern earlier this month. The U.S. lawsuit seeks to hold Norfolk Southern "accountable for unlawfully polluting the nation’s waterways and to ensure it pays the full cost of the environmental cleanup." Norfolk Southern did not immediately comment.

☆ Norfolk Southern shareholders sue over Ohio derailment
▼ + stars: | 2023-03-17 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

March 17 (Reuters) - Norfolk Southern Corp (NSC.N) shareholders have accused the railroad of defrauding them by prioritizing profit over safety prior to last month's derailment of a train carrying hazardous chemicals in East Palestine, Ohio. A Norfolk Southern spokesman declined to comment, saying the Atlanta-based company does not discuss pending litigation. Norfolk Southern has faced many lawsuits over the Feb. 3 derailment, including cases brought by local residents and Ohio's attorney general. Six of the seven largest U.S. freight railroads use Precision Scheduled Railroading: Norfolk Southern, Canadian National, Canadian Pacific, CSX, Kansas City Southern and Union Pacific. The case is Bucks County Employees Retirement System v Norfolk Southern Corp et al, U.S. District Court, Southern District of Ohio, No.

REUTERS/Gaelen MorseCompanies Norfolk Southern Corp FollowMarch 14 (Reuters) - The state of Ohio sued Norfolk Southern (NSC.N) Tuesday over the Feb. 3 derailment of a freight train that released over a million gallons of hazardous materials and pollutants into the environment around the town of East Palestine. Since the Ohio derailment caused cars carrying toxic vinyl chloride and other hazardous chemicals to spill and catch fire, Norfolk Southern has been under pressure over a number of train derailments. Last week, Norfolk Southern CEO Alan Shaw was sharply questioned at a U.S. Senate hearing and will appear at another March 22 rail safety Senate hearing. Those suits claim Norfolk Southern was negligent and has created a nuisance for residents, among other claims for liability. Last week, Norfolk Southern agreed to create a new first responders training center and expand a training program in Ohio.

☆ Norfolk Southern CEO to Pledge Change at Senate Hearing on Ohio Train Derailment
▼ + stars: | 2023-03-09 | by ( Costas Paris | ) www.wsj.com time to read: 1 min

Norfolk Southern Corp. will spend more than $20 million to reimburse residents and clean up a small town in Ohio where one of its trains derailed and spilled toxic chemicals last month, the chief executive of the company plans to tell a Senate committee on Thursday. “I am deeply sorry for the impact this derailment has had on the people of East Palestine and surrounding communities, and I am determined to make it right,” Norfolk Southern Chief Alan Shaw said in prepared remarks to the Senate’s Environment and Public Works Committee.

☆ Norfolk Southern’s Ohio Train Derailment Puts Railroad Equipment Sensors in Spotlight
▼ + stars: | 2023-03-08 | by ( Jemal R. Brinson | Costas Paris | ) www.wsj.com time to read: 1 min

The derailment of a Norfolk Southern Corp. train in a small Ohio town last month is putting renewed attention on the role of sensors that railroads use in a bid to prevent such accidents. The railroad, in response, announced new safety initiatives, including adding 200 temperature detectors to parts of its tracks where existing sensors are at least 15 miles apart, starting near the derailment site in East Palestine.

☆ NTSB to Probe Norfolk Southern Safety Culture After Derailments, Accidents
▼ + stars: | 2023-03-07 | by ( Costas Paris | Dean Seal | ) www.wsj.com time to read: 1 min

The cleanup continued at the site of a Norfolk Southern freight train derailment last month in East Palestine, Ohio. Federal transportation safety investigators have opened a special investigation into Norfolk Southern Corp’s safety culture in connection with recent derailments and fatal accidents in the railroad’s operations. The National Transportation Safety Board said Tuesday it was taking the step “given the number and significance” of accidents and called for Norfolk Southern to immediately review and assess its safety practices. The agency said it has launched investigations into five significant accidents involving Norfolk Southern since December 2021.

☆ Norfolk Southern to Add 200 Temperature Sensors After Ohio Derailment
▼ + stars: | 2023-03-06 | by ( Costas Paris | Colin Kellaher | ) www.wsj.com time to read: 1 min

Norfolk Southern Corp. said it plans to add about 200 temperature detectors along its tracks in the aftermath of a derailment of a train carrying hazardous chemicals in Ohio. The railroad said it would add the hot-bearing sensors to parts of its track where existing sensors are at least 15 miles apart, starting with the track west of East Palestine, Ohio. It said temperature sensors are on average 13.9 miles apart on its network.

☆ Norfolk Southern to Add 200 Temperature Sensors After Ohio Train Derailment
▼ + stars: | 2023-03-06 | by ( Costas Paris | ) www.wsj.com time to read: 1 min

Norfolk Southern Corp. said it plans to add about 200 temperature detectors along its tracks in the aftermath of a derailment of a train carrying hazardous chemicals in Ohio. The railroad said it would add the hot-bearing sensors to parts of its track where existing sensors are at least 15 miles apart, starting with the track west of East Palestine, Ohio. It said it currently has about 1,000 temperature sensors that are on average 13.9 miles apart on its network.

☆ Norfolk Southern’s Second Ohio Derailment Is Investigated
▼ + stars: | 2023-03-05 | by ( Ginger Adams Otis | Costas Paris | ) www.wsj.com time to read: 1 min

Officials on Sunday were investigating what caused a Norfolk Southern Corp. train to leave a track near Springfield, Ohio, in the company’s second derailment in the state in recent weeks. Unlike the Feb. 3 derailment near East Palestine, Ohio, which spilled toxic chemicals, no hazardous materials were aboard the train that went off track on Saturday, officials said.

☆ Norfolk Southern and Other Freight Railroads Agree to Join Federal Close-Call Reporting System
▼ + stars: | 2023-03-03 | by ( Esther Fung | ) www.wsj.com time to read: 1 min

The East Palestine, Ohio, train derailment has led to more scrutiny of railroad safety practices. Norfolk Southern Corp. and its rivals said Thursday they have agreed to join a federal system that lets employees confidentially report close calls, a program the biggest freight railroads had refused to join for years. Transportation Secretary Pete Buttigieg on Monday had asked the chief executives of the seven so-called Class 1 railroads— Union Pacific Corp., Norfolk Southern, BNSF Railway, CSX Corp., Canadian Pacific Railway Ltd., Canadian National Railway Co. and Kansas City Southern—to join the Federal Railroad Administration’s close-call reporting system.

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