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☆ Stocks making the biggest moves midday: Nvidia, Travelers, Blackstone, Uber and more
▼ + stars: | 2024-10-17 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Travelers' third-quarter earnings came in at $5.24 per share, topping the $3.55 a share expected from analysts polled by LSEG. Blackstone reported third-quarter earnings of $1.01 per share on revenue of $2.43 billion. CSX — Shares slipped 5.9% after the transportation company reported disappointing third-quarter results. Alcoa — The aluminum producer's stock shed more than 3% after the company reported third-quarter revenue of $2.90 billion, below the $2.97 billion LSEG consensus estimate. Synovus Financial — Shares popped 5% after the company reported better-than-expected adjusted earnings per share for the third quarter.

Persons: Uber, LSEG, Elevance, Blackstone, Equifax, Synovus, — CNBC's Sean Conlon, Hakyung Kim, Alex Harring, Pia Singh Organizations: Taiwan Semiconductor, Nvidia, Micron, Times, Expedia, —, LSEG, CSX, Nokia —, Alcoa, FactSet, Dynamics, Steel, Walgreens, Alliance

☆ Stocks making the biggest moves after hours: Lucid, Discover Financial, PPG Industries, Kinder Morgan and more
▼ + stars: | 2024-10-16 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +3 min

The financial services company posted third-quarter results that surpassed expectations, with earnings of $3.69 per share on $4.45 billion of revenue. Alcoa posted third-quarter adjusted earnings of 57 cents per share, topping analysts' estimate for 28 cents a share, per LSEG. Kinder Morgan reported adjusted earnings per share of 25 cents and revenue of $3.70 billion. Management also announced it expects to fall below budget on adjusted earnings before interest, taxes, depreciation and amortization and adjusted earnings per share by 2% and 4%, respectively. PPG Industries posted adjusted earnings of $2.13 per share on $4.58 billion in revenue.

Persons: LSEG, Lucid, Kinder Morgan —, Kinder Morgan, Equifax, —, Darla Mercado Organizations: Discover, CSX, Alcoa —, Alcoa, Revenue, Third Investment Company, Public Investment Fund, Management, PPG, Green, Dynamics, Steel Dynamics

☆ Stocks making the biggest moves premarket: Palantir, Caterpillar, Yum China, CrowdStrike and more
▼ + stars: | 2024-08-06 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines before the bell: Palantir Technologies — The data analytics company rallied 11% after raising its full-year revenue forecast. Yum China — Shares surged 8% after the Shanghai-based operator behind Pizza Hut and Taco Bell posted second-quarter earnings that beat expectations. Adjusted earnings of 55 cents per share topped the 47 cents per share anticipated by analysts surveyed by LSEG. Earnings came in at 47 cents per share, topping the 31 cents expected from analysts polled by LSEG. CSX reported earnings of 49 cents per share in the second quarter, above the 48 cents anticipated by analysts in an LSEG survey.

Persons: Taco Bell, Piper Sandler, ZoomInfo, LSEG, Lucid, — CNBC's Michelle Fox, Fred Imbert, Jesse Pound Organizations: Technologies, Taco, LSEG, Revenue, Caterpillar, Nvidia, Micro Computer, Broadcom, Intel, CSX Locations: China, Shanghai

☆ Stocks making the biggest moves midday: Kenvue, Caterpillar, Uber, CrowdStrike and more
▼ + stars: | 2024-08-06 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Check out the companies making the biggest moves midday: Kenvue — The maker of Band-Aid bandages rallied 14% after beating analysts' estimates for its second quarter. Kenvue, which spun off from Johnson & Johnson last year, posted adjusted earnings of 32 cents per share, versus the 28 cents expected from analysts polled by FactSet. Palantir now anticipates revenue between $2.742 billion and $2.750 billion, up from its previous guidance of $2.68 billion to $2.69 billion. Caterpillar's adjusted earnings totaled $5.99 per share in the second quarter, beating the $5.55 per share estimate from analysts polled by FactSet. CrowdStrike — Shares rose 3% after Piper Sandler upgraded CrowdStrike to overweight from neutral, saying the dip in the cybersecurity stock following the global tech outage is a buying opportunity.

Persons: Johnson, FactSet, Taco Bell, ZoomInfo, LSEG, Lucid, BioMarin, CrowdStrike, Piper Sandler, —, Sarah Min, Sean Conlon, Yun Li, Jesse Pound Organizations: Johnson, FactSet, Revenue, Caterpillar, Lumen Technologies, Molson Coors Beverage —, Technologies, LSEG, Taco, CSX —, CSX, BioMarin Pharmaceutical Locations: China, Shanghai

☆ Stocks making the biggest moves after hours: CSX, Equifax and more
▼ + stars: | 2024-04-17 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

CSX — The rail transport and real estate stock ticked up about 1% after CSX beat Wall Street estimates on the top and bottom line in the first quarter. The railway company posted earnings of 46 cents per share on revenue of $3.68 billion, while analysts polled by LSEG anticipated earnings of 45 cents a share and revenue of $3.67 billion. Alcoa reported $2.6 billion in revenue, while analysts polled by LSEG called for $2.56 billion. The company posted a wider-than-anticipated loss of 81 cents per share, versus analysts' estimates for a 55-cent per share loss. Equifax expects earnings per share of $1.65 to $1.75 per share in the second quarter, while analysts polled by FactSet expected $1.87 per share.

Persons: LSEG, Equifax, FactSet Organizations: CSX, Wall, Vegas Sands, Alcoa Locations: Vegas

☆ Cramer names railroad stocks to watch as Red Sea troubles shake up freight routes
▼ + stars: | 2024-01-31 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Wednesday suggested railroad stocks may be starting to climb. "Boy is that terrific for the West Coast operators, and there you're thinking about Union Pacific and Canadian Pacific Kansas City." Cramer reviewed earnings reports from Union Pacific , Canadian Pacific Kansas City , CSX and Norfolk Southern , saying all except the latter have potential. Canadian Pacific Kansas City saw the largest volume growth of the bunch. If investors feel confident about the economy, they have Cramer's "blessing to stick with Union Pacific, Canadian Pacific, or CSX — in that order, by the way — and forget about Norfolk Southern for the moment."

Persons: CNBC's Jim Cramer, Cramer, we've, — you've Organizations: West Coast, Union Pacific, Canadian Pacific, Canadian Pacific Kansas City, Norfolk, Pacific's, Canadian, CSX, Norfolk Southern Locations: Yemen, Red, West Coast, Suez, East Coast, Canadian Pacific Kansas, Canadian Pacific Kansas City, CSX, Canadian Pacific, Ohio

☆ Stocks making the biggest moves after hours: SolarEdge, Knight-Swift Transportation and more
▼ + stars: | 2023-10-19 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

The company reported adjusted earnings per share of $1.46, surpassing analysts' expectations of $1.41 per share. Knight-Swift Transportation — Shares soared 14% after the freight transportation company reported a beat on the top and bottom lines for the third quarter. The company's revenue of $2.02 billion exceeded analysts' expectations of $1.89 billion. Western Alliance posted third-quarter earnings of $1.97 per share, while analysts polled by FactSet forecast $1.91 per share. CSX — The transportation company's shares dipped about 1% after the company's third-quarter earnings fell short of analysts' estimates.

Persons: Zvi Lando, LSEG, Darla Mercado Organizations: Enphase Energy, Swift, Western Alliance, FactSet, CSX, Revenue

☆ Stocks making the biggest moves premarket: Plug Power, Exxon Mobil, Pioneer, Novo Nordisk and more
▼ + stars: | 2023-10-11 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Plug Power — The battery stock added nearly 6% after the company projected a sharp rise in revenue by 2027 to roughly $6 billion, according to a regulatory filing. DaVita , Novo Nordisk — Shares of the dialysis services provider sank 15% on the news of Ozempic's effectiveness in Novo Nordisk's kidney disease treatment study. Exxon Mobil, Pioneer Natural Resources – Shares of Exxon Mobil were lower by more than 1% premarket after the company agreed to buy Pioneer for nearly $60 billion, or $253 per share, in an all-stock merger. Meanwhile, Pioneer shares rose 2.5%. CSX — Shares added nearly 2% after an upgrade to overweight from JPMorgan.

Persons: Michael Feniger, Raymond James, Humana, Bruce Broussard, Sherwin, Williams, Heidi G, Petz, David Risinger, Macheel, Pia Singh, Michelle Fox Organizations: Mobil, Bank of America, Novo Nordisk —, Novo Nordisk, Exxon Mobil, Natural, Exxon, CSX, JPMorgan, Leerink Partners Locations: Los Angeles , California, Novo

☆ A worker was killed after being hit by a remote-controlled train in Ohio. Now, unions are calling for change.
▼ + stars: | 2023-09-19 | by ( Associated Press | ) www.businessinsider.com time to read: +3 min

A railroad worker is dead after being hit by a remote-controlled train on a CSX railyard in Ohio. This is the third time a railway worker has been killed in an incident involving a remote-controlled train. The National Transportation Safety Board is investigating the death, which happened shortly before 4 a.m. Sunday in Walbridge, Ohio. AdvertisementAdvertisementTypically, a railroad worker stationed on the ground near a train controls its movements with a remote, although sometimes that worker rides aboard the train while it is moving. Railroad safety has been a key concern nationwide this year ever since a Norfolk Southern train derailed and caught fire in eastern Ohio in February.

Persons: Brotherhood of Railway Carmen, Keith Holloway, Fred Anderson, carman, Artie Maratea, Sheriee Bowman Organizations: CSX, Service, Transportation Communications Union, Brotherhood of Railway, National Transportation Safety, CSX —, Federal Railroad Administration, Railroad Locations: Ohio, Wall, Silicon, Walbridge , Ohio, Jacksonville , Florida, Norfolk Southern

A railroad worker died over the weekend after he was struck by a remote-controlled train in a CSX railyard in Ohio, raising concerns among unions about such technology. The National Transportation Safety Board is investigating the death, which happened shortly before 4 a.m. Sunday in Walbridge, Ohio. The Federal Railroad Administration has approved the use of remote-controlled locomotives since 2005. Typically, a railroad worker stationed on the ground near a train controls its movements with a remote, although sometimes that worker rides aboard the train while it is moving. Railroad safety has been a key concern nationwide this year ever since a Norfolk Southern train derailed and caught fire in eastern Ohio in February.

Persons: Brotherhood of Railway Carmen, Keith Holloway, Fred Anderson, carman, Artie Maratea, ”, Sheriee Bowman Organizations: CSX, Transportation Communications Union, Brotherhood of Railway, National Transportation Safety, CSX —, ” Transportation Communications Union, Federal Railroad Administration, Railroad Locations: Ohio, Walbridge , Ohio, Jacksonville , Florida, Norfolk Southern

☆ Stocks making the biggest moves midday: SoFi, ON Semiconductor, Disney, Sweetgreen and more
▼ + stars: | 2023-07-31 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

SoFi Technologies – Shares of the fintech company popped more than 18% after it reported second-quarter results and lifted its full-year guidance. ON Semiconductor — The chipmaker's shares jumped 3.2% after it posted an earnings and revenue beat for the second quarter. New Relic — Shares jumped 13.4% after a private equity consortium announced it would take the software company private. Sweetgreen — The salad chain's shares jumped 11% Monday after an upgrade from Piper Sandler. Adobe — The software stock jumped 3.9% after Morgan Stanley upgraded the shares to overweight from equal weight.

Persons: FactSet, Disney, Kevin Mayer, Tom Staggs, Bob Iger, Spero, Sweetgreen, Piper Sandler, XPeng, Cowen, Morgan Stanley, Morgan Stanley's, Goldman Sachs, Wayfair, Salesforce's, — CNBC's Hakyung Kim, Yun Li, Sarah Min, Tanaya Macheel, Samantha Subin Organizations: SoFi Technologies, Disney, Financial Times, Food and Drug Administration, UBS, Hasbro, of, Bank of America, CVS, Adobe, Chevron, New York Community Bancorp, Deutsche Bank, CSX, RBC Locations: Bob Iger .

☆ Stocks making the biggest moves premarket: American Express, AutoNation, CSX and more
▼ + stars: | 2023-07-21 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines before the bell:American Express — American Express slid 3% after posting smaller-than-expected revenue for the previous quarter, even as earnings per share beat expectations. The company reported second-quarter earnings of $2.89 per share on revenue of $15.05 billion. The company beat on the top and bottom lines, reporting adjusted earnings of $6.29 per share on revenue of $6.89 billion. CSX — CSX fell 4% after the transportation company missed revenue expectations in its second quarter. CSX reported revenue of $3.7 billion, lower than the $3.74 billion consensus estimate from Refinitiv.

Persons: Refinitiv, AutoNation, StreetAccount, Swift, — CNBC's Michelle Fox, Yun Li Organizations: Express, Sunnova Energy, BMO, CSX, PPG, PPG Industries, Refinitiv, Swift Transportation, Scholastic, StreetAccount

☆ Stocks making the biggest moves midday: Scholastic, AutoNation, Herc, American Express and more
▼ + stars: | 2023-07-21 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

American Express — Shares slipped about 4% after the company reported second-quarter revenue of $15.05 billion, falling short of the $15.48 billion expected from analysts polled by Refinitiv. The car dealer company reported second-quarter results that exceeded expectations on the top and bottom lines. The company posted systems revenue of $392.7 million, lower than the $415.9 million, according to a consensus estimate from StreetAccount. CSX — CSX slid more than 4% after the transportation company reported disappointing second-quarter revenue. The company reported revenue of $3.7 billion, which was weaker than $3.74 billion expected by analysts polled by Refinitiv.

Persons: Herc — Herc, Sherif El, Sabbahy, AutoNation, Swift, StreetAccount, — CNBC's Michelle Fox, Alex Harring, Hakyung Kim Organizations: Scholastic, Traders, American, Refinitiv, American Express, Bank of America, Swift Transportation —, Swift Transportation, PPG, PPG Industries, Sunnova Energy, BMO Capital Markets, CSX Locations: Hollywood, U.S

☆ Stocks making the biggest moves after hours: CSX, PPG Industries, Knight-Swift Transportation and more
▼ + stars: | 2023-07-20 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Earnings per share for the quarter were in line with expectations at 49 cents. The company posted adjusted earnings of $3.52 per share on revenue of $9.01 billion for the second quarter. The company also raised current-quarter and full-year earnings expectations. Knight-Swift Transportation — The transportation company tumbled 3% after missing analysts' consensus estimates on earnings in the second quarter and giving weak guidance. Analysts were expecting 55 cents in earnings per share and a quarterly revenue of $1.60 billion, according to Refinitiv.

Persons: Refinitiv, FactSet, Refinitiv ., Swift, Darla Mercado Organizations: CSX, Refinitiv, PPG, Systems, Swift Transportation, Management, Werner Enterprises, Scholastic Locations: Refinitiv

Macy's also slashed its full-year earnings and sales guidance, after "demand trends weakened" for discretionary items in March. Dollar General — Shares tumbled 9% after the company reported an earnings and revenue miss for the first quarter. The lingerie retailer reduced its full-year revenue guidance in the low-single digits range from the prior mid-single digit range estimates. Veeva also raised its full-year earnings per share guidance by 26 cents. The company's full-year revenue guidance also topped analysts' estimates.

Persons: Nordstrom, Nordstrom's, Salesforce, Okta, Okta's, Macy's, CrowdStrike's, Refinitiv, Veeva, Macheel, Samantha Subin, Jesse Pound, Michelle Fox Organizations: BMO Capital, Saudi Arabia's Public Investment Fund, Chewy, —, JPMorgan, CSX, UBS, Systems Locations: New York City, Canada

☆ Stocks making the biggest premarket moves: Apple, Meta, Micron, PacWest and more
▼ + stars: | 2023-05-22 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Check out the companies making the biggest moves in premarket trading:Apple — Shares of the iPhone maker fell about 1% premarket after Loop Capital downgraded Apple's stock to hold from buy. Nike , Foot Locker — Shares of Nike and Foot Locker declined 1.5% and 2.4%, respectively, in premarket trading. Foot Locker missed on the top and bottom lines in its first fiscal quarter, and lowered its guidance. UBS upgraded shares to a buy from neutral rating, saying that expansion into new markets should fuel growth. Norfolk Southern , CSX — Shares of the railroads added 1.8% and 1.5%, respectively, in premarket trading.

CSX — The transportation company's shares were up 2.6% after the company's first-quarter earnings and revenue topped analysts' expectations. CSX posted earnings of 48 cents per share and revenue of $3.71 billion. Knight-Swift Transportation — Shares fell less than 1% after the freight transportation company reported a miss on earnings for the first quarter. The company reported adjusted earnings of 73 cents per share, while analysts estimated per-share earnings of 81 cents, according to FactSet. However, the company's revenue of $1.64 billion came above analysts' expectations of $1.61 billion.

☆ Stocks making the biggest moves after hours: Tesla, Chevron, ServiceNow, Levi Strauss, IBM and more
▼ + stars: | 2023-01-25 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Tesla — Shares rose 0.4% in volatile trading after the electric-vehicle maker reported earnings and revenue for the fourth quarter that beat analyst expectations. Chevron — Shares advanced 2.7% after the oil company announced a $75 billion stock repurchasing program. Levi Strauss — The denim company jumped 7% after its earnings and revenue for the fourth quarter came in above expectations. International Business Machines — IBM beat quarterly earnings and revenue forecasts, but the stock fell more than 2%. Analysts polled by Refinitiv expected earnings of 46 cents per share on revenue of $3.72 billion.

☆ Jim Cramer says he likes these 3 industrial stocks heading into 2023
▼ + stars: | 2022-12-16 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Friday identified three industrial stocks that he believes are worth owning next year, saying he expects them to outperform the sector's top performers in 2022. The best-performing industrial stocks in the S&P 500 so far this year have been Northrop Grumman , Lockheed Martin and Deere — up 36.9%, 35.6% and 25.7%, respectively. Looking ahead, though, Cramer said he'd prefer to own the likes of Caterpillar , Illinois Tool Works and railroad operator CSX . Illinois Tool Works shares are down more than 12% in 2022 because fears of an economic slowdown have trumped the company's actual results, Cramer contended. Transports such as CSX — down nearly 16% year to date — are "totally hated" on Wall Street, Cramer acknowledged.

☆ Stocks making the biggest moves midday: Snap, American Express, Verizon, Twitter and more
▼ + stars: | 2022-10-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Snap — Shares of the Snapchat parent company cratered 30% after missing revenue estimates and sharing its slowest sales growth since going public as advertising spending slows. The results from Snap hit other ad-reliant stocks, sending shares of Pinterest and Meta Platforms down about 7.7% and 2.6%, respectively. Twitter — The social media stock sank more than 4% Friday amid a slew of media reports surrounding Twitter and Elon Musk. American Express – Shares of American Express fell about 3.5% even after the bank reported quarterly earnings and revenue that beat analysts' expectations. Huntington Bancshares — Shares gained 8% after the bank operator topped earnings estimates for the third quarter and upped its net interest income outlook for 2022.

☆ Stocks making the biggest moves premarket: Keurig Dr Pepper, CSX, Li Auto and more
▼ + stars: | 2022-09-27 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Check out the companies making headlines before the bell:Keurig Dr Pepper — The consumer stock fell 1.5% premarket after Goldman Sachs downgraded the stock to neutral from a buy rating. The Wall Street firm said it sees increased risk to Keurig's margins as commodity inflation, especially related to coffee, remains elevated. The Wall Street firm said it will be hard for Norfolk and CSX to achieve the consensus 25% volume growth going forward. Amazon, Apple, Microsoft — Big Tech names Amazon, Apple, Alphabet and Microsoft all traded at least 1% higher premarket, a possible rebound from Monday's sell-off. Treasury yields retreated Tuesday morning after the multi-year highs hit in the previous session put pressure on tech names.

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