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Jan 16, 2020
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lets find out what csx reported the quarter. seema modi has more. >> sharps slipping in extended trade. the ceo of csx james foot on the earnings call blaming the softer industrial economy, the railroad operator revenue decreasing 8% year over year in the fourth quarter. driven by a double-digit decline in the export of coal. weak volumes come as the coal industry is under pressure under pressure from natural gas and concerns over emissions. pushing utilities to retire coal plants in the u.s. and seek cheaper renewable power alternatives the key thing to watch they say is the industry wide effort to implement precision scheduleland railroading to improve operating efficiency and lower cost and the big question whether the pyroimproving trade story leads to more traffic. but even with tensions easing csx says it took industrial activity a while to cool off and it will take a while to heat up. based on her this they expect the full-year revenue to be down stock down 2.7% back to you. >> csx looks great on the 10-year chapter. ment
lets find out what csx reported the quarter. seema modi has more. >> sharps slipping in extended trade. the ceo of csx james foot on the earnings call blaming the softer industrial economy, the railroad operator revenue decreasing 8% year over year in the fourth quarter. driven by a double-digit decline in the export of coal. weak volumes come as the coal industry is under pressure under pressure from natural gas and concerns over emissions. pushing utilities to retire coal plants in the...
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Jan 15, 2020
01/20
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michael khouw in san francisco with the action on csx.rails, mike. >> yeah, so csx looking at the volume in this earlier today we saw calls outpacing puts on 4 to 1 on face value that might be bullish. but that was maybe profit taking people selling the calls tripling in the last nine days .trade interesting me was based on implied move about 4% the implied move of 4% is less than the 4.2% it averaged over the last eight quarters including the disappointing earnings result you were alluding to earlier. the trade i saw was a buyer of the january 75 puts paying $1.20 for five hundred and purchased 25,000 share ever of the stock for 75.48. put that together that's sin thetically give don't the 75 straddle we when you buy the straddle you bet on volatility. that's what it trader is betting the stock will be more than 4% higher or lower when the options expire. >> okay. michael khouw. mike thank you very much looking at c the sx there. for more "options action" of course tune in to the full show nt e urin tdeastern time. upexaryo falras. turn
michael khouw in san francisco with the action on csx.rails, mike. >> yeah, so csx looking at the volume in this earlier today we saw calls outpacing puts on 4 to 1 on face value that might be bullish. but that was maybe profit taking people selling the calls tripling in the last nine days .trade interesting me was based on implied move about 4% the implied move of 4% is less than the 4.2% it averaged over the last eight quarters including the disappointing earnings result you were...
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Jan 16, 2020
01/20
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appreciate that. >>> mike, what are we looking for for csx?of thing where if you want to see the domestic reacceleration story get some strength, and you said to hear the commentary, so i think it's all about what they can tell us or what is coming in the next couple quarters. >> the transport will be very important. i wouldn't view rails and the trucking business as definitely a beneficiary of the rollback of some of the tariffs and the purchase commitments i would expect to see the carloads improve, and that's likely the case, but i want to start pre-positioning for that now. another quick comment on the types of businesses like xpo, i think there's a lot to like in those businesses the reverse logistics, the reverse merchandising, outsource of of logistics, and the packing and the shipment i think there should be some interested buyers in parts of that company. >>> we have just under nine minutes of that session. morgan stanley cutting its rating on tesla after a big run year to date phil has the details. >> wilf, this is the reason why sha
appreciate that. >>> mike, what are we looking for for csx?of thing where if you want to see the domestic reacceleration story get some strength, and you said to hear the commentary, so i think it's all about what they can tell us or what is coming in the next couple quarters. >> the transport will be very important. i wouldn't view rails and the trucking business as definitely a beneficiary of the rollback of some of the tariffs and the purchase commitments i would expect to see...
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Jan 18, 2020
01/20
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we had csx report this week. the group has performed very well unp is up over 4 3k9 this week alone and when we see situations like that, you might use like a risk reversal. you're not caught chasing by purchasing the stock at these levels we want to take an implied move. they average closer to three that suggests that the weekly options might be a little higher priced thaj they might otherwise be the trade quite simply if it seems simple is three legs to it but selling next week's 177 and a half put and the 190 call so that's a strangle. we'll collect 2.95 for that. the may 1.90 call. the interesting thing of course is by selling that 177 put i could potentially put the stock that's essentially where it began the week so this is how we're mitigating where the stock rallied this week. that strangle is going to decay away and we'll get to finance the longer dated call. give ourselves a nice setup to take a bullish bet with mitigate k the downside >> it's a fairly complex trade 's selling and buying a call oepgs bu
we had csx report this week. the group has performed very well unp is up over 4 3k9 this week alone and when we see situations like that, you might use like a risk reversal. you're not caught chasing by purchasing the stock at these levels we want to take an implied move. they average closer to three that suggests that the weekly options might be a little higher priced thaj they might otherwise be the trade quite simply if it seems simple is three legs to it but selling next week's 177 and a...
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Jan 16, 2020
01/20
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. >> we're going to get more earnings as we shift from the financials to csx tonight. we'll talk more about the industrial economy but in the meantime morgan stanley, again, reiterating solid performance out of the financials this earnings season. >> luckily i was able to pass wilf on the stairs who was listening to the conference call, follows financials for us. listen, it's about guidance as much as anything else at morgan stanley. they came out with very strong numbers in terms of what their outlook is for this year and that's why you see the stock up, jim, as much as it is right now. we're monitoring the call and will bring you more on it. the numbers themselves good but i think guidance is the key here. >> most of these companies can't even put out guidance. they're really thinking that it slings arrows at the economy david, this model that gorman has is a model of consistency. i've got to tell you, i'm impressed. he's a -- this is a well oiled machine, so you can put a multiple on it right now, david, why is this company selling at a multiple that is so low versu
. >> we're going to get more earnings as we shift from the financials to csx tonight. we'll talk more about the industrial economy but in the meantime morgan stanley, again, reiterating solid performance out of the financials this earnings season. >> luckily i was able to pass wilf on the stairs who was listening to the conference call, follows financials for us. listen, it's about guidance as much as anything else at morgan stanley. they came out with very strong numbers in terms...
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Jan 19, 2020
01/20
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we had csx report this week.he results weren't phenomenal but the group performed well unp up this week alone seeing situations like this frequently if you look to get into a name you might use a risk reversal sell the downside put and buying upside call you're not caught chasing by purchasing the stocks at these levels since they are reporting earnings next week we want to look at the implied move implying a move 3.5% when the average is about three that suggests the options might be higher price the than otherwise. i'm trying to incorporate a calendar element here. the trade if it seems simple with three legs. we are getting to it selling the next week's 177.5 put and the 190 calls. use the proceeds to help finance the purchase of longer dated call, the may $1.90. net-net spending $3.80 by selling the 177.5 put could potentially put the stock but where i put it at the 177 and a half level that's where it began the week this is how we mitigate the fact that it rallied this week. of course then the calendar effec
we had csx report this week.he results weren't phenomenal but the group performed well unp up this week alone seeing situations like this frequently if you look to get into a name you might use a risk reversal sell the downside put and buying upside call you're not caught chasing by purchasing the stocks at these levels since they are reporting earnings next week we want to look at the implied move implying a move 3.5% when the average is about three that suggests the options might be higher...
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Jan 17, 2020
01/20
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. >> csx volume down seven, another challenging year ksu low single digit growth in 2020 expediters,tivity weakened dramatically how long do we look past weak december data, at least in transports, weak q4 data >> it's a good question, how long i do think that the trade agreement, whatever the merits and the substance were, it gave people permission to say now we can bet on a ma to re turn you have to start to see the ma to cro turn in terms of the industrial and freight part of the economy. the subindexes of the transports were trying to do better, trying to pull away and we'll see if this sets them back. >> fascinol, ppg, none of them, again, the industrials sort of, i don't want to call them bellwethers but reflections not looking as good. >> they're not and you might have an investor say exactly why you buy apple and alphabet here and i think it all fits the same story, because if you're not talking about a recession, if you're not talking about an inverted yield curve, if you're not talking about rates going too high to compromise valuations and not talking about credit stress,
. >> csx volume down seven, another challenging year ksu low single digit growth in 2020 expediters,tivity weakened dramatically how long do we look past weak december data, at least in transports, weak q4 data >> it's a good question, how long i do think that the trade agreement, whatever the merits and the substance were, it gave people permission to say now we can bet on a ma to re turn you have to start to see the ma to cro turn in terms of the industrial and freight part of the...
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Jan 17, 2020
01/20
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also i want to draw your attention to shares of railroad operator csx, a very choppy day following mixed earnings, which the company blamed on a softening industrial economy that stock is down right now courtney, back to you. >> seema, thanks so much lindsey, are we too much stretched? >> we're getting a bit stretched, but you have to put that into context. that context is we have low interest rates and inflation that's stable and low as well, too, so you can be a bit -- have a bit more of a premium in that type of environment. we'll feel better if we start to see the earnings numbers come back in better than expected. >> another part of the economy, u.s. home building surging diana has more details. >> the big builder stocks responded accordingly. a 13-year high, all thanks to december housing starts. they surged nearly 17% for the month. the highest level since december 2006 breaking out the two components, sing of-housing up 11% multifamily apartment starts were up 32%, regional starts were strongest in the midwest and the sow, weaker in the west and the northeast. >>> diana, thanks f
also i want to draw your attention to shares of railroad operator csx, a very choppy day following mixed earnings, which the company blamed on a softening industrial economy that stock is down right now courtney, back to you. >> seema, thanks so much lindsey, are we too much stretched? >> we're getting a bit stretched, but you have to put that into context. that context is we have low interest rates and inflation that's stable and low as well, too, so you can be a bit -- have a bit...
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Jan 17, 2020
01/20
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then csx saw fourth quarter profits fall the company expects slight improvement and stronger performancesecond half of the year. those shares off about 3%. shares of progress software surging. up about 10% as revenues rose 19%. the company projecting first quarter and full year results above analyst estimates. >> still to come, a midair engine fire forcing one plane to make a dramatic landing. and why microsoft ceo says modern capitalism could soon, quote, be in jeopardy, end quote. every new job. and attempt to parallel park. (electrical current buzzing) each new draft of every novel. (typing clicks) the finishing touch on every masterpiece. (newborn cries) it is humanity's official two-word war cry. words that move us all forward. the same two words that capital group believes have the power to improve lives. and that, for over 85 years, have inspired us to help people achieve their financial goals. talk to your advisor or consultant for investment risks and information. talk to your advisor or consultant non-gmo, made with naturally sundown vitamins are all sourced colors and flavors
then csx saw fourth quarter profits fall the company expects slight improvement and stronger performancesecond half of the year. those shares off about 3%. shares of progress software surging. up about 10% as revenues rose 19%. the company projecting first quarter and full year results above analyst estimates. >> still to come, a midair engine fire forcing one plane to make a dramatic landing. and why microsoft ceo says modern capitalism could soon, quote, be in jeopardy, end quote. every...
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Jan 6, 2020
01/20
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following the down grade of csx last month, down graded to neutral. national rail down 1.4%.s city down about 1% >> millionaires are flocking to the south and not just to get away from the cold weather we have the why in that story and i can only guess >> it's our favorite topic, david. taxes. >> yes, taxes. >> florida attracted more new residents in 2018 and more new income than any other state and new york were the biggest loser. florida netted $16 billion in adjusted gross income last year up 3% according to the irs making it the top gainer for six years. arizona ranked a distant second followed by texas and then north carolina the biggest loser was new york, which saw $10 billion in income leave the state while california lost $8 billion followed by illinois and new jersey. 2018 was the first year the new tax law took effect that caps state and local tax deductions at $10,000 but it may be too early to determine the impact because migration out of new york actually slowed in 2018 and connecticut had the lowest income loss in four years. now, a bigger reason may be people
following the down grade of csx last month, down graded to neutral. national rail down 1.4%.s city down about 1% >> millionaires are flocking to the south and not just to get away from the cold weather we have the why in that story and i can only guess >> it's our favorite topic, david. taxes. >> yes, taxes. >> florida attracted more new residents in 2018 and more new income than any other state and new york were the biggest loser. florida netted $16 billion in adjusted...
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Jan 17, 2020
01/20
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csx. expediters international >> the freight and the rail data speaking of a economy in recession. it is so bad that freight and rail data. terrible >> the ism says the sector retracts i'll give you two reasons why i think it is recovering less obvious is the following. if you look within the internals of the ism, when production runs belovercut that speaks to the natural recuperative power that spread which i alluded to is negative has happened four other times in the last 40 years and two were doing the last recession. so i'm going to pick a bottom and say we're recovering that's one answer. the other is if you look at the different philadelphia fed surveys, which steve is very familiar with, all the six months forward activity components have bottomed and turned up. so to me when the manufacturing sector recovers in 2020, cap exgoes with it >> we don't disagree much. i think it's a matter of timing and degree i think what we have is oan a initial wave of weakness because i think there's still bad stuff to work through the economy. they only took effect in september on a big and
csx. expediters international >> the freight and the rail data speaking of a economy in recession. it is so bad that freight and rail data. terrible >> the ism says the sector retracts i'll give you two reasons why i think it is recovering less obvious is the following. if you look within the internals of the ism, when production runs belovercut that speaks to the natural recuperative power that spread which i alluded to is negative has happened four other times in the last 40 years...
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Jan 29, 2020
01/20
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hey, jim, i'll try and be real beef i'm 57, recently retired, got a decent pension i'm looking to add csx to a well-rounded, solid long-term growth portfolio. >> okay. i think it is very smart but it is not a growth stock what it is is a company age to figure out with revenue not doing well how much money you could make a precision railroad. look at for folk southern where the volumes were horrendous and the company cleaned up that is precision railroad and i think that means treating the customer the way the customer should be. investors want the truth people and when they get the truth, you got to recognize it for what it is on mad tonight, the big game just a few days away and i'm focusing on the companies that could score big for your portfolio as my countdown for kickoff. and penn national just picked off barstool i'm talking to the two heads of the company to find out what it means and striker helped people get on their feet is is the decline a red flag don't miss my exclusive and stay with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a
hey, jim, i'll try and be real beef i'm 57, recently retired, got a decent pension i'm looking to add csx to a well-rounded, solid long-term growth portfolio. >> okay. i think it is very smart but it is not a growth stock what it is is a company age to figure out with revenue not doing well how much money you could make a precision railroad. look at for folk southern where the volumes were horrendous and the company cleaned up that is precision railroad and i think that means treating the...
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Jan 10, 2020
01/20
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i bet they tell a fine story and one of the great bellwether reports csx. i don't know how they're business is doing. it is difficult to tell. the rails have taken off since the feds starts cutting interest rates and it is a amazing move as the companies aren't seeing a big uptick in business but had there is a big uptick in earnings because they've been making more money off of the train thanks to something called precision railroading and i think it will please wall street when it reports. friday, someone may not please with slb, known as slob. the all service titan. not nab oj but the problem is i don't know whether it is possible to get anything positive in this environment with with the crude up substantially. schlumberger gives you a 5% yield and don't worry about the side and next week could be make or break for the harkt becau-- e market, they're given too lofty. i've spent all week talking about complacency and i'm hoping this will reduce the quotient but there is still too much. bottom line, since we resolves the iran situation, my suggest is trad
i bet they tell a fine story and one of the great bellwether reports csx. i don't know how they're business is doing. it is difficult to tell. the rails have taken off since the feds starts cutting interest rates and it is a amazing move as the companies aren't seeing a big uptick in business but had there is a big uptick in earnings because they've been making more money off of the train thanks to something called precision railroading and i think it will please wall street when it reports....
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Jan 31, 2020
01/20
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most recently he was csx transportation vice president for state government and community affairs. that's our panel. i'm going to transform myself briefly into a panelist myself, and i want to give you all an update on an initiative we're excited about, our routes initiative. in keeping with our love of acronyms, this is the rural opportunities to use transportation for economic success. let me see if i can get our slide going here. so the routs initiative is part of the department's effort to address underserved rural areas. we have several different works we've under take thaen we think will be helpful. rural networks are, you know, incredibly important part of our transportation system. let's see. here we go. okay. so one thing that we've been trying to assess and gather the data that's going to tell us more about some of these areas that we believe have been underserved in it recent decades, and something that we've done is we have some talking points there. i really want to get to some of the data, some of the specific points that we've looked at that we think are incredibly i
most recently he was csx transportation vice president for state government and community affairs. that's our panel. i'm going to transform myself briefly into a panelist myself, and i want to give you all an update on an initiative we're excited about, our routes initiative. in keeping with our love of acronyms, this is the rural opportunities to use transportation for economic success. let me see if i can get our slide going here. so the routs initiative is part of the department's effort to...
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Jan 17, 2020
01/20
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BLOOMBERG
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rails after csx's weak reporting. coal tends to weigh on earnings going forward. i appreciate the conversation. michael zezas and david westin, always a pleasure. we have an inclusive interview with dwight scott, blackstone's senior managing director. you don't want to miss that. check out tv . watch us online. this is bloomberg. ♪ alix: if you want to find out what is going on, there is one person went to hear from. that is dwight scott. he joins bloomberg's erik schatzker for an inclusive interview. the overseas blackstone's credit business. erik: it is always great to have dwight scott here with us at bloomberg. dwight: how are you? erik: i am well. cofounders has's retired from blackstone as of january 1. what changes? dwight: retired is a strong word. erik: i could have put it in air quotes. dwight: he's the chairman and he will help us with our direct lending business. i would jokingly say the main thing that changed as he does not wear a suit anymore. he wears a sweater. we have been at it for six years, this transition. it is a very important transitio
rails after csx's weak reporting. coal tends to weigh on earnings going forward. i appreciate the conversation. michael zezas and david westin, always a pleasure. we have an inclusive interview with dwight scott, blackstone's senior managing director. you don't want to miss that. check out tv . watch us online. this is bloomberg. ♪ alix: if you want to find out what is going on, there is one person went to hear from. that is dwight scott. he joins bloomberg's erik schatzker for an inclusive...
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Jan 7, 2020
01/20
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we'll get to upgrades of paypal, timo, csx square, kellogg and more we're back in a moment our retirement voya gives us confidence. so we can spend a bit today, knowing we're prepared for tomorrow. wow, do you think you overdid it maybe? overdid what? well planned, well invested, well protected. voya. be confident to and through retirement. oh, your she's landed.ed. and she's on her way to our house. what. i thought she was coming next weekend. i got it. alexa. start the coffee. set the temperature to 72. start roomba. we got this... don't look. what? don't look. lets move. ♪ mom. the lexus es, eagerly prepared for the unexpected. lease the 2020 es 350 for $389 a month for 36 months. experience amazing at your lexus dealer. before we talk about tax-s-audrey's expecting... new? -twins! ♪ we'd be closer to the twins. change in plans. at fidelity, a change in plans is always part of the plan. >>> realistic goals in 2020, paying yourself first, delaying the gratification. the dollar you save today becomes $5, $10, $20 in the future automate your investment contributions. you don't have to thi
we'll get to upgrades of paypal, timo, csx square, kellogg and more we're back in a moment our retirement voya gives us confidence. so we can spend a bit today, knowing we're prepared for tomorrow. wow, do you think you overdid it maybe? overdid what? well planned, well invested, well protected. voya. be confident to and through retirement. oh, your she's landed.ed. and she's on her way to our house. what. i thought she was coming next weekend. i got it. alexa. start the coffee. set the...