After a strong start to the day, most stocks faded on Friday. With that in mind, let's look at a few stock trades for Monday. Top Stock Trades for Monday No. 1: Boeing (BA) Click to Enlarge Source: Chart courtesy of StockCharts.comBoeing (NYSE:BA) caught a spark on Friday, jumping more than 12%. This move seems small, even on the daily chart, given how much this stock has jumped around over the past few months.Either way, BA stock is well off its lows, up more than 60%. The stock reclaimed its 20-day moving average on Friday, after losing it on Thursday. Further, BA stock is breaking out over wedge resistance (blue line).InvestorPlace - Stock Market News, Stock Advice & Trading TipsIf the stock can hold up over this mark, $160 is on the table. Above $160 and a run to $185 may be in the cards. * 9 Asian Stocks to Buy for a Post-Coronavirus Recovery A break back below prior wedge resistance puts the 20-day moving average and wedge support in play. If that gives way, BA stock could see $120 again. Investors have quickly gotten used to the extra volatility in this one. Top Stock Trades for Monday No. 2: Moderna (MRNA) Click to Enlarge Source: Chart courtesy of StockCharts.comModerna (NASDAQ:MRNA) shares are surging on Friday, following the Gilead Sciences (NASDAQ:GILD) report about a potential treatment for the coronavirus.The news sent MRNA up more than 12% on the day, as shares rocketed through $36 resistance this week. If we get a bit more upside follow through next week, $50 is possible. However, for investors who missed this move already, buying at $46-and-change likely isn't the best risk/reward setup.I'd love to see a pullback to $36 that holds as support. If we get that, MRNA may very well be a buy provided support holds up.If it fails, look to see if $30 support and uptrend buoy Moderna. Below and the setup will be pretty weak for bulls. However, it may set up for a retest of the 50-week moving average. That's been solid support since being established in December 2019. Top Stock Trades for Monday No. 3: Schlumberger (SLB) Click to Enlarge Source: Chart courtesy of StockCharts.comLet's look at a couple of earnings plays, starting with Schlumberger (NYSE:SLB). Like Boeing, SLB has been a wild mover the past few months. It's why the stock's 6.5% rally hardly looks like a rally on the daily chart above.However, the levels are well defined. Starting with the upside, see if SLB can clear $16. If it can, it puts a move back up to $18 in play. I expect this level to act as stiff resistance, at least until there's some upside traction in oil prices. Over $18 and the March high of $19.23 is on the table. * 3 Stocks to Short in an Overbought Bull Market On a move lower, see if Schlumberger can hold support at $14. Below puts uptrend support (blue line) in play near $13, followed the lows near $12. If we get a retest of the latter, SLB may be worth playing for a quick bounce, particularly if it breaks the low and quickly reclaims it. Top Trades for Monday No. 4: Kansas City Southern (KSU) Click to Enlarge Source: Chart courtesy of StockCharts.comKansas City Southern (NYSE:KSU) began the day with a post-earnings pop. However, those gains faded throughout the session. The stock filled the gap up toward $145 and briefly reclaimed several key moving averages.Unfortunately for bulls, the stock faded from $145, while failing to hold the 50-day and 200-day moving averages along the way. So what now?On the downside, we have rising support (blue line), which is part of a rising wedge pattern. If support breaks, this pattern will confirm a bearish setup and put lower prices in play. That may put $125 to $130 on the table, and possibly lower.On the upside, investors really need to see KSU reclaim $145.90. Doing so will put it over its post-earnings high, as well as the major moving averages it failed to hold on Friday. That will put $150 and the 100-day moving average in play.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * America's 1 Stock Picker Reveals Next 1,000% Winner * 25 Stocks You Should Sell Immediately * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post 4 Top Stock Trades for Monday: BA, MRNA, SLB, KSU appeared first on InvestorPlace.
Strong performance of the Chemicals and Petroleum unit and a prudent cost-control exercise aid Kansas City Southern's (KSU) Q1 results.
Norfolk Southern makes the list Continue reading...
Kansas City Southern (KCS) (NYSE: KSU) Executive Vice President and Chief Operating Officer, Jeffrey Songer, will address the UBS Virtual Global Industrials & Transportation Conference on June 2, 2020 at 10:50 a.m. eastern time.
While it is gearing up to be a relatively quiet Friday, investors will closely monitoring coronavirus-related developments and key earnings announcements from Kansas City Southern and Schlumberger.
Kansas City Southern (NYSE: KSU) today announced the appointment of Manny Loureiro as vice president and chief engineer with responsibility for the engineering departments in the U.S. and Mexico. He reports to KCS executive vice president and chief operating officer Jeffrey M. Songer, and replaces vice president and chief engineer Vernon "Buck" Jones, who will retire this summer after a 42-year career with the company.
Q1 2020 Kansas City Southern Earnings Call
Kansas City Southern (NYSE: KSU) saw record revenue of $731.7 million in the first quarter of 2020, a 7% increase from the first quarter of 2019 amid revenue gains for its chemicals and petroleum segments as well as for its intermodal segment.The revenue increase helped Kansas City Southern's (KCS) first-quarter net profits jump to $152.3 million, a 47.6% increase from $103.2 million in the first quarter of 2019. Adjusted net income, which the company says is a "meaningful" reflection of KCS' performance because it takes into account changes in currency foreign exchange rates and other items, was $188.2 million, or $1.96/diluted earnings per share. For the first quarter of 2019, adjusted net income was $152 million, or $1.51/diluted earnings per share. First-quarter operating ratio was 60.5%, or 59.7% on an adjusted basis. First-quarter 2019's operating ratio was 66.2% on an adjusted basis. Source: KCSAn 18% increase in refined fuel products and liquefied petroleum gas shipments to Mexico helped boost KCS' first-quarter revenue, as did an 11% increase in intermodal revenues due to "strong" cross-border shipments, KCS said. Agricultural and minerals revenues rose by 9%, while industrial and consumer products revenues gained 6%.But energy revenues fell by 13% as declines in utility coal and frac sand shipments offset gains in crude oil shipments, while automotive revenues fell by 6%. Source: KCSView more earnings on KSUMeanwhile, first-quarter operating expenses were $442.9 million, compared with $514.5 million in the first quarter of 2019. The first quarter's expenses included restructuring charges related to precision scheduled railroading of $6 million. Gross velocity in the first quarter was 15.9 miles per hour, a 26% increase from last year, while terminal dwell, which is the time a train spends at a terminal, fell 9% to 19.8 hours. Source: KCSIn light of the economic uncertainty brought about by the global coronavirus pandemic, KCS is withdrawing its guidance for its revenues, volumes, operating ratio and earnings per share for the year. Capital expenditures for 2021 and 2022 will be at about 17% of annual revenue, or at around $450 million."KCS posted a record first quarter, driven by 8% revenue growth and judicious expense management," stated KCS President and Chief Executive Officer, Pat Ottensmeyer. "This outstanding performance resulted in a record adjusted operating ratio of 59.7%, which reflects the positive impact of PSR-related efficiencies and cost controls."He continued, "As pleased as we are with this exceptional performance, we have now turned our full attention to the rapidly changing operating and economic environment. The COVID-19 pandemic presents KCS and companies across the globe with unprecedented challenges and uncertainty. We are responding by prioritizing the safety of our employees and ensuring business continuity. At the same time, we are focusing intently on rightsizing our resources in the face of declining volumes, while remaining prepared for a return to volume growth.""KCS is well-prepared to handle this period of challenge and uncertainty. Our employees are dedicated, vigilant and focused. Moreover, our financial profile has never been stronger with ample liquidity and a favorable debt maturity schedule. I am confident that the actions we are taking to accelerate our already successful PSR implementation during this downturn will further strengthen the Company and leave us well-positioned to handle future volume growth," he said.Image: Flickr/Kurt Haubrich See more from Benzinga * US Weekly Rail Traffic Sinks Even Further Amid Headwinds * Rail Analysts Expect A Tough 6 Months * Coronavirus Takes Aim At North American Rail Traffic(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Kansas City Southern (KCS) (NYSE:KSU) reported record revenues of $731.7 million, an increase of 8% from first quarter 2019. Overall, carload volumes were up 4% compared to prior year.
Kansas City Southern (KCS) (NYSE:KSU) held its Annual Meeting of Stockholders on May 21, 2020 virtually via live audio webcast. With 90% of KCS’ outstanding common and preferred stock represented in person or by proxy at the Annual Meeting, the stockholders:
Kansas City Southern (KCS) (NYSE: KSU) Executive Vice President and Chief Financial Officer, Michael W. Upchurch, will address the Bank of America 2020 Transportation and Industrials Conference on May 12, 2020 at 10:40 a.m. eastern time and the Goldman Sachs Industrials and Materials Conference on May 13, 2019 at 8:50 a.m. eastern time. Both conference presentations will take place via webcast. Interested investors may access the webcast on KCS’ website at http://investors.kcsouthern.com. A link to the replay will be available following the event.
U.S. weekly rail traffic sank nearly 23% last week as COVID-19 pandemic woes put pressure on rail volumes for the second quarter.For the week ending April 18, U.S. rail volumes slipped 23.3% compared with the same period in 2019, to 403,283 carloads and intermodal units, according to the Association of American Railroads (AAR). Double-digit percentage declines for all carload types except chemicals and forest products contributed to a 27.5% decrease in overall U.S. weekly carload volume. Weekly carloads totaled 189,598; year-to-date carloads were down 9.5% to 3.6 million. Source: SONAR"Rail volumes suffered again last week as extremely difficult times for rail customers and the economy continued," said AAR Senior Vice President John T. Gray. "Like everyone else, railroads are looking forward to a return to normalcy and an end to the significant challenges associated with the pandemic. Until that happens, railroads will work hard to keep their employees and the communities they serve safe, will continue to deliver the goods needed to sustain and heal the nation and, when appropriate, support its economic restoration."U.S. intermodal traffic also slumped last week, falling 19.1% to 213,684 intermodal containers and trailers. Intermodal volumes could be under pressure over the next several weeks as firms are reporting that supply chain stakeholders should brace for a sharp decline in U.S. seaborne imports. Container-line schedules point to a drop in U.S. seaborne imports ahead, which could also translate into reduced trucking and rail volumes domestically, FreightWaves reported on April 21.According to Copenhagen-based Sea-Intelligence, 435 deep-sea sailings have been "blanked" (canceled) through this past Sunday (April 19) as service levels were reduced due to lowered demand, FreightWaves reported. This equates to a loss of 7 million twenty-foot equivalent units (TEU) of container capacity to Europe and the U.S.Further cancellations were announced after the Sea-Intelligence report was released, including sailings by the 2M Alliance (Maersk, MSC) and Hapag-Lloyd, according to the April 21 FreightWaves report.Those expectations for reduced import volumes are reflected in recent actions at some U.S. East Coast ports. The Port of Virginia said it would be closing its legacy import terminal, the Portsmouth Marine Terminal, in May, while the head of the Georgia Ports Authority said he expects lower port volumes this spring. A SONAR graph showing the decline of U.S. carloads (RTOTC.USA), U.S. Class I intermodal containers (RTOIC.CLASSI) and trailers (RTOIT.CLASSI) over the past year. Source: SONAR/AARLooking at overall North American volumes, weekly rail traffic was down by one-fifth compared with the same period in 2019. North American volumes totaled 569,573 carloads and intermodal units, with carloads down 23.5% to 277,795, and intermodal units down 16.5% to 291,778.Year-to-date North American rail volume for the first 16 weeks of 2020 slipped 8.4% to 10.2 million carloads and intermodal units."We just simply can't accurately predict or control what happens with volumes and revenues at this point during the COVID-19 crisis," said Kansas City Southern (NYSE: KSU) Chief Financial Officer Mike Upchurch last week during the company's first-quarter earnings call. A sizable portion of Kansas City Southern's (KCS) volumes includes cross-border traffic between the U.S. and Mexico.To hedge against the uncertainty, KCS has created a number of planning assumptions, including one that anticipates a 15% decline in second-quarter revenue, followed by declines of 5% and 10% for the third and fourth quarters of 2020, respectively. The percentage changes are compared to the same quarters of 2019.Another planning assumption is a 30% decline in second-quarter revenue, followed by third- and fourth-quarter revenue declines of 5% and 10%. The 30% decline approximates the worst quarter KCS experienced during the Great Recession in 2009.Photo credit: Flickr/GPA Photo ArchiveSee more from Benzinga * New York Terminal Scrambles To Block Maersk's Exit * Freight Futures Daily Curve: 4/22 * Cummins Testing Cylinder Skipping To Reduce NOx Emissions(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Railroads are a strong component of the Covid-19 market recovery, including North American rail giant Kansas City Southern. Shares of the Kansas City, Mo.-based railroad climbed to a new Relative Strength (RS) Rating level Thursday.
NEW YORK, NY / ACCESSWIRE / April 17, 2020 / Kansas City Southern (NYSE:KSU) will be discussing their earnings results in their 2020 First Quarter Earnings call to be held on April 17, 2020 at 8:45 AM ...
Kansas City Southern ("KCS") (NYSE: KSU) today announced the pricing of $550 million in aggregate principal amount of its 3.500% Senior Notes due 2050. The offering is expected to close on April 22, 2020. KCS intends to use the net proceeds for general corporate purposes, including repurchasing shares of its common stock.
Kansas City Southern (KSU) delivered earnings and revenue surprises of 15.29% and 2.41%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Shares of Kansas City Southern (NYSE:KSU) gained over 3% in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share increased 27.27% year over year to $1.96, which beat the estimate of $1.78.Revenue of $731,700,000 higher by 8.43% from the same period last year, which beat the estimate of $716,180,000.Guidance Kansas City Southern hasn't issued any earnings guidance for the time being.Revenue guidance hasn't been issued by the company for now.Details Of The Call Date: Apr 17, 2020View more earnings on KSUTime: 08:00 AM ETWebcast URL: https://78449.choruscall.com/dataconf/productusers/ksu/mediaframe/35992/indexr.htmlPrice Action Company's 52-week high was at $178.59Company's 52-week low was at $92.86Price action over last quarter: down 18.41%Company Profile Kansas City Southern, the smallest Class I railroad, derives about half of its $2.7 billion revenue on 3,100 miles of track in the Central and Southern United States. Remaining sales are produced by operating concessions on 3,200 miles of rail in Mexico and 47 miles of track adjacent to the Panama Canal. KCS' freight includes industrial and forest products (22% of total revenue), chemicals and petroleum (23%), agriculture and minerals (18%), intermodal (14%), energy (9%), and autos (9%); other revenue stems from switching, demurrage, and the like.See more from Benzinga * Recap: State Street Q1 Earnings * 10 Energy Stocks Gaining In Friday's Pre-Market Session * 15 Consumer Cyclical Stocks Moving In Friday's Pre-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Kansas City Southern (KSU) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Kansas City Southern (KSU) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.
Kansas City Southern (KCS) (NYSE: KSU) Executive Vice President and Chief Financial Officer, Michael W. Upchurch, will address the Wells Fargo 2020 Virtual Industrials Conference via webcast.