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  • Railroad Stocks Slide, Is The Keystone Pipeline Coming? 1 comment
    Apr 10, 2014 11:56 AM | about stocks: CSX, KSU, UNP, TRP

    This morning, the leading railroad stocks are declining lower again. Over the past five years the railroad stocks have been leading most of the transportation stocks higher in the United States. Lately, these stocks have been stalling out and are looking somewhat weak on the charts. The leading railroad stocks transport a lot of freight, oil, coal, gas, and other energy products. Should the Keystone XL pipeline open up and start delivering oil, and gas throughout North America it could hurt the profit margin for many of the leading railroad companies.

    Some of the leading rail road stocks that are declining today include Kansas City Southern (NYSE:KSU), Norfolk Southern Corporation (NYSE:NSC), Union Pacific Corporation (NYSE:UNP), and CSX Corp (NYSE:CSX). At this time, the weakest railroad stock is Kansas City Southern (KSU). This stock is trading below the important daily 200-day moving average. Anytime a stock is trading below this key moving average it is a sign of weakness for the stock.

    Some stocks that could benefit from an approval of the Keystone XL pipeline include TransCanada Corp (NYSE:TRP), Suncor Energy Inc (NYSE:SU), and Phillips 66 (NYSE:PSX).

    Nicholas Santiago

    Stocks: CSX, KSU, UNP, TRP
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  • James Sands
    , contributor
    Comments (2752) | Send Message
    This is not necessarily direct correlation. UNP for instance is not as exposed to the Keystone XL risks as BNSF. UNP is already dealing with the new Gulf Coast pipeline which is operational today. Additionally, Kansas City Southern is awaiting the Senate's decision in Mexico regarding the potential early termination of their concession. UNP is a part of this as they own 25% of Ferromex. Kansas City's poorer performance is directly attributable to analysts cautious stance regarding lack of transparency for future earnings.


    Market is worried about QE easing and global instability and most all sectors are being impacted.
    10 Apr 2014, 01:27 PM Reply Like
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