CSX Corporation ($CSX) Stock Forecast: Down 2.1% Today

What is CSX Corporation?

CSX Corporation (CSX) is a leading transportation company in the United States, primarily focused on rail freight. The company operates through its principal operating company, CSX Transportation Inc. CSX had a bearish market movement today.

Why is CSX Corporation going down?

CSX stock is down 2.1% on Mar 14, 2024 14:41

• The company's involvement with the NGO, Tent Partnership for Refugees, which has ties to major multinational corporations, may have raised concerns among investors about potential labor issues, leading to a bearish market movement.
• Investor focus on dividend stocks in the S&P 500 may have diverted attention from CSX, causing a dip in the stock price as portfolios were adjusted towards other dividend-paying stocks.
• Negative sentiment regarding the company's connection with the immigration issue and its absence from the list of best dividend stocks in the S&P 500 may have contributed to the market's bearish movement today.

CSX Price Chart

CSX Technical Analysis

CSX News

Shadowy Network Of How NGO Supplies Mega-Corporations With Migrants To Exploit Cheap Labor

Shadowy Network Of How NGO Supplies Mega-Corporations With Migrants To Exploit Cheap Labor One week ago, we wrote a note describing how illegals are obtaining jobs through a federal government loophole enabled by the Biden administration as they await deportation proceedings. This caught the attention of Elon Musk, who said, "Wow, learn something new every day." Wow, learn something new every day https://t.co/8MDtEEZGam — Elon Musk (@elonmusk) March 10, 2024 Now, we''re revealing how corporate interests have become deeply interconnected with immigration through a non-governmental organization called Tent Partnership for Refugees . This NGO comprises more than 400 major multinational companies committed to hiring "refugees." Several NGO partnerships with mega corporations include RedRoof Inn, Royal Farms, Shopify, CSX, Delta Airlines, DoorDash, Etsy, and even Bloomberg. The NGO''s relationships run deeper than mega-corporations, in fact, all the way up to the Biden administration. In December of 2022, US Secretary of State Antony Blinken signed a memorandum of understanding with Tent Partnership to "expand economic opportunity for refugees" in the private sector.

https://www.zerohedge.com/markets/shadowy-network-how-ngo-supplies-mega-corporations-migrants-exploit-cheap-labor

The 7 Best Dividend Stocks to Buy in the S&P 500: March 2024

When it comes to the best dividend stocks in the S&P 500, Dividend Aristocrats may first come to mind. As you may know, Dividend Aristocrats are S&P 500 stocks with a 25-year or longer track record of annual dividend increases. While those stocks represent many of the best dividend stocks to buy and hold, many other non-aristocratic S&P 500 components are worth a closer look due to their merits as long-term dividend stocks. Weighing all factors (not just dividend yield), a few names stand out in terms of both the dependability and consistency of payouts, as well as their dividend growth track records. With all of this in mind, let’s take a look at these seven best dividend stocks in the S&P 500 to buy this month. Consider each aristocrat and non-aristocrat a worthwhile buy at current prices.

https://investorplace.com/2024/03/the-7-best-dividend-stocks-to-buy-in-the-sp500-march-2024/

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CSX Corporation Price History

20.09.2023 - CSX Stock was up 0.7%

• CSX had a strong bullish movement today, and here's why:
• CSX reported its Q3 2023 results, emphasizing cost discipline and welcoming a new COO. This positive news likely boosted investor confidence in the company's management and future prospects.
• Despite a drop in operating income, CSX's performance was in line with expectations, which may have reassured investors.
• Weak freight volumes were a concern, but CSX's profit miss on Wall Street estimates was likely offset by the positive factors mentioned above.
• Overall, the market reacted positively to CSX's earnings call and the company's efforts to maintain cost discipline, leading to the bullish movement in the stock.

22.04.2023 - CSX Stock was down 1.5%

• CSX was recognized as the top-performing railroad in North America by intermodal providers, but this positive news did not affect the stock's performance.
• CSX has outperformed the market over the past 10 years, but this did not prevent the bearish movement today.
• There were no significant news or events that could have caused the bearish movement, so it could be due to general market conditions or investor sentiment.
• It is possible that investors are taking profits after a period of gains, or there could be concerns about the company's future performance.

15.07.2023 - CSX Stock was down 0.7%

• The bearish movement in CSX stock today could be attributed to the upcoming address by the company's Chief Financial Officer at the Deutsche Bank Transportation Conference. Investors may have concerns or uncertainties about the content of the address, leading to a sell-off in the stock.

14.02.2024 - CSX Stock was down 2.1%

• The company's involvement with the NGO, Tent Partnership for Refugees, which has ties to major multinational corporations, may have raised concerns among investors about potential labor issues, leading to a bearish market movement.
• Investor focus on dividend stocks in the S&P 500 may have diverted attention from CSX, causing a dip in the stock price as portfolios were adjusted towards other dividend-paying stocks.
• Negative sentiment regarding the company's connection with the immigration issue and its absence from the list of best dividend stocks in the S&P 500 may have contributed to the market's bearish movement today.

31.06.2023 - CSX Stock was down 2.8%

• CSX had a strong bearish movement today.
• The announcement of the winners of the Chemical Safety Excellence Awards does not seem to have directly impacted the stock price.
• The $10 million donation to the University of Florida Graduate Center Project in Jacksonville also does not appear to be the cause of the bearish movement.
• The news about Goodyear Tire & Rubber Co. and the addition of CSX CEO Joseph Hinrichs to its board of directors might have had an indirect impact on CSX's stock price, but it is unlikely to be the sole cause of the bearish movement.