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Yahoo
4 hours ago
- Yahoo
Why CSX (CSX) Stock Is Up Today
What Happened? Shares of freight rail services provider CSX (NASDAQ:CSX) jumped 4% in the pre-market session after the company's stock rose amid reports of potential merger and acquisition activity heating up within the U.S. freight rail industry. The broader rail sector gained attention following analyst commentary suggesting that conditions were ripe for potential consolidation. Such speculation often excites investors with the prospect of increased efficiencies, expanded networks, and greater pricing power that can result from mergers. This move came as investors also anticipated CSX's second-quarter earnings report, which was scheduled for release after the market close on the following day, Wednesday, July 23, 2025. While the earnings results were not yet public, the combination of M&A chatter and the upcoming financial release placed a spotlight on the railroad operator's stock. After the initial pop the shares cooled down to $34.98, up 1.8% from previous close. Is now the time to buy CSX? Access our full analysis report here, it's free. What Is The Market Telling Us CSX's shares are not very volatile and have only had 5 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business. The previous big move we wrote about was 5 days ago when the stock gained 3.1% after a report revealed that rival railroad operator Union Pacific (NYSE: UNP) was exploring a potential acquisition. According to a report from Semafor, Union Pacific, the largest publicly traded railroad in the U.S., has engaged investment bankers from Morgan Stanley to assess a possible deal. While no specific target was named, the move has fueled speculation that Union Pacific could be looking to create a transcontinental network by acquiring an East Coast carrier like CSX or Norfolk Southern. This news sent shares of both potential targets higher, with investors anticipating a possible takeover premium. The potential for a merger comes as some analysts express confidence in CSX's future, with Benchmark recently raising its price target on the stock to $37, maintaining a "buy" rating. CSX is up 8.8% since the beginning of the year, and at $34.98 per share, it is trading close to its 52-week high of $36.88 from November 2024. Investors who bought $1,000 worth of CSX's shares 5 years ago would now be looking at an investment worth $1,432. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
USA Today
7 hours ago
- USA Today
Beef prices at all-time high: Why summer grilling costs a lot more this year
Supply constraints and high demand have driven up beef prices. Experts warn that it could take years to rein prices back in. This year's Labor Day barbecue won't be cheap. Supply constraints and high demand have driven up the cost of beef, with 100% ground beef prices in June surpassing $6 per pound for the first time since data collection started in the 1980s, according to the Labor Department. While costs may dip slightly once grilling season ends, experts say significant price relief could be years away. 'If we're thinking about seeing prices lower than we saw last year or going back to prices 5 or 6 years ago, that's not very likely,' said David Anderson, a professor and extension economist for livestock and food product marketing at Texas A&M. 'But I do think there is a chance for some relief from this (summer) spike in prices.' Why are beef prices higher? A variety of factors have crunched the nation's cattle supply over the years, including recent drought conditions that raised the cost of cattle feed and pushed ranchers to send more cows to slaughter. The national beef cow herd is at its lowest point since 1961, according to a January report from the United States Department of Agriculture. The USDA in May also halted live cattle imports from Mexico due to the spread of New World Screwworm, further limiting the U.S.'s supply and fueling price increases. The fly's parasitic larvae can cause "serious, often deadly" damage to animals, according to the USDA. Despite rising prices, there's still plenty of demand for beef. The USDA estimates consumption this year will be up slightly from 2024. The U.S. has increasingly turned to imports to meet that demand, especially for lean beef trimmings used in ground beef. Roughly 20% to 30% of ground beef is brought in from countries like Australia and Brazil, according to the Iowa Farm Bureau. Tariff threats from the Trump administration could drive up prices even further. Brazil, for instance, is facing a 50% tariff starting Aug. 1. Currently, Brazilian beef is subject to a 10% to 36.4% tariff, depending on the size of the import, according to Reuters. "It adds a lot of uncertainty to the market,' Anderson said of looming tariffs. When will beef prices drop? Lower demand tends to spur lower prices, which means shoppers may find some modest relief once the weather cools. 'Typically after midyear, beef prices tend to decline,' Anderson said, adding shoppers are more likely to swap steaks for cheaper roasts later in the year. 'Seasonally, I think there's a chance we see lower prices than where we have been in the last few weeks.' Still, Anderson said prices are unlikely to drop back to the $3 to $5 range shoppers paid in recent years. Part of that is because it will take time for ranchers to build up their herds. If a rancher decides to keep a calf born this spring, for instance, they will need to wait years before it's big enough to send to market, Anderson said. 'That takes us to 2029 for increasing beef production,' he said. 'It's just biology and time.' The timing also hinges on continued demand for beef, according to Michael Swanson, chief agricultural economist at the Wells Fargo Agri-Food Institute. Higher beef prices are giving ranchers money to build up their herds; if demand wanes and cattle prices drop, recovery could take longer. Already, cattle farmers and ranchers face "razor thin profit margins,' according to a May report from American Farm Bureau Federation economist Bernt Nelson. 'It's a very, very nervous supply chain right now because of the record amount of money they have on the table doing what they do,' Swanson said. U.S. food prices: How much more will you spend at the supermarket in 2025? How to save money on beef Swanson's advice for shoppers looking to save money? Be open to different cuts of meat. According to June figures from the Labor Department: 'Everybody likes to buy filet mignon, but there are plenty of cuts that you can get a better value for your money,' Swanson said. 'There are cuts that some people don't want that have delicious flavor if you're willing to cook them slow.'
Associated Press
11 hours ago
- Associated Press
Jacobs Reinforces Historic Water Operations and Maintenance Presence in Western US
Supports continued delivery of resilient infrastructure and reliable water and wastewater service DALLAS, July 22, 2025 /PRNewswire/ -- Jacobs (NYSE: J) has secured multiple contract wins and renewals for operations and maintenance (O&M) services, reinforcing its roots in the Northwest U.S. and growth in the wider water and wastewater utility O&M industry in the Western U.S. Jacobs was recently awarded new water and wastewater O&M contracts with Soquel Creek Water District, West Basin Water District and Lincoln-Sewer Management District 1 Wastewater Authority in California. Jacobs also renewed existing O&M contracts in Hood River, Oregon; Walla Walla, Washington; Twin Falls, Idaho; Cutter and Rio Rancho in New Mexico; and Red Bluff and Crescent City in California, which together span more than 144 years of collaboration. 'At Jacobs, we do not take for granted the importance of delivering an essential service like fresh drinking water, as well as protecting our sensitive environment through the collection and advanced treatment of wastewater,' said Executive Vice President Greg Fischer. 'Jacobs is uniquely positioned to provide O&M services that are directly supported by world-leading water engineering experience. This not only assures delivery of these crucial services but also extracts the maximum capacity from the utility's existing asset-base.' Forty-five years ago, Jacobs' O&M business originated in Oregon. Today, Jacobs is among the largest O&M solutions providers in the North American water market. Jacobs is responsible for a portfolio of more than 300 facilities, providing a range of services, including O&M of water and wastewater utilities, advanced water treatment facilities, public works, community development and facilities management. 'As utilities in the West are being challenged with climate change, tightening regulations and workforce shortages, we're utilizing our Digital OneWater suite of solutions like Intelligent O&M, Aqua DNA and Dragonfly to optimize operations, provide data-driven results for clients and enhance the lives of the communities we serve,' said Fischer. At Jacobs, we're challenging today to reinvent tomorrow – delivering outcomes and solutions for the world's most complex challenges. With approximately $12 billion in annual revenue and a team of almost 45,000, we provide end-to-end services in advanced manufacturing, cities & places, energy, environmental, life sciences, transportation and water. From advisory and consulting, feasibility, planning, design, program and lifecycle management, we're creating a more connected and sustainable world. See how at and connect with us on LinkedIn, Instagram, X and Facebook. Certain statements contained in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that do not directly relate to any historical or current fact. When used herein, words such as 'expects,' 'anticipates,' 'believes,' 'seeks,' 'estimates,' 'plans,' 'intends,' 'future,' 'will,' 'would,' 'could,' 'can,' 'may,' and similar words are intended to identify forward-looking statements. We base these forward-looking statements on management's current estimates and expectations, as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements including, but not limited to, uncertainties as to, the timing of the award of projects and funding and potential changes to the amounts provided for under the Infrastructure Investment and Jobs Act and other legislation and executive orders related to governmental spending, including any directive to federal agencies to reduce federal spending or the size of the federal workforce, and changes in U.S. or foreign tax laws, statutes, rules, regulations or ordinances, including the impact of, and changes to tariffs and retaliatory tariffs or trade policies, that may adversely impact our future financial positions or results of operations, as well as general economic conditions, including inflation and the actions taken by monetary authorities in response to inflation, changes in interest rates and foreign currency exchange rates, changes in capital markets, the possibility of a recession or economic downturn, and increased uncertainty and risks, including policy risks and potential civil unrest, relating to the outcome of elections across our key markets and elevated geopolitical tension and conflicts, among others. For a description of these and additional factors that may occur that could cause actual results to differ from our forward-looking statements, see our filings with the U.S. Securities and Exchange Commission. The company is not under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law. For press/media inquiries: [email protected] View original content to download multimedia: SOURCE Jacobs
