Category

CSX Corp. (NYSE: CSX)

Buy, Sell or Hold

Buy, Sell or Hold: This is One Train You Don't Want to Miss

Railroads have long been considered the veins and arteries of the economy.

As the railroads go, so goes the business of America.

That's why rail statistics have long been one of the signs most closely watched by prognosticators and economists.

Of course, that's not as true as it used to be. In fact, most railroads have actually done quite well lately – even in the face of a down economy. It's counter-intuitive but it's true.

One of them is CSX Corp. (NYSE: CSX). It's my favorite U.S. railroad stock.

Because even with the external weight of a delinquent U.S. economy strapped to its caboose, shares of CSX Corp. continue break out to new 52-week highs.

The question for investors now is whether or not this train has already left the station.

Here's my take on where CSX is headed from here…