CNBC's Morgan Brennan reports on data pointing to a slowdown in transportation.» Read More
If Warren Buffett liked Burlington Northern Santa Fe in the high $70s, he must love it in the low $60s. Buffett's Berkshire Hathaway reports in an SEC filing tonight that it bought almost 4.4 million shares in the freight railroad over the last three trading days at prices between $61.65 and $63.43.
Warren Buffett's Berkshire Hathaway has increased its stake in Burlington Northern Santa Fe to over 20 percent with another options-related stock buy.
Berkshire Hathaway's stake in Burlington Northern Santa Fe is up to 19.83 percent, after Warren Buffett's holding company bought 3.3 million additional shares on Monday and Tuesday.
Warren Buffett's Berkshire Hathaway has added 825,000 more shares to its Burlington Northern Santa Fe stake, bringing its total holdings to 64,610,418 shares. Those shares were bought two days ago, and are already worth $5 million more than the purchase price. But the longer-term picture isn't as positive.
Consumer cyclicals such as retailers are becoming attractive, said Bob Stovall, Wood Asset Management managing director and global strategist.
Dow Transportation component CSX, often considered an economic weather vane, reported third quarter earnings of $0.94 a share for continuing operations, a 40 percent increase over last year.
CNBC’s Matt Nesto said investors might want to look into placing their money in the railroad sector.
The second largest railroad in the United States, Burlington Northern Santa Fe, reported lower net income, citing a $175 million charge related to environmental issues in Montana, a soft economy, high fuel costs and floods in the U.S. Midwest.
No. 1 U.S. railroad Union Pacific on Thursday reported a better-than-expected profit as strong pricing offset rising fuel costs, flooding in the U.S. Midwest and lower freight volumes.
CSX, the U.S. railroad, reported higher second-quarter net profit that met expectation on Tuesday, as strong pricing offset a 3 percent decline in freight volumes.
Sometimes the best ideas are the least "investible." Also, Cramer's take on CSX, Tidewater and more.
With thousands of displaced people and the floods working their way from Iowa down to Mississippi, the worst flooding in the U.S. Midwest in 15 years is adding pressure to the recent rise in prices for food and corn-based ethanol. Here are some of the other businesses in the region, affected by the deluge.
The flooding in Iowa has spread its economic stress to more than just rising corn prices. Many Iowa-based companies are also feeling the strain, causing production to stop and stocks to move.
A federal judge ruled on Wednesday that two investment firms waging a proxy battle at railroad CSX violated securities law in acquiring large stakes in the rail company, but allowed them to continue their fight at the annual shareholder meeting.
ISS recommends a vote against dissident slate and looks ahead to CSX' shareholder meeting.
Warren Buffett told reporters in Italy today that the high price of oil doesn't really affect his investment decisions. In response to a question from CNBC Europe's Anna Martin, Buffett said that while oil does affect his operating businesses, it has a similar effect on his competitors. "There's a real impact on society, but not much on our investment decisions."
No one ever got hurt taking some profits, Cramer says. Here's what he'd be selling in this sell-off.
Despite the ongoing rise in crude oil prices and the overall concerns of a weaker economy, the Dow Jones Transportation Average hit new all-time highs today. It passed its previous intraday high of 5,487.05 that it had set last July. If it closes over 5,446.49 today, it will set a new all-time closing high.
Warren Buffett's 18 percent stake in Burlington Northern Santa Fe is worth even more today (Tuesday), after the railroad reported a 30 percent increase in first quarter earnings, beating Wall Street's expectations.
Terrible consumer sentiment, more record oil and Microsoft's weak earnings weren't enough to keep Friday's market down. But what's in store for next week?