Weakness In Rail Numbers Continues

Analysts at Citi Research recently took an in-depth look at rail stocks following a fresh set of volume numbers. With volumes coming in below Citi’s projections, analysts scaled back their Q2 expectations for rail stocks.

Lagging In 2015

Overall, rail stocks have lagged in 2015, dropping 11 percent on average this year. Lagging Q2 volumes are simply more of the same for rail stocks this year after Q1 volumes also came up short of expectations.

“While we believe we are getting close to the end of share price pressure, the setup through the second half of Q2 and into July earnings is choppy, which may keep value buyers on the sidelines near-term,” analysts explain in the report. However, they point to easier comps on the way starting in June.

Second Half Pickup?

Analysts note that carloads remain positive ex-coal and grain. While the weakness in coal will likely persist for a while, Citi believes that…

Read the rest of this article (and all my other articles) for free on Benzinga by clicking here

Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common SenseI don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!