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2 Railroad Stocks For Your November 2022 Watchlist

Could now a good time for investors’ to turn their attention to these railroad stocks?

railroad stocks

For the uninitiated, railroad stocks are a type of equity security that represents ownership in a railroad company. Also, railroad stocks are traded on major exchanges, and they can be bought and sold just like any other stock. Railroad stocks offer investors a number of advantages, including exposure to the transportation sector, the potential for dividend income, and the ability to participate in the growth of the Railroad company.

Also, Railroad stocks are a good choice for investors who are looking for a long-term investment. Railroad stocks are also a good choice for investors who are looking for an investment that is not as volatile. As a result, railroad stocks can be a good addition to any portfolio, but it is important to do your research before buying any stock. With this in mind, here are two railroad stocks to watch in the stock market today.

Railroad Stocks To Buy [Or Sell] Right Now

Trinity Industries (TRN Stock)

Starting off, Trinity Industries Inc. (TRN) is a diversified industrial company that manufactures a variety of products for the transportation, energy, and construction industries. Trinity products include barges, tank cars, wind towers, and highway guardrails. In addition to its manufacturing operations, Trinity Industries also provides engineering and construction services.

TRN Recent Stock News

At the end of last month, Trinity Industries reported its Q3 2022 financial results. In the report, TRN announced earnings of $0.34 per share and revenue for Q3 2022 of $496.6 million. Meanwhile, Wall Street’s consensus estimates for the 3rd quarter of 2022 were earnings of $0.31 per share and revenue of $682.3 million. In addition, the company reported that it delivered 3,935 railcars for the quarter. While TRN also returned $123 million of capital to stockholders so far in 2022.

Moreover, Trinity’s CEO and President, Jean Savage said, “Our third quarter results once again show progress and improvement in our business. We continue to believe we will perform well in the coming years given our robust backlog and the favorable re-pricing environment for lease rates.“

TRN Stock Chart

Looking at the last month of trading, shares of TRN have rallied 26.40%. Meanwhile, on Monday morning Trinity Industries’ stock is trading slightly lower by 0.37% at $29.49 a share.

Source: TD Ameritrade TOS

[Read More] 3 REIT Stocks To Watch In November 2022

CSX Corporation (CSX Stock)

Next, CSX Corporation (CSX) is a publicly traded Class I railroad holding company. For starters, the company provides rail, intermodal, and rail-to-truck transload services and solutions to customers through a wide range of markets. This includes sectors such as energy, industrial, construction, agricultural, and consumer products.

CSX Recent Stock News

Last month, CSX Corp announced its third-quarter 2022 financial results. Getting straight into it, the company posted a Q3 2022 EPS of $0.52 and revenue of $3.9 billion. With that, Wall Street’s consensus estimate for the quarter was earnings of $0.49 per share and revenue of $3.8 billion. Additionally, CSX reported an 18.3% increase in revenue versus the same period, in 2021.

In addition, Joe Hinrichs, president, and CEO said this about the quarter, “I am tremendously excited to work with all the railroaders who make this performance possible and to lead an organization that is fundamentally committed to operational excellence. CSX has great potential for profitable growth over the long-term, and my key objective is to help ensure that we realize this opportunity while building a robust organization that will help drive additional value for our customers, our employees, and our shareholders.”

CSX Stock Chart

Over the last month of trading, CSX stock has bounced 11.42%. While, on Monday morning, shares of CSX stock opened lower by 0.63% at $30.68 a share.

Source: TD Ameritrade TOS

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By Joe Samuel

Joe Samuel is a dedicated stock market researcher and financial contributor. His love for the stock market started at a young age learning from his grandfather. Joe earned a bachelor of science degree in corporate finance and business management. After finishing college, he went the route of an entrepreneur starting numerous businesses and eventually became a financial contributor to a number of outlets including Seeking Alpha, Invesitng.com, and actively contributes to FactSet. At StockMarket.com, Joe looks for emerging stories. One of his traits is identifying new trends before they become mainstream. Whether it’s a biopharmaceutical company debuting a novel treatment or the next technology start-up developing a new platform, Joe looks to be on the cutting edge of that trend.

After years of living in New York, he made the move to Miami, Florida where he’s become an active member of the finance community. Joe has worked with early-stage companies in marketing and consulting capacities, which has given him an opportunity to see what makes companies tick. His viewpoint is that while corporate news is vital to any investment, it’s what isn’t “right in front of you” that can make a good investment great. His approach to the markets is one that aims to deliver information that might not be well-known. But through deep research and diligence, Joe has written about and been able to uncover time-sensitive information when seconds matter in the stock market today.

Joe enjoys covering several stock market sectors. These include commodities, finance, biotechnology, and technology; specifically AI & machine learning. His no-nonsense approach to the market gives readers a cut and dry view of the news that matters most and topics beginning to emerge as new trends in the stock market. He was early to the table with calls on things like the last gold rush in 2019 and has been able to identify influential events and how they could impact certain industries.

During his free time, he enjoys spending time with his family and polishing up one new stock market trends. He’s also an avid car enthusiast with a passion for classic and muscle cars.

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