Blog

CSX CEO Joe Hinrichs discussed what a change in tariffs and manufacturing might mean for the railroad line in a Thursday interview with CNBC's Jim Cramer, explaining why he thinks his company is well-positioned."From our standpoint, actually, as long as it's coming to the U.S., we're going to move it somewhere," Hinrichs said. "If tariffs change the trade portfolio — as long as the economy's growing, we'll be a part of it."CSX operates primarily on the East Coast, providing rail and intermodal freight transport services. It is present in dozens of port cities and transports domestic and international goods.President-elect Donald Trump is expected to raise tariffs substantially when he takes office, which could change trade patterns, especially with China. Hinrichs said CSX's wide range of ...

CNBC's Jim Cramer on Thursday suggested the post-election market has been extreme, with big wins and big losses. He named sectors that have seen major gains recently, explaining the reasons they might have roared — but he warned that they need to cool off before investors should think about buying them."We have a lot of overly loved stocks in this market right now," he said. "But many of them deserve love, just not at these levels."Cramer pointed out the sharp rise of enterprise software stocks, saying that it seems these companies with in-demand products for big corporations can do no wrong. He named Salesforce, ServiceNow, Workday, Datadog and Atlassian. He also suggested that most of these companies will be relatively unscathed by any trade issues with China that may flare up under Pres...

Warren Buffett's Berkshire Hathaway built a new stake in Domino's Pizza last quarter, according to a regulatory filing Thursday. The Omaha-based conglomerate bought more than 1.2 million shares of the pizza chain for a stake worth about $550 million at the end of September. Given its small size in Berkshire's portfolio, Buffett's investing lieutenants Ted Weschler and Todd Combs could be behind the investment. Shares of Domino's popped more than 8% in extended-hours trading following the news. The world's largest pizza chain fell short of Wall Street estimates for third-quarter comparable sales growth in the U.S. as competition for cost-conscious customers continued to ramp up. Shares of Domino's have underperformed the broader market this year, up just 6%. The S & P 500 has gained nea...