Top Stock to Buy #1 – CSX Corp. (CSX)
CSX Corp. (NYSE:CSX) is the operator of the largest rail network in the easternUnited States. The stock is expected to be driven higher by an increase in foreign coal shipments and auto and international container shipments.
Profit margins are expected to rise in 2012 due to an increase in volume and productivity. And earnings are expected to increase from $1.35 in 2010 and $1.67 in 2011 to $1.85 in 2012. Credit Suisse sees steady growth ahead and has a target of $29 on the stock.
Technically the stock has been consolidating just under its 50-day moving average at $22. A break over $22 on high volume could catapult CSX to $27.