The Best Stocks for the Rest of Trump’s Term: CSX Corp. (CSX)
Railroad outfit CSX Corporation (NASDAQ:CSX) is another way to play a coal rebound, but even if the coal industry never fully recovers, it’s a way of stepping into the nation’s backbone of any economic recovery Trump may be able to spur.
Indeed, it’s already happening.
Year-to-date, CSX’s total shipping activity is up just a hair, and coal shipments — its biggest single revenue driver — are up 4.2%. It’s not earth-shattering, but in light of the fact that the entire industry is seeing more demand from the U.S. as well as Canada this year than it did at this point last year is encouraging.
The X-factor reason CSX has earned a spot on a short list of stocks to buy with Trump in the White House: While new CEO Hunter Harrison has a reputation for being a bit of a maverick, nobody can deny he gets good results.