Transportation Stock Pops After Q2 Results

CSX Corp (NASDAQ:CSX) stock is up 4% at $34.31 at last glance, after the company's second-quarter results. The transportation name announced earnings of 49 cents per share, beating analyst estimates of 48 cents, while revenue of$3.70 billion came in line with estimates. The Royal Bank of Canada reaffirmed its "sector perform" rating after the event. CSX has traded choppily since mid-June, with a firm floor at the $32 level that caught multiple pullbacks. Today's bounce could've already been in the cards, p ...