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S&P 500 Stock Chugs Past Buy Point; CSX Rises Late On Earnings
Investor's Business Daily24d agobullish
S&P 500 Stock Chugs Past Buy Point; CSX Rises Late On Earnings

Wabtec was the No. 2 S&P 500 stock on Wednesday after the supplier of locomotives and railcars for freight and passenger service topped Q2 earnings estimates and raised its full-year outlook. Strong international performance, backlog growth and a wider profit margin — despite tariffs — powered Wabtec shares toward the top of a buy zone. Results: Wabtec posted adjusted earnings per share of $2.76, up 21.6% from a year ago and 16 cents ahead of estimates.