CSX, Advanced Micro Devices: S&P Gainers

NEW YORK ( TheStreet) - CSX ( CSX) and Advanced Micro Devices ( AMD) were among the best-performers in the S&P 500 on Thursday.

The S&P 500 rose 8.32 points, or 0.6%, to close at 1402.60, notching its first finish above 1400 since June 2008. The index is up 11.5% so far in 2012 on a price basis.

Shares of CSX increased 8.46% to $21.92 on heavier-than-normal volume. Reuters reported Thursday that the railroad operator's chief financial officer was bullish about first-quarter results despite a decline in coal consumption because of warm winter weather and low natural gas prices.

CSX's stock trades at an estimated price-to-earnings value for next year of 10.52X; the average for railroad companies is 13.97X. For comparison, Norfolk Southern ( NSC) has a forward P/E of 10.49X and Union Pacific's ( UNP) forward P/E is 12.18X.

Twenty-four of the 30 analysts who cover CSX rate it at buy. Five analysts give the stock a hold rating and one rates it at sell.

TheStreet Ratings gives CSX a B+ grade with a buy rating and $24.13 price target. The stock has risen 4.08% year to date.

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Shares of Advanced Micro Devices rose 6.3% to $8.25 after the chip maker upgraded to buy from hold by Jefferies on Wednesday.

"AMD offers one of the best risk/reward ratios in semis," Jefferies analysts wrote in a report. "On the risk-side, AMD is trading near its '08 EV/S, when its interest coverage broke 1.0 and net debt was ~$4 billion. On the reward side, AMD's APU delivers a unique MPU + high-end graphics product to the low end and mainstream mobile markets, driving share gains in both segments. We think share gains continue and improving manufacturing yields could translate to upside surprises."

The stock trades at a forward P/E of 9.94X; the average for semiconductor companies is 15.74X. For comparison, Xilinx ( XLNX) has a higher forward P/E of 18.35X.

Fourteen of the 33 analysts who cover Advanced Micro Devices rate it at buy. Thirteen analysts give the stock a hold rating and six rate it at sell.

TheStreet Ratings gives Advanced Micro Devices a C grade and a hold rating. The stock has risen 52.78% year to date.


Other top S&P performers on Thursday include:
  • Alpha Natural Resources (ANR): The stock rose 5.77% on Thursday to $16.68. The stock has fallen 18.36% year to date. TheStreet Ratings gives Alpha Natural Resources a C grade and a hold rating.
  • Norfolk Southern (NSC): The stock increased 5.51% on Thursday to $68.53. The stock has fallen 5.94% year to date. TheStreet Ratings gives Norfolk Southern an A- grade with a buy rating and $83.69 price target.
  • Peabody Energy (BTU): The stock rose 5.38% on Thursday to $31.71. The stock has fallen 4.23% year to date. TheStreet Ratings gives Peabody Energy a C+ grade and hold rating.
  • Best Buy (BBY): The stock increased 5.35% on Thursday to $25.20. The stock has risen 7.83% year to date. TheStreet Ratings gives Best Buy a C grade and hold rating.
  • Masco (MAS): The stock rose 5.19% on Thursday to $13.59. The stock has increased 29.68% year to date. TheStreet Ratings gives Masco a C- grade and hold rating.
  • Union Pacific (UNP): The stock increased 4.99% on Thursday to $113.08. The stock has risen 6.74% year to date. TheStreet Ratings gives Union Pacific an A+ grade with a buy rating and $126.21 price target.
  • Morgan Stanley (MS): The stock rose 4.89% on Thursday to $19.51. The stock has increased 28.95% year to date. TheStreet Ratings gives Morgan Stanley a C- grade and hold rating.

-- Written by Alexandra Zendrian in New York.

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