Stock Movers Carnival Falls, CSX Corp Rises, DoorDash Gains on Kroger Relationship
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Sep 29, 2025 Carnival shares plunged despite raising its full-year earnings forecast amid concerns over fourth-quarter yields. In a shake-up, CSX Corp. saw its stock rise following the appointment of Steve Angel as CEO, as the company navigates pressures from activist investors. Meanwhile, DoorDash's stock gained traction after expanding its partnership with Kroger, which will integrate almost 2,700 stores onto its delivery platform. Insights into market dynamics and company strategies make for an engaging discussion.
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Carnival Beats But Guidance Detail Worried Market
- Carnival raised its full-year profit forecast and beat adjusted EPS expectations.
- Investors focused on weaker-than-expected Q4 net yields and punished the stock despite upbeat guidance.
CSX Leadership Overhaul Amid Competitive Pressure
- CSX named Steve Angel as CEO after Joe Hinrichs' abrupt departure.
- The leadership change comes as CSX faces activist pressure and competition from peers like Norfolk Southern and Union Pacific.
Stock Reaction Suggests Confidence In New Direction
- CSX's stock jumped for its biggest intraday gain since July after naming the new CEO.
- Bloomberg reported CSX exploring deal options with Goldman Sachs, signaling strategic moves beyond leadership change.