Wednesday brought some relief to Wall Street as major market benchmarks regained some of their recent losses. At 11:30 a.m. EDT the Nasdaq Composite (NASDAQINDEX: ^IXIC) had managed to gain more than half a percent on the day, clawing back some of its declines on Monday and Tuesday. The rise came despite considerable downward pressure on the Nasdaq from Netflix, whose earnings report late Tuesday sent its stock down sharply. Some of today's support for the Nasdaq came from outside the tech industry. Railroad company CSX (NASDAQ: CSX) reported encouraging results that sent its stock sharply higher. However, fitness equipment maker Peloton Interactive (NASDAQ: PTON) wasn't as fortunate, and some investors worry that the company might not be able to recover from recent safety concerns as quickly as initially hoped. CSX rides the rails Shares of CSX were up almost 4% on Wednesday morning. The railroad giant had some encouraging things to say about its first-quarter performance, even as the economy still has a long way to go before recovering fully. CSX's numbers held up reasonably well. Revenue for the quarter was down 1% year over year, with gains in intermodal shipments and fertilizer offset by steep drops in automotive, chemical, and metals shipments. Trends in efficiency metrics like train velocity and delays at major terminals weren't entirely favorable, but labor productivity rose significantly, and the long-term gains in operational efficiency remain impressive. Earnings per share fell 7% to $0.93. However, CSX noted that weather conditions in the first quarter were especially challenging. The railroad operator is still poised for considerable growth as it gets ready to handle higher volumes once the economy reopens fully. The railroad industry is going through transformative change right now, especially as major Canadian railroads fight over the possible acquisition of Kansas City Southern (NYSE: KSU) and its access to key routes in the U.S. and Mexico. CSX will have to respond accordingly, but it stands to benefit from a return to economic strength. Image source: Peloton. Does Peloton face an uphill climb? Meanwhile, Peloton Interactive's shares dropped another 4% on Wednesday morning, adding to losses from earlier in the week. The stock has fallen to nearly $100 per share, a level below which it hasn't closed since last September. The decline earlier this week came amid reports that government regulators might seek to have Peloton recall its treadmill due to safety concerns. The U.S. Consumer Product Safety Commission cited several dozen incidents in which children or household pets became trapped under the treadmill's rollers, including one in which a child died. Peloton CEO John Foley vehemently disagreed with the safety assessment, arguing that the treadmill is safe as long as users and household members follow warnings and safety instructions. However, some analysts argue that the downturn in the stock is a buying opportunity. Even after the report, analysts at Stifel stood behind their price target of $170 per share, arguing that Peloton will be able to appease regulators and improve safety. Many shareholders are more concerned that postvaccine reopening could send more people back to the gym and discourage further purchases of Peloton equipment. Those worries could keep a lid on the stock until investors can see actual results and watch for trends among consumers. 10 stocks we like better than CSXWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and CSX wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of February 24, 2021 Dan Caplinger has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Netflix and Peloton Interactive. The Motley Fool has a disclosure policy.Source