I Bought More Canadian National As 2024 Closes
Portfolio Pulse from
Canadian National Railway's stock has dropped 19% in New York due to currency risks and tariff concerns, presenting a long-term buying opportunity. Despite mixed Q3 results, the company remains attractive due to its efficiency and cash returns through buybacks and dividends.
December 30, 2024 | 10:30 am
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Canadian National Railway's stock has dropped 19% in New York due to currency risks and tariff concerns, but it remains a long-term buying opportunity. The company showed mixed Q3 results with a slight EPS beat and revenue growth, though intermodal and automotive sectors faced challenges.
The 19% stock drop is significant, driven by external factors like currency risks and tariffs. However, the company's efficiency and cash return strategies, such as buybacks and dividends, provide a strong long-term investment case. The mixed Q3 results, with an EPS beat, indicate resilience despite sector challenges.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100