These safety-conscious stocks remain buys

Article Excerpt

CANADIAN PACIFIC KANSAS CITY, $115.78, is a buy. The company (Toronto symbol CP; shares outstanding: 932.7 million; Market cap: $106.1 billion; Rating: Above Average; Dividend yield: 0.7%) ships freight over a 32,190-kilometre rail network. That line runs mainly between Montreal and Vancouver, with links to hubs in the U.S. Midwest and Northeast. With the addition of U.S.-based railway Kansas City Southern, the new company also connects with important hubs and ports on the U.S. Gulf Coast and in Mexico. CPKC continues to improve its long-term prospects by forming new alliances. For example, a new deal with U.S. railways CSX Corp. (Nasdaq symbol CSX) and Genesee & Wyoming will give it better access to rail lines in Mississippi and Alabama. That will let CPKC offer faster service for shippers between Mexico, Texas and the U.S. Southeast, and help it compete with trucking firms. The company also formed an alliance with Americold Realty Trust, Inc. (New York symbol COLD), which operates 243 temperature-controlled warehouses in North America, Europe,…