Topic: How To Invest

The Successful Investor Hotline – Friday, August 23, 2024

Article Excerpt

CANADIAN PACIFIC KANSAS CITY LTD., $110.84, Toronto symbol CP, is still your #1 Conservative Buy for 2024. The company took its current form in April 2023 when it acquired U.S.-based railway Kansas City Southern (KCS). CP paid $31 billion U.S. in cash and shares for KCS. At that time, CP investors owned 72% of the merged company, with KCS shareholders holding the remaining 28%. The new CPKC 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 KCS, the new company also connects with important hubs and ports on the U.S. Gulf Coast and in Mexico. CANADIAN NATIONAL RAILWAY CO., $158.71, Toronto symbol CNR, also remains a buy for long-term gains. CN’s 30,250-kilometre network stretches across the country. It also travels down through the U.S. Midwest, connecting Canada to the Gulf of Mexico. On Thursday, CPKC and CN locked out the union representing their locomotive engineers, conductors,…