Topic: How To Invest

The Successful Investor Hotline – Friday, October 14, 2022

Article Excerpt

CANADIAN NATIONAL RAILWAY CO., $148.60, Toronto symbol CNR, remains a buy. The company operates Canada’s largest railway. Its 32,200-kilometre network stretches across the country. It also travels down through the U.S. Midwest, connecting Canada to the Gulf of Mexico. CN has agreed to a new three-year deal with its 750 unionized signals and communications employees. In July, those workers went on strike for two weeks. However, 12,000 unionized rail workers in the U.S. have rejected a tentative contract. If those workers go on strike, it would hurt CN’s revenue and earnings as its U.S. and cross-border traffic supplies 47% of its revenue. It’s likely the U.S. government would move to end any walkout, as it would exasperate supply chains that are still struggling to handle rising freight volumes as the pandemic eases. CN Rail is still a buy. CN Rail recent coverage: Hotline for September 16, 2022 August 2022 Issue CGI INC., $103.92, Toronto symbol GIB.A, is your #1 Aggressive Buy for 2022. The stock lets investors…