Canadian National Railway Co.

Canadian National Railway, together with its wholly-owned subsidiaries, is engaged in the rail and related transportation business. Co.'s network of approximately 20,000 route miles of track spans Canada and mid-America, from the Atlantic and Pacific oceans to the Gulf of Mexico. Co.'s network and connections to all Class I railroads provide access to all three North American Free Trade Agreement nations. Co. handles and carries cargo, serving exporters, importers, retailers, farmers and manufacturers. Co. is engaged in the movement of a portfolio of goods, including petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal and automotive.
  • TickerCNR.
  • ISINCA1363751027
  • ExchangeToronto Stock Exchange
  • SectorIndustrial Transportation
  • CountryCanada
Dave Nicoski ...
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

S&P 500 at multi-month highs Both the cap- and equal-weighted S&P 500 are trading at highs not seen since early October 2018 - a positive indication in itself. Additionally, key risk-on areas we highlighted in last week's Compass (small-caps, Financials/Banks, and Transports) have outperformed off the recent lows - a welcomed sight for risk sentiment. Our overall positive outlook remains intact, and below we highlight several observations which lead us to this conclusion. • 3M/10Y and 1Y/10Y no longer inverted. For now the 3M/10Y and 1Y/10Y yield curve inversions appear to have been a one-we...

Dave Nicoski ...
  • Ross LaDuke

Int'l Insights: Bullish Stocks

Concerns over perceived central bank policy missteps have been somewhat alleviated following dovish takeaways from Fed Chair Powell's comments, proclaiming interest rates are “just below” the neutral rate, and reminding everyone that future rate hikes are not predetermined. While this is certainly an incrementally positive development, it does not completely remove the specter of future rate hikes from our list of concerns. Of course, trade remains an issue despite optimism surrounding the Trump/Xi meeting at the G20 summit this week. Therefore, our outlook remains cautious and we expect conso...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Shifting to large-cap overweight Supporting our bullish outlook, the S&P 500's steady uptrend remains intact despite China opting to give the Trump administration the silent treatment, calling off high-level trade talks. Additionally, the large-cap (S&P 500) vs. small-cap (S&P 600) ratio is breaking out to multi-month highs; shift to an overweight of large-caps... see chart below. • Sector Relative Strength Rankings (RSRs). Health Care remains atop our rankings from both a cap- and equal-weighted perspective - stay overweight and continue to focus on outperforming medical device/equipment st...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Remain overweight Tech-heavy Nasdaq; Large-cap Financials on the cusp of a breakout The S&P 500's pattern of notching higher lows and higher highs since early April has continued, with the index managing to stay above 2,800 resistance for the last five trading sessions. As long as this uptrend remains intact the new resistance level to monitor is 2,873, the all-time high set in January. • Nasdaq remains leadership; XLF on the cusp of a breakout. The tech and biotech-heavy Nasdaq continues to lead the market higher. Remain overweight. On the back of rising interest rates and a recently st...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Emerging Markets breakdown, avoid; MSCI ACWI falls below 200-day moving average; Be selective in Japan Global markets have deteriorated considerably since we published our June International Macro Vision last week. The MSCI EM index has decisively broken down below the 60,000 major support level we identified, which coincided with a breakdown in relative strength. We're cutting EM to underweight and recommend reducing exposure. Additionally, the MSCI ACWI ETF has broken below its 200-day MA, leading us to believe additional consolidation is likely. ACWI long-term breadth as measured by the pe...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Booster Shots: Attractive bottom-fishing stocks

For investors looking for bottom-fishing candidates; stocks that are breaking downtrends, exhibiting ascending reaction lows, and showing stabilizing relative strength.

Dave Nicoski ...
  • Ross LaDuke

Vermilion Booster Shots: Attractive bottom-fishing stocks

For investors looking for bottom-fishing candidates; stocks that are breaking downtrends, exhibiting ascending reaction lows, and showing stabilizing relative strength.

Feasibility Study Results in December to be a Catalyst for this Junior

Feasibility Study Results in December to be a Catalyst for this Junior