/biz/ - Business & Finance

>>19375535
Congrats anon! By the boo, people rarely jump on suggested stocks here unless there are several people talking about them day after day.

Oh sweet! Muh Canadian choo choo train stock CNR got some good news after close today. Apparently they moved a record volume of grain. I don't pretend to understand the fundies involved with rail freight but this certainly sounds good and the stock is also in very nice short term bullish trend.

>Western Canadian grain movements totaled 2.8 million metric tonnes (mt) of grain and processed grain products in October, beating a previous record of 2.7 million mt in April 2019.
>The record comes as cold and wet weather at the start of the 2019-2020 harvest season curtailed grain shipments for both Canadian National (CN) and Canadian Pacific (NYSE: CP). The adverse weather conditions "negatively affected the pace of grain deliveries, leaving rail capacity significantly under-utilized," CN said. Nonetheless, CN has moved over 6.7 million mt since the start of the Canadian harvest season Aug. 1.

https://finance.yahoo.com/news/canadian-national-sees-record-western-222236928.html?.tsrc=rss