Sponsored By:

Top 6 Stocks to Buy for November

This month's list includes some well-established industry leaders

      View All  

Top Stock to Buy #4 – Canadian National Railway (CNI)

Canadian National Railway (CNI), Canada’s largest railroad, links customers in Canada, the U.S. and Mexico. S&P recently raised its price target from $115 to $125 based on accelerating volume growth. Earnings estimates were increased, as well, and S&P now expects $6.20 in 2013 and $7 in 2014.

On Oct. 24, the company reported Q3 earnings of $1.82 per share versus a consensus estimate of $1.68. It also announced its plans to repurchase up to 15 million shares.

The stock broke from a quadruple-top on high volume in October. The breakout resulted in a spike to $111.95. The angle of advance is so sharp that the current price will be difficult to maintain, so a buy under at $107 is recommended with a price target of $125.

11 13 buy cni 300x198 Top 6 Stocks to Buy for November
Click to Enlarge

chart key 300x84 Top 6 Stocks to Buy for November


Article printed from InvestorPlace Media, http://investorplace.com/2013/10/top-stocks-buy-act-aapl-ba-cni-eght-vtr/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.