Topic: How To Invest

The Successful Investor Hotline – Friday, September 27, 2019

Article Excerpt

CANADIAN PACIFIC RAILWAY LTD., $291.84, Toronto symbol CP, ships freight over a 22,000-kilometre rail network between Montreal and Vancouver, with links to hubs in the U.S. Midwest and Northeast. The stock fell 5% this week after the company announced that poor weather conditions in Western Canada—a dry spring followed by a wet summer—will cut grain shipments by about 11% in the current quarter. That will hurt CP’s third quarter results, as grain supplies about a third of its revenue. However, the federal Agriculture Department still expects Canada’s total grain harvest in the current crop year (ending July 31, 2020) will rise about 1% over 2019. OUR RECOMMENDATION: CP Rail is our #1 Conservative Buy for 2019. CP recent coverage: September 2019 issue Hotline for July 19, 2019 BLACKBERRY LTD., $6.97, Toronto symbol BB, fell over 25% this week after the company reported lower-than-expected quarterly results. It also cut its outlook for the full fiscal year. BlackBerry quit developing smartphones in 2016 to focus on its more-promising…