Bullish Case: CNI continues to capitalize on its strategic role in the vital transportation and EV sectors. Possibility of exceeding lowered earnings expectations could drive positive stock movement, especially with the upcoming earnings report on April 23, 2024.


Bearish Case: CNI is under pressure from a projected earnings decline and subdued revenue performance. Combined with current flat price action and recent bearish sentiment among analysts, downside risks may prevail.


Potential Outcomes:

1. Earnings beat expectations, driving short-term gain (30%).

2. Earnings miss exacerbates bearish sentiment (40%).

3. Market uncertainty maintains flat trading pattern (30%).


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April 19, 2024


Canadian National Railway Forecast

CNI        Canadian National Railway
Price Forecast: NEUTRAL    Price Action: RANDOM (?)






Correlated Stock Forecasts

Assets that tend to move strongly with CNI



C Forecast + Options Trading Strategies   [C]  Citigroup (0.95)


VGK Forecast + Options Trading Strategies   [VGK]  Vanguard FTSE Europe (0.94)


EWC Forecast + Options Trading Strategies   [EWC]  BlackRock Institutional Trust Company N.A. - iShares MSCI Canada (0.94)


UHS Forecast + Options Trading Strategies   [UHS]  Universal Health Services (0.93)


CM Forecast + Options Trading Strategies   [CM]  Canadian Imperial Bank Of Commerce (0.93)



Uncorrelated Stock Forecasts

Assets with little price relationship to CNI



CFLT Forecast + Options Trading Strategies   [CFLT]  Confluent (-0.0)


SOFI Forecast + Options Trading Strategies   [SOFI]  SoFi (0.01)


AI Forecast + Options Trading Strategies   [AI]  C3.ai (-0.01)


AGCO Forecast + Options Trading Strategies   [AGCO]  AGCO (0.01)


CF Forecast + Options Trading Strategies   [CF]  CF Industries (-0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against CNI



SRTY Forecast + Options Trading Strategies   [SRTY]  ProShares UltraPro Short Russell2000 (-0.79)


DXD Forecast + Options Trading Strategies   [DXD]  ProShares UltraShort Dow30 (-0.79)


TZA Forecast + Options Trading Strategies   [TZA]  Direxion Daily Small Cap Bear 3X Shares (-0.8)


DRV Forecast + Options Trading Strategies   [DRV]  Direxion Daily Real Estate Bear 3X Shares (-0.86)


SRS Forecast + Options Trading Strategies   [SRS]  ProShares UltraShort Real Estate (-0.87)





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