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%).


Trading Oracle: Sign Up to access trading oracle trade ideas.


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



IEFA Forecast + Options Trading Strategies   IEFA  BTC iShares Core MSCI EAF (0.95)


C Forecast + Options Trading Strategies   C  Citigroup (0.95)


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


CL Forecast + Options Trading Strategies   CL  Colgate-Palmolive (0.94)


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



Uncorrelated Stock Forecasts

Assets with little price relationship to CNI



NEP Forecast + Options Trading Strategies   NEP  NextEra Energy (-0.0)


SAND Forecast + Options Trading Strategies   SAND  Sandstorm Gold (-0.0)


SOFI Forecast + Options Trading Strategies   SOFI  SoFi (0.0)


ZM Forecast + Options Trading Strategies   ZM  Zoom Video Communications (0.0)


CFLT Forecast + Options Trading Strategies   CFLT  Confluent (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against CNI



SRTY Forecast + Options Trading Strategies   SRTY  ProShares UltraPro Short Russell2000 (-0.82)


DXD Forecast + Options Trading Strategies   DXD  ProShares UltraShort Dow30 (-0.82)


RWM Forecast + Options Trading Strategies   RWM  ProShares Trust - ProShares Short Russell2000 (-0.83)


SRS Forecast + Options Trading Strategies   SRS  ProShares UltraShort Real Estate (-0.85)


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





Become a more profitable investor with AI optimized trading strategies






×

Chat with CNI


 Ask me any question!