TSE:CP

Canadian Pacific Rail (CP.TO)

121.20
-1.48 (1.21%)
as of Sep 30, 2026, 8:00:00 pm Market Open.
643 watching
0
BUY ON WEAKNESS
She owns CNR. Not averse to CP. Even if downturn, earnings should hold up better because they're oligopolies. With global trade, a necessary form of transportation. Kansas City Southern acquisition will be a positive. Valuations are higher than US peers. Wait for a pullback.
PAST TOP PICK
(A Top Pick Dec 02/22, Down 7%) Still very constructive. Industrials are seeing signs of improvement. Big moat. One of those names where you can put capital to work and sleep at night.
BUY
A fairly consistent outperformer of the TSX in down markets. Unlike US rails, which tend to fluctuate more with the industrials. You think demand softens, but finds ways to earn its way. Performing quite well and outperforming YTD. On the cusp of a transformational merger, which will unlock 800M of synergies. Strategic importance of extending network to Mexico can't be overstated. Likes medium and longer term.
Unspecified
It is modestly expensive right now in the face of a slowing economy. There are hopes for big grain shipments next year. Also there could be more rail shipment of oil if problems persist with pipelines.
PARTIAL SELL
Valuations are highly stretched heading into the headwinds of 2023. The USD has declined a lot recently, which benefits CP, but we haven't ended interest rate rate tightening yet. Be careful with CP now. Don't add, but trim your position.
TOP PICK
Very bullish chart on the state of CP Rail. Canadian bellwether on the state of the economy. Good time to buy shares.
BUY
Very good chart and is recommending to clients. Seeing the chart make new highs. One of the strongest sectors in Canada. Technical work is suggesting new highs.
WAIT
Buy now or wait? Historically, rails sell off during recessions, so he'd wait.
BUY ON WEAKNESS
Is a strong business, but waiting for shares to fall before investing. Commodity focused in terms of freight carried. Will be a good long term business, but shares need to fall. Expecting shares to fall more. Very low dividend yield.
BUY
If economic slowdown, why not reflected in stock price? Slowdown is being reflected, but not in the Canadian rails. CNR and CP are up YTD, whereas US rails are down mid-teens or worse. Canadian industrial sandbox doesn't have the breadth and diversity of the US. US investors are finding better ideas elsewhere in their own sandbox. CP is digesting its acquisition. Booking record profits, will probably slow in 2023. Typically performs better than market averages in bear markets.
HOLD
Holds CN Rail as well. CP is in the middle of a beneficial merger. Business is booming and EPS is growing so it is worth a premium.
BUY
Good model with excellent assets (not making railways anymore). Cheap form of shipping products. Strong business model with recent M&A.
BUY ON WEAKNESS
CP vs. CNR Not supposed to invest in transports on the precipice of a downturn. They've come down, but not that much. Wouldn't buy CNR based on valuation relative to growth rate. CP's acquisition is an amazing catalyst and how that will pay off. On price to growth, CP is compelling, but wait for selling pressure.
BUY
recession proof? The KSU purchase is under review. If it is approved, it will benefit CP. Rails are more defensive within transportation (you can't easily build rails). Also, rails have been able to pass price increases through. She owns CN and CP.
WAIT
Run extremely well. Quality. Valuation is sky-high, well above long-term averages.
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