Published on 23 Sep 2024 on Insider Monkey · via Yahoo Finance
Is Canadian National Railway Company (CNI) the Best Low Beta Stock to Buy Now?
We recently compiled a list of the 10 Best Low Beta Stocks To Buy. In this article, we are going to take a look at where Canadian National Railway Company (NYSE:CNI) stands against the other low beta stocks.
After a rough few years, the market is coming together and is on a healthy trajectory. The recent Fed rate cuts triggered a lot of bullish sentiment toward the broader market. For example, on September 20, Business Insider reported that Brian Belski from BMO raised his S&P 500 price target for 2024 to 6,100 from 5,600, followed by the Fed's recent rate cut and strong seasonal market data.