CP Stock Recent News

In this article, I address a reader's request to identify my top three high-conviction stock picks from my 2024 articles. I discuss the importance of selecting stocks with consistent dividend growth, healthy balance sheets, and secular growth, which is crucial in a market facing prolonged high inflation and interest rates. Ultimately, I emphasize my concentrated portfolio strategy, ensuring that even my top three picks align with my long-term investment outlook and provide robust returns despite market challenges.

I recently added two stocks (one new addition) to my dividend growth portfolio, bringing the total to 21 stocks in 12 different industries. The S&P 500 is currently trading at a high valuation, which makes finding undervalued stocks challenging. It's also supported by a small number of stocks, indicating a lack of breadth. I bought two transportation companies, with one of them being the leader in a highly fragmented industry with a lot of long-term growth potential.

Canadian Pacific KC's (CP) efforts to reward its shareholders are commendable. However, high operating expenses and low liquidity represent major headwinds.

CALGARY, AB , May 16, 2024 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) today published the following update on collective bargaining with the Teamsters Canada Rail Conference (TCRC): CPKC and the TCRC leadership will resume meeting on May 17, 2024 with the assistance of federal mediators in an effort to achieve new collective agreements for our Train and Engine (T&E) and Rail Traffic Controller (RCTC) employees. As we have said since these negotiations began, CPKC is firmly committed to the collective bargaining process and our objective remains to negotiate renewed agreements that are in the best interests of our employees, their families, our customers, the Canadian economy and North America's supply chains.

Canadian Pacific Kansas City Limited (NYSE:CP ) Q1 2024 Results Conference Call April 24, 2024 9:45 AM ET Company Participants Chris de Bruyn - VP, Capital Markets and Treasurer Keith Creel - President and CEO Mark Redd - EVP and COO John Brooks - EVP and CMO Nadeem Velani - EVP and CFO Conference Call Participants Jon Chappell - Evercore Brian Ossenbeck - JPMorgan Walter Spracklin - RBC Capital Markets Fadi Chamoun - BMO Capital Markets Ken Hoexter - Bank of America Steve Hansen - Raymond James Scott Group - Wolfe Research Tom Wadewitz - UBS Benoit Poirier - Desjardins Bank Securities Operator Good morning. My name is James, and I will be your conference operator today.

Although the revenue and EPS for Canadian Pacific Kansas City (CP) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Canadian Pacific Kansas City (CP) came out with quarterly earnings of $0.69 per share, missing the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.63 per share a year ago.

Canadian Pacific KC's (CP) Q1 bottom line is likely to have been hurt by high operating expenses and capital expenditures.

CALGARY, AB , April 19, 2024 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) said today it will release its first-quarter 2024 financial and operating results at 9 a.m. ET (7 a.m.

Beyond analysts' top -and-bottom-line estimates for Canadian Pacific Kansas City (CP), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2024.