The "Chart of the Day" is Canadian National Railway Company (CNI), which showed up on Thursday's Barchart "All-Time High" list. CNI on Thursday posted a new all-time high of $88.57 and closed up +1.32%. TrendSpotter has been long CNI since June 20 at $85.24. In recent news, JPMorgan Chase on July 2 said it expects the major U.S. railroad companies to report higher than expected Q2 EPS as their volume numbers remain steady while they are expected to benefit significantly from lower fuel prices. Canadian National Railway Company, with a market cap of $37.2 billion, operates the larger of Canada's two principal railroads and the only coast-to-coast railroad network in North America. The company's rail network serves major ports in Canada and includes strategic connections to the United States through the Chicago gateway, Detroit and other major cities.
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