The stock market has certainly seen its share of ups and downs recently, which can leave investors feeling a little uncertain. After a major drop in the markets around the world this week, analysts now fear a bear market. In fact, it’s pretty much all but certain.
However, these times when the market dips can actually be good opportunities to invest in strong companies at prices that might be lower than they were before. One company that looks particularly interesting in this context is Canadian National Railway (TSX:CNR). So let’s look at why CNR stock could actually be the opportunity you’ve been waiting for.
Recent performance
CNR stock has been a fundamental part of the Canadian transportation industry for many decades. As of writing, the price of its stock is around $136. If you compare that to its highest price over the past year, you’ll notice that it has come down by about a whopping 24%. This kind of drop can be a…
