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The stock market is showing little signs of reversing course after a red-hot January 2024. Indeed, Aritzia (TSX:ATZ) and Canadian National Railway (TSX:CNR) — or CN Rail for short — are two intriguing Canadian stocks that are starting to pick up a bit of speed.
Even with the bearish calls for a near-term pullback, I continue to favour these two names, as they continue to recover from their respective dips from last year. Both companies have solid long-term growth prospects, a wide moat (it’s the brand power for Aritzia and the untouchable rail network for CN Rail), and valuation metrics that aren’t all too absurd right now.
So, as the market wobbles around in both directions as news, concerns, worries, and hopes to move the needle on stocks on both sides of the border, please consider watching the following plays. Though I’d not be afraid to buy a small starter position at current levels, I…
