4 Stocks Dragging The Transportation Industry Downward

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One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 53 points (-0.3%) at 16,478 as of Wednesday, Jan. 8, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,242 issues advancing vs. 1,672 declining with 178 unchanged.

The Transportation industry currently sits down 0.2% versus the S&P 500, which is unchanged. A company within the industry that increased today was Delta Air Lines ( DAL), up 2.8%.

TheStreet would like to highlight 4 stocks pushing the industry lower today:

4. Canadian National Railway ( CNI) is one of the companies pushing the Transportation industry lower today. As of noon trading, Canadian National Railway is down $1.32 (-2.4%) to $53.98 on average volume. Thus far, 509,521 shares of Canadian National Railway exchanged hands as compared to its average daily volume of 772,000 shares. The stock has ranged in price between $53.74-$55.15 after having opened the day at $55.04 as compared to the previous trading day's close of $55.30.

Canadian National Railway Company, together with its subsidiaries, engages in rail and related transportation business in North America. Canadian National Railway has a market cap of $46.3 billion and is part of the services sector. The company has a P/E ratio of 18.9, above the S&P 500 P/E ratio of 17.7. Shares are down 3.0% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Canadian National Railway a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Canadian National Railway as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, growth in earnings per share, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Canadian National Railway Ratings Report now.

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