Canadian National Suspends Feasibility Study and 4 Stocks Riding 52-Week Highs
Canadian National Railway Company (NYSE:CNI): Closing price $98.59
The company has suspended its feasibility study for the construction of its proposed rail line and terminal handling facility to serve the Quebec/Labrador iron ore range, because a joint evaluation of the project, along with the mining firms indicates that mine construction schedules and arrays of needs for each specific individual project would render it difficult to gain the critical volumes of iron ore necessary to support the construction of new rail and terminal infrastructure by CN. Another factor linked to the far-lower-than-projected iron ore volumes that are now anticipated to be shipped in the foreseeable future, is the decision by some area miners not to join the group of mining firms supporting the CN infrastructure project. Shares closed up 0.62 percent on the day at $98.59, and have been traded in a 52-week range of $74.50 to $98.46.
Calpine Corporation (NYSE:CPN): Closing price $19.78
Ken Robinson has been recruited by Calpine Corporation as vice president and chief risk officer, in which capacity he is responsible for maintaining oversight of the company’s risk management framework and ensuring that the risks are communicated and understood throughout the organization. Most recently, Robinson was employed by BP (NYSE:BP), and the last two positions as chief risk officer for BP North American Gas and Power, covering market, credit and operational risks. Shares closed down 0.95 percent on the day at $19.78, having been traded in a 52-week range of $15.14 to $20.07.
Cynosure (NASDAQ:CYNO): Closing price $28.13
Cynosure posts its fourth quarter earnings at 27 cents, with consensus of 23 cents. Shares closed up 4.11 percent on the day at $28.13, and have been traded in a 52-week range of $14.00 to $28.00.
3M Company (NYSE:MMM): Closing price $103.46
State Street has reported a 7.5 percent passive interest in 3M Company.Shares closed up 0.82 percent on the day at $103.46, having been traded in a 52-week range of $81.99 to $103.33.
Service Corporation (NYSE:SCI): Closing price $
Service Corp. has posted its fourth quarter adjusted earnings at 22 cents, against a consensus of 20 cents. Shares closed up 1.59 percent on the day at $15.31, and have been traded in a 52-week range of $10.58 to $15.14.