Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTTodd Shriber, The Motley FoolSat, June 27, 2026 at 2:25 PM GMT+2 4 min readIf there's a problem with bull markets, it's that pullbacks can be hard to come by. Compounding that issue is that "weak" is a subjective term for many investors. For some market participants, a stock faltering 2% or 3% over just a few days is inviting. For others, that's not enough retrenchment.If the stocks in question are quality names already in strong uptrends, waiting on deep pullbacks may be a fool's errand. So with some stocks, getting in the game on modest pullbacks may be the best course of action. That gets me to a pair of industrial stocks I'm eyeing that have traded slightly lower in recent days.Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »These two industrial stocks pulled back slightly and it might be time to get involved. Image source: Getty Images.The blue chip stocks I'm talking about are Canadian National Railway (NYSE: CNI) and Johnson Controls (NYSE: JCI). These aren't the most popular industrial stocks on the market, but their modest pullbacks may be invitations to get involved.Relative to a 17.3% year-to-date gain, Canadian National's 1.5% decline for the week ending June 24 is modest and not a cause for alarm. Investors considering this railroad stock as a long-term position may be gambling if they wait for a deeper retreat or a correction to emerge because this is a fundamentally sturdy company.Broadly speaking, railroads are impressive cash-flow generators, and this Canadian operator lives up to that standard, having generated high-teens cash flow as a percentage of revenue over the past decade. Another point in favor of Canadian National is its enviable geography, a crucial consideration for investors evaluating railroad equities.The company controls a 19,500-mile network in North America that spans both coasts of its namesake country, running from the Canada/U.S. border down to the Gulf Coast. It also has a monopoly over Canada's port of Prince Rupert, which catalyzes intermodal growth.Adding to the buy thesis on Canadian National is an efficient operating model. Last year, revenue was pinched by $350 million due to U.S. trade tariffs, but the company still managed to grow earnings per share by 7%.There's more encouraging news. Spending is poised to decline by $500 million, and Canadian National is a dedicated buyer of its own shares, confirming management sees value in the stock today and the potential for long-term appreciation.Terms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info