Jim Cramer's 'Stop Trading!': De-Rail

"We get a lot of data for timber, coal, grain, fertilizer," said Jim Cramer on CNBC'S "Stop Trading!" segment on Wednesday. "This is what moves in trains. It's all bad! I think that people are starting to realize that the estimates are probably all too high for these stocks."

People say that transportation goes first, and then the market. Cramer agreed that he sees the market going lower but that "rails just seem to be part of the action." "I truly believe that rails have been among the great growth cyclical, and they've lost their growth, he said. "In the end, the yields are paltry, so there's no defense against the estimate cuts that are coming."

Cramer was bullish on NYSE Euronext(NYX Quote). "Trading volume is down, but you get a really nice yield," he said. He added that there has been talk recently about possible mergers.