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Jim Cramer's Stop Trading: PCAR CSX

NEW YORK (TheStreet) -- On CNBC's "Cramer's Stop Trading" segment, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said shares of Paccar (PCAR - Get Report) should be higher. 

While he admitted that Cummins (CMI) is one of his favorite trucking stocks, and a holding in AAP, Paccar is "every bit" as enticing at current levels. 

Although many of its peers have started moving higher, Paccar has lagged the group. Cramer added that the company's fundamentals are very strong. For this reason, the stock should be trading at $70, he said. 

Regarding railroad stocks, he suggested that coal prices would need to continue moving higher in order for the rail stocks to do so as well. 

Must Read: Technology Stocks Dominate Discussion Mid-Day: StockTwits

The one exception he made was for CSX Corp. (CSX - Get Report), which is undervalued compared to its peers and could move to $30, he said. 

Cramer concluded that the trucking industry is "ready to roll," and the stocks can enjoy multi-month runs to the upside.

-- Written by Bret Kenwell in Petoskey, Mich.

At the time of publication, Cramer's Action Alerts PLUS had a position in CMI.

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CSX $26.26 -4.10%
PCAR $57.56 -1.90%
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