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) 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. 

The one exception he made was for CSX Corp. (CSX), 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.

More from Opinion

Cable Stock Investors Should Keep an Eye On Wireless Broadband's Rise

Cable Stock Investors Should Keep an Eye On Wireless Broadband's Rise

Trump Blinks on China Trade War That's Looking Harder to Win

Trump Blinks on China Trade War That's Looking Harder to Win

Monday Madness: GE, China, and Micron

Monday Madness: GE, China, and Micron

Attention 60 Minutes: Google Isn't the Only Big-Tech Monopoly

Attention 60 Minutes: Google Isn't the Only Big-Tech Monopoly

How Technology Will Unleash the Legal Marijuana Industry's Growth Potential

How Technology Will Unleash the Legal Marijuana Industry's Growth Potential