CSX Puts Up Strong Numbers But Jim Cramer Says Rails Are a Bit Played Out
Jim Cramer weighs in on whether to buy CSX following its strong third-quarter earnings report.
CSX (CSX) - Get Report shares moved higher Thursday after the company reported better than expected results in its third quarter, but TheStreet's Jim Cramer thinks the rails are a little played out. Cramer says the railroad companies have been strong because of the cost cutting they've done, which has improved their operating leverage. He notes the big institutions have like the sector. But Cramer also says the one wild card is the new data from China, which shows weakness in trade.
