Jim Cramer: Buy CSX Stock

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CSX  (CSX) - Get Report posted earnings of $0.99 a share, or $760 million. 

“I am extremely proud of how CSX’s team of railroaders continuously rose to the challenges this year presented,” said James Foote, CEO. “Throughout this difficult period, they have shown an unwavering commitment to our customers and remained focused on ensuring the delivery of critical goods to millions of Americans.”

"CSX is still in an uptrend and we do have a higher Point and Figure price target, but I do not get the sense that CSX buyers have been buying aggressively in advance of Thursday's earnings. I would look at CSX again for purchase if there was a "shake out" in the next couple of weeks," wrote Real Money's Bruce Kamich earlier this week. 

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