Jim Cramer Will Be Closely Reading CSX's Quarterly Report on Tuesday

TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said he'll be looking closely at CSX's quarterly report on Tuesday for clues on how other industries are faring.
Author:
Publish date:

TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said he'll be looking closely at CSX's (CSX) quarterly report on Tuesday for clues on how other industries are faring and what stocks might be buying opportunities for AAP. Cramer said, 'they spend an awful lot of time talking about the different cargoes. Coal, wood, agriculture, auto and all of these I’m afraid are at peak or have already peaked and what I’m looking for, for AAP, are situations that haven’t peaked.' The North American railroad industry suffered some big setbacks in 2015. CSX shares were down roughly 27 percent. The big reason for the deterioration in the stock price was poor operating fundamentals which included a decline in coal volumes and a sharp drop in oil drilling activity. TheStreet's Real Money Pro contributor David Katz believes when all factors are taken together, the group could be poised for a stock price recovery in 2016.