Jim Cramer Recently Shed Light on These 9 Stocks

5. Norfolk Southern Corporation (NASDAQ:NSC)

Number of Hedge Fund Holders: 63

Making note of the bearish trends in transports, Cramer mentioned Norfolk Southern Corporation (NASDAQ:NSC) and stated:

“On the other hand, you got groups like the transports. They’re just getting clocked. At a conference call today, Norfolk Southern, one of the big East Coast railroads, traced out a soft picture.”

Norfolk Southern (NASDAQ:NSC) provides rail transportation, handling a diverse range of materials such as agricultural products, chemicals, metals, and automotive goods. Before the company posted its earnings result in October 2024, Cramer said:

“Now, we have so many winners reporting, but there’s one lagger that I figure could break out here, Norfolk Southern. It’s got a new CEO, Mark George, who I think will bring some financial discipline to this great railroad. Norfolk Southern could put up some excellent numbers. Previous CEO should get some credit for that, by the way.”