Jim Cramer’s Latest Lightning Round: 8 Stocks in Focus

6. CSX Corporation (NASDAQ:CSX)

Number of Hedge Fund Holders: 51

Cramer likes CSX Corporation (NASDAQ:CSX) and mentioned that stocks like it should be bought when it is low.

“Oh, I couldn’t believe that CSX fell this well. And by the way, I’m gonna give you a twofer, I think that Union Pacific is great right here too. These are all worried about tariffs. I’m not worried. These are really good companies. You have to buy them when they’re low.”

CSX (NASDAQ:CSX) provides rail-based freight transportation services through a network of terminals. When President-elect Donald Trump takes office, there is a possibility that there is an increase in tariffs, potentially altering trade patterns. In its annual 10-K regulatory filing, the company acknowledged that the anticipated increase in tariffs could potentially reduce import and export volumes.

Despite these concerns, CEO Joe Hinrichs has expressed confidence in the company’s ability to adapt. During an interview with Cramer in November, Hinrichs noted that regardless of changes to tariffs or trade dynamics, the company’s diverse operations position it to remain successful. He emphasized that as long as goods are entering the U.S., it will continue to play a vital role in transporting them to various destinations across its network.

Hinrichs also pointed to the potential benefits of increased domestic manufacturing, which could be influenced by the Trump administration’s tariff policies. He highlighted that many companies are considering large projects in the southeastern U.S., an area where CSX (NASDAQ:CSX) holds a dominant position. The company is currently involved in 500 industrial development projects and has identified over a thousand additional potential sites. As Hinrichs put it, if products are made in America, the company will ensure they are moved by rail.