Stop Trading!: Workin' on the Railroad
The coal story is alive and well, Cramer said on Friday’s Stop Trading!, but it might be a good time to take some profits before the stocks fall back to earth.
Fast Money’s Guy Adami joined Cramer to give his assessment of the coal and railroad industries, saying Peabody Energy remains his favorite coal play because of its superior management and exposure to mines in Asia.
On the railroads, Adami said he would consider Burlington Northern at $85 a “huge score.” He would also buy “downstream” railroad plays like Trinity Industries and Greenbrier .
Cramer said he had been disappointed by Trinity’s earnings but still thinks the stock should eventually run because it is a “quintessential late-cycle" play.
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