Norfolk Southernreported a better-than-expected quarter Wednesday and said pricing momentum for the transportation firm will continue through June, but Cramer disagreed.
All the items Norfolk moves – coal, agriculture equipment, fertilizer – most likely will not hold up next year, Cramer said during his regular Stop Trading! appearance today, so the rail company shouldn’t expect business to continue at its present pace.
Rails across the board will probably slow, Cramer said. He would only recommend the corporate bonds CSX recently issued rather than any common stock in the sector.