While most infrastructure stocks rallied, Kansas City Southern declined more than 10 percent on Wednesday. The company's shipping business is heavily reliant on domestic trade with Mexico.
Wednesday's selloff of Kansas City Southern was "completely overdone," trader Guy Adami said, especially given the volume of trading. More than 13 million shares changed hands during the session, several times above its 30-day average of about 1.4 million shares.
Trader Tim Seymour said that trade legislation that would be negative for Mexico will not happen overnight under a Trump presidency. He said investors should keep an eye on the peso.
Trader Pete Najarian was not concerned that tech stocks did not participate in the rally in the broader market on Wednesday, as the three major indices all gained more than 1 percent. He said he is focused on the technicals and fundamental numbers such as the strong quarterly results released over the past few weeks.