19 Stocks in Jim Cramer’s Game Plan For This Week

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17. CSX Corporation (NASDAQ:CSX)

Number of Hedge Fund Holders: 71

CSX Corporation (NASDAQ:CSX) is one of the stocks in Jim Cramer’s game plan for this week. Cramer mentioned the company as part of his game plan and said:

“After the close, we’re going to attempt to learn why CSX fired Joe Hinrichs. Not that long after that, he was named Railroader of the Year by Railway Age. I don’t know the details, but I’ll tell you something, it looks like Joe was railroaded.”

CSX Corporation (NASDAQ:CSX) provides rail-based freight transportation, intermodal container movement, and trucking services.The company handles commodities like chemicals, coal, agricultural goods, and industrial materials. As part of his pick for his fantasy stock portfolio, Cramer mentioned the stock during the September 5 episode and stated:

“Finally, let’s round out our team with a kicker. This time, I’m taking a trendy pick, the Jacksonville Jaguars kicker Cam Little… How about CSX, the railroad company? I’m not saying this because CSX is based in Jacksonville, but because the company’s widely considered to be in play. The merger-friendly Trump administration looks ready to approve transcontinental railroad deals.

Union Pacific, already trying to buy Norfolk Southern. And now many speculate that CSX could be doing the same thing with Canadian Pacific or Berkshire Hathaway’s Burlington Northern. Now, we know there’s an activist shareholder pushing for some kind of deal, which would be like a 70-yard field goal as far as I’m concerned, for CSX shareholders. To be sure, I like CSX because I think Joe Hinrichs is running a great railroad, alright? Anything take-over related, icing on the cake.”

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