Norfolk Southern Corporation (NSC) Has Benefited From Merger Chatter, Says Jim Cramer

We recently published 12 Stocks Jim Cramer Discussed As He Said “Pilots Are Too Expensive”. Norfolk Southern Corporation (NASDAQ:NSC) is one of the stocks Jim Cramer recently discussed.

Norfolk Southern Corporation (NASDAQ:NSC)’s shares have gained 21.7% year-to-date and have gained 11.5% in July. The shares have benefited recently from talks about mergers in the railroad industry, which could significantly increase the firm’s operating presence and allow it to control a larger market. Cramer made the following remarks. about Norfolk Southern Corporation (NASDAQ:NSC) in the context of a merger between CSX and Union Pacific, which could drive competition to keep prices low and remove one major drawback of a railroad consolidation:

“[On competition between UNP and Norfolk and Burlington with CSX to keep prices low] Well, look. Norfolk would be great. I know Norfolk’s up very, very big on this. Norfolk is the one with I think the caretaker CEO because the previous CEO, uh, had things that I don’t wanna talk about.”

Norfolk Southern Corporation (NSC) Has Benefited From Merger Chatter, Says Jim Cramer

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Recently, Cramer commented on Norfolk Southern Corporation (NASDAQ:NSC)’s share price performance:

“You know look at Norfolk Southern. The run in Norfolk Southern is just breathtaking. I just think that we are so the opposite of where we were. Everything changed. Everything changed. Liberation Day may turn out to be the bottom. We may look at Liberation Day and say you know that was when they realized, wow, are we ever on the wrong track. The market has spoken and we’re wrong.”

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Disclosure: None. This article is originally published at Insider Monkey.