We recently published 14 Stocks Jim Cramer Discussed As He Went “All In” On Quantum Computing. Norfolk Southern Corporation is one of the stocks Jim Cramer recently discussed.
Norfolk Southern Corporation’s shares have gained 20% year-to-date and are up by 8.5% since mid-July due to chatter of mergers in the railroad industry. During this episode, Cramer’s co-host David Faber discussed reports of Norfolk Southern and Union Pacific merging. Faber outlined that issues in the railroad industry, such as streamlining traffic flows through the Chicago interchange and the handoff of significant volumes in Chicago yards, were driving incentives for railroads to merge. For the deal to proceed, here’s what Cramer believes:
“[On talks of a merger] 5 year pledge to not raise prices, deal gets done.”
Cramer discussed how Norfolk Southern Corporation might be ripe for a deal:
“I think that Norfolk Southern could be vulnerable.”
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This article is originally published at Insider Monkey.
