Union Pacific Corporation (UNP): I Like The Company, Says JIm Cramer

We recently published Jim Cramer Discusses These 10 Stocks & AI-Led Disinflation. Union Pacific Corporation (NYSE:UNP) is one of the stocks Jim Cramer recently discussed.

Union Pacific Corporation (NYSE:UNP) is one of the biggest railroad companies in America. Like its peers, the firm’s shares have also struggled on the stock market. However, until recently, Union Pacific Corporation (NYSE:UNP)’s shares were actually up 1.5% year-to-date, but recent events have turned the performance into a loss. These include reports that the firm might acquire either CSC or Norfolk Southern to consolidate the rail market. Investors are worried about whether financing the deals could affect the firm’s bottom line. Here is what Cramer said about Union Pacific Corporation (NYSE:UNP):

“Yeah I don’t want to give the impression that the rails aren’t great. . .I like Union Pacific too. I like Norfolk Southern because I think, I’m very bullish on industrial. And the industrials so you don’t need to fool around . . .So don’t sell a rail, don’t sell any of these capital equipment companies because I don’t think people realize legislation is about capital equipment.”

An intermodal container train winding through a rural landscape.

The CNBC TV host previously discussed Union Pacific Corporation (NYSE:UNP)’s business as he briefly commented:

“But Union Pacific’s a very energized company. Jim Vena, serious play. He’s done a great job.”

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