Union Pacific Corporation (UNP) Might Struggle With The CSX Deal, Says Jim Cramer

We recently published 11 Stocks That Jim Cramer Recently Talked About. Union Pacific Corporation (NYSE:UNP) is one of the stocks Jim Cramer recently discussed.

Union Pacific Corporation (NYSE:UNP)’s shares are flat year-to-date as they have yet to recover from a 12% drop in April after President Trump announced his Liberation Day tariffs. Over the past month, the stock is flat due to a 3.5% jump since late July after a robust earnings report saw its profit-per-share of $3.03 beat analyst estimates of $2.91 per share. Cramer discussed Union Pacific Corporation (NYSE:UNP) in the context of a merger with CSX:

“Well look they have a direct corridor, CSX, direct corridor connects South East Mexico, Texas, US Southeast. That’s Union Pacific. Why would you let that happen? Why would you make it so that you have two railroads that have that area and not make it so that there’s one. And I think Joe Hinrichs, the CEO of CSX, might not want this deal. He’s young. He took over the railroad. He just got there.”

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Previously, Cramer discussed Union Pacific Corporation (NYSE:UNP)’s merger and stressed that it was a possibility:

“CSX is going to merge with Union Pacific, am I off the rails? I am in charge of the rails. It’s just the way, the people refuse to believe that this is a different government.”

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