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More Squawk From Jim Cramer: CSX Stock Movement - Crucial' for Industrials

2016-01-13 19:10:45| Railroads - Topix.net

Shares of the transportation company have already plunged from the $30s to roughly $23 as industrial companies face weak commodities prices and a strong dollar, TheStreet 's Jim Cramer said on CNBC 's Squawk on the Street this morning. Investors should look to CSX stock's movement for an indication of whether they can still buy a stock that expects a yearly earnings decline, given the daunting environment, Cramer noted.

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