Jim Cramer on J.B. Hunt: "It Just Started, It's Going Higher"

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) is one of the stocks Jim Cramer discussed after the Fed rate cut. Cramer mentioned the company while highlighting the effect of rate cuts on transport stocks, as he remarked:

“I love the transports which are clearly breaking out here. I mentioned J.B. Hunt yesterday. It just started, it’s going higher. Transports tend to run at least five days after a Fed rate cut. Not too late here.”

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) provides freight, delivery, and logistics solutions across multiple transportation modes. The company operates extensive fleets of tractors and trailers. Cramer mentioned the stock during the December 10 episode and said:

“Hey, you know what? You can buy the transports. They thrive when rates go down. I think J.B. Hunt can be bought for the truckers. I never recommend them, but I think the long trucking recession’s over.”

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