Serge Berger, better known as The Steady Trader, is eyeing the transportation industry, in particular CSX Corporation. Transportation stocks on the Dow Jones are down 4% year-to-date, but CSX Corporation offers a potential bright spot. The company, which is one of the largest transportation companies in the US, recently posted Q1 earnings that beat analysts’ estimates. The stock rallied 15% after reporting higher quarterly net earnings and an increased quarterly dividend. Serge points out that transportation companies specializing in rail-based shipping companies, like CSX, are more attractive investment opportunities at the moment.

Serge is looking to buy the stock at $37.50 or higher. He is targeting a move above $39.50 with a stop placed at $36.50.

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