10 Stocks on Jim Cramer’s Radar These Days

5. FedEx Corp (NYSE:FDX)

Number of Hedge Funds Investors: 55

Jim Cramer in a latest program on CNBC said he prefers FedEx Corporation (NYSE:FDX) over UPS.

“I think that I question their strategy, and I certainly do not question the strategy of another stock that’s down a lot, which is FedEx. That’s the one I’d be buying. Raj Subramaniam is doing a remarkable job. FedEx stock’s up today. I think it’s the beginning of a big move. UPS challenge.”

Sound Shore Management stated the following regarding FedEx Corporation (NYSE:FDX) in its Q3 2024 investor letter:

“Meanwhile, detractors of note for the quarter were connected by a common theme: signs of a slowing economy. NXP Semiconductors, a leading chip maker for the auto industry, was lower on uncertain auto demand and package hauler FedEx Corporation (NYSE:FDX) lagged on muted volume trends. Importantly, both of these companies have ways to increase earnings outside of the business cycle, but are not entirely immune to the recent slowdown. Business cyclicality requires investor patience and a long-term perspective – we have both.”