8 Stocks in Focus Under Jim Cramer’s Game Plan

4. FedEx Corporation (NYSE:FDX)

Number of Hedge Fund Holders: 66

FedEx Corporation (NYSE:FDX) is set to report on March 20 and Cramer said:

“After the close, the big guns come on out. First, we get results from FedEx. The transports hit a new low yesterday and people are really fleeing this group. This may be our opportunity to buy a high-quality transport at a big discount as FedEx continues to cut costs. I like that. I want to start a position here as I think CEO Raj Subramaniam is doing a remarkable job. Fantastic.”

FedEx (NYSE:FDX) offers a variety of services, including transportation, e-commerce solutions, and business services, such as express shipping, small-package deliveries, freight transportation, and other business support services. 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.”