Jim Cramer Discusses 17 Stocks And Blasts Zero Day Options

12. FedEx Corporation (NYSE:FDX)

Number of Hedge Fund Holders In Q3 2024: 55

FedEx Corporation (NYSE:FDX) is a global logistics and shipping company that ships parcels and provides supply chain management and other associated services. Its stock, which is up by a modest 9.3% year-to-date has struggled because of the premium nature of its services. FedEx Corporation (NYSE:FDX) promises fast deliveries at a higher price tag, but price-conscious customers have preferred lower-priced but slower services. These struggles have led to multiple earnings misses at a time when FedEx Corporation (NYSE:FDX) is seeking to combine its Ground and Express delivery businesses. Cramer has faith in the firm’s CEO:

“That is wealth creation there. I was, really, praising Raj Subramaniam last night because, I don’t want to call the multiples same for less-than-truckload, which is what they’re spinning off, but this business which is the gem of the group, would get even higher multiple. And the multiples are inflated, he’s taking advantage of it.

“He’s creating, by the way, he has, there was an amazing chart this morning on Frank Holland’s show, which I love, which showed the difference between FedEx and UPS. FedEx is up 32% during the period that Raj had been there. And then get this. Uh UPS is down 31%.

“And this man, Raj, is so smart, I was with Fred Smith who founded the company, this weekend, and, is, you know I think a great man. You know he’s done so much, you know, Yale, uh war hero in Vietnam, Silver Star, then comes back, down to his last five thousand for FedEx which was a [inaudible] that he had at Yale. He gambles, goes back to $27,000, comes back and creates this amazing company. There is no distance between, Mr. Smith and what Raj is doing. And I’ve got to tell you, I think this is very exciting for shareholders since this man has come in. Uh, they’ve got great scale. The only countries that they’re not in are countries that they are not allowed to ship to, like North Korea. What a juggernaut. Really terrific. Great American story.”