Jim Cramer Put These 16 Stocks Under a Microscope

9. FedEx Corporation (NYSE:FDX)

Number of Hedge Fund Holders: 66

In response to a caller’s question about FedEx Corporation (NYSE:FDX), Cramer commented:

“Yeah… I’m going to be careful in this because I was one of the few people that thought that quarter had something that I really like to see. The revenues went down, okay? Yet the earnings went up. The revenues didn’t, were missed, but the earnings went up. That means if they start getting more sales, that thing could explode higher. I actually am not against holding position in FDX.”

FedEx (NYSE:FDX) offers a variety of services, including transportation, e-commerce solutions, and business services, such as express shipping, small-package deliveries, freight, and other business support services. On March 21, Cramer remarked:

“This morning, investors were obsessing over the negative earnings updates that we got from the likes of Nike and FedEx… that the former was yet in another argument that the consumer’s rolling over while the guidance cut from the latter showed that well, commerce, in general, is slowing down.”