Jim Cramer Shed Light on These 8 Stocks Recently

2. FedEx Corporation (NYSE:FDX)

Number of Hedge Fund Holders: 55

Cramer commented that there is a possibility that FedEx Corporation (NYSE:FDX) might find itself in the middle of a trade war.

“Well, the problem with FedEx is if you’re gonna be involved in the trade war, FedEx is gonna be caught up in that trade war. And I like it a lot more than UPS and I think it’s incredibly well run. But I’m just telling you that… you don’t buy the transports in a trade war. You gotta wait for FedEx to come down a little. Now it is selling at 13 times earnings. If it gets 11, 12, you just have to pull the trigger.”

FedEx (NYSE:FDX) provides a range of services such as transportation, e-commerce solutions, and business services, which include express shipping, small-package deliveries, freight transport, and other business support offerings. Before the company reported its earnings result in December 2024, Cramer said:

“The transports have been picking up of late, which tells me maybe we gotta be a little more hopeful when the great FedEx reports. This company’s been working hard to take out costs and it’s still working aggressively to improve gross margins. I think we’ll hear good things… This is the period where people are most nervous about it because of the upcoming holiday.”

It is worth noting that since then, FedEx (NYSE:FDX) stock has gone down around 9%.