Jim Cramer Talked About These 17 Stocks After The Fed’s Rate Cut

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8. FedEx Corporation (NYSE:FDX)

Number of Hedge Fund Holders In Q3 2024: 55

FedEx Corporation (NYSE:FDX) is a shipping and logistics company that depends on robust economic growth, low fuel prices, and steady parcel rates for its stock price performance. As the firm has built its business around fast shipping, which typically carries a higher price tag, it has struggled in 2024 due to the consumer and business spending slowdown. The economic weakness has placed FedEx Corporation (NYSE:FDX) on the back foot and the firm now plans to spin off its less-than-truckload freight business to raise cash. Cramer is optimistic about FedEx Corporation (NYSE:FDX)’s CEO and believes that the firm’s competition with UPS is also key to its narrative:

“We have FedEx. I think Raj Subramaniam is doing a great job. Maybe we get some good numbers. Maybe we even get a little reorganization.

“I think all that really matters is their, I think their competitive position versus UPS and how they’re doing per package. Look I think Raj is, I think Raj is amazing.”

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