Jim Cramer’s 10 Best Stocks to Buy After Fed Rate Cut

8. Expeditors International of Washington (NASDAQ:EXPD)

Number of Hedge Fund Investors: 39

Jim Cramer suggests that Expeditors International of Washington (NASDAQ:EXPD), a logistics company, maybe a more affordable alternative to FedEx Corporation (NYSE:FDX). He expects its stock price to benefit from the recent decline in FedEx Corporation (NYSE:FDX)’s value, which was caused by disappointing earnings and a lowered forecast for the fiscal year.

“Expeditors International of Washington. Now, this is a pure logistics play, but in my opinion, it’s a poor man’s FedEx, and it will trade off because FedEx tonight is tumbling in after-hours trading after reporting a bad miss and cutting its fiscal year forecast. Bummer.”

Expeditors International of Washington (NASDAQ:EXPD) is backed by impressive financial performance. In Q2 2024, Expeditors International of Washington (NASDAQ:EXPD) reported around $2.4 billion in revenue, showing significant year-over-year growth and a strong operating margin that reflects effective cost management.

Expeditors International of Washington (NASDAQ:EXPD) diverse services, including air and ocean freight, customs brokerage, and warehousing, allow it to cater to various customer needs and adapt to changing market conditions. As global supply chains recover after the pandemic, Expeditors International of Washington (NASDAQ:EXPD) is well-positioned to benefit from rising shipping volumes, especially in e-commerce and healthcare.

Expeditors International of Washington (NASDAQ:EXPD) is also investing in technology to improve operational efficiency and customer experience, focusing on innovations that streamline logistics processes. With solid relationships with carriers and customers, Expeditors International of Washington (NASDAQ:EXPD) can secure favorable rates and contracts, supporting its profitability.