Jim Cramer’s Latest Lightning Round: 12 Stocks to Watch

7. GXO Logistics, Inc. (NYSE:GXO)

Number of Hedge Fund Holders: 29

When asked about GXO Logistics, Inc. (NYSE:GXO) during the lightning round, Cramer said to hold on to it.

“Just hold on. Its stock’s had a parabolic move… But I think that this is a very valuable company and even if it doesn’t get a bid, I think you’ll probably only lose about like 10-15%. So why don’t you hold on to see what you get.”

GXO Logistics (NYSE:GXO) delivers a range of logistics services on a global scale. The company’s offerings include warehousing and distribution, order fulfillment, e-commerce solutions, reverse logistics, and various other supply chain services. In the second quarter, the company achieved a revenue increase of 19% year-over-year, reaching a record $2.8 billion. The company secured new business amounting to approximately $270 million in annualized revenue during this period, while also noting that contract lengths have been extended as customers seek reliable partners for outsourcing.

Additionally, the completion of the Wincanton acquisition is expected to yield significant synergies, with the board projecting annual net run-rate benefits of £45 million (pre-tax) by the end of the third year of integration, primarily through procurement efficiencies and operational overlaps.

On October 10, Reuters reported that GXO Logistics (NYSE:GXO) is considering a potential sale following interest from various buyers. It was reported that the company is collaborating with a financial advisor to evaluate acquisition proposals, which reportedly include interest from competing logistics firms. However, as discussions remain confidential, no final decision regarding a sale has been made, and it remains uncertain whether these talks will culminate in a transaction.