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FedEx Corporation (NYSE:FDX) is one of the stocks Jim Cramer commented on along with the recent macro rally. Cramer highlighted that he thinks the company will have a “good run,” as he said:
“I think FedEx is a coiled spring. We’ve yet to hear a single disappointing e-commerce story, save Target. Fantastic setup for FedEx, also for J.B. Hunt and ArcBest. I think they’ll have a good run.”
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FedEx Corporation (NYSE:FDX) provides transportation, shipping, and logistics services, including express and freight delivery, e-commerce solutions, and supply chain management. A caller sought Cramer’s advice on the stock during the November 14 episode, and he remarked:
“You want to buy this stock. I’m going to cut you short here because this is so easy… This is one of my favorite stocks. I wish we owned it for the Charitable Trust… The stock is going, I think, all the way back over $300. It’s having a good quarter. And I mean, can I just say that Raj Subramaniam turns out to be just one dynamite exec who I know is making Fred Smith proud. We miss Fred very much.”
While we acknowledge the potential of FDX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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