Jim Cramer on FedEx: "I'm Concerned"

FedEx Corporation (NYSE:FDX) is one of the one of the stocks Jim Cramer commented on, along with the recent Fed meeting. Expressing his concern about the company, Cramer said:

“I’m concerned, for example, about FedEx, which reports tomorrow. 25 basis point cut won’t change things in time for this great shipping company.”

FedEx Corporation (NYSE:FDX) offers transportation, e-commerce solutions, and business support services. Its services include express shipping, small-package deliveries, freight services, and other business-related services. Earlier in September, Cramer said:

“After the close, FedEx reports and the analysts have been lowering numbers and lowering numbers because of an expected decline in Chinese packages, now that they no longer have that tariff exemption.”

While we acknowledge the potential of BE 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.