Jim Cramer on FedEx: "Stay Long, Comes Down, Buy More"

FedEx Corporation (NYSE:FDX) is one of the stocks that was on Jim Cramer’s radar. Cramer called it a “remarkable company” during the episode, as he said:

“Right now, I see two of these CEOs orchestrating turnarounds, happening right under our noses, under the leadership of Raj Subramaniam at FedEx and Elliott Hill at Nike, but only one of which is being recognized. FedEx, which was built by the late Fred Smith, is a remarkable company that’s become ubiquitous with one of the greatest competitive modes I’ve ever seen. Only United Parcel can rival… [it], and I think FedEx is a better company… Fred told me that I’d be dazzled by his successor, Raj. Well, of course, Fred was right about that, just like he was right about so many other things…

This latest quarter showed a FedEx that’s a better leader than I ever thought possible, with incredible numbers, albeit [an] unheralded move to the business-to-business space, pivoting some from its previous business to consumer orientation. Business-to-business is sticky. It is where the money is. FedEx pretty much owns the pharma delivery business now, the biggest segment of delivery in the country. They’ve also developed a data center business that could eventually be huge…

Best of all, this happened at a time when you might have expected FedEx to report a series of missed numbers thanks to the tariffs. Think about it. China had been big. Now, it’s diminished. Tariffs have roiled almost all cross-border trade. We have a slowdown in the US and need the Fed’s help. All these things would have probably derailed the old FedEx. Not so Raj’s. Yet, the stock barely reacted to last night’s quarter. It’s had a big run. My advice, stay long. Comes down, buy more.”

FedEx Corporation (NYSE:FDX) provides transportation, shipping, and logistics services, including express and freight delivery, e-commerce solutions, and supply chain management.

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Disclosure: None. This article is originally published at Insider Monkey.