FedEx Corporation (FDX) Has A Warehouse With No People, Says Jim Cramer
FedEx Corporation (NYSE:FDX) is one of the largest courier and transportation companies in the world. Its shares have lost 17% year-to-date as weak earnings reports, coupled with trade and tariff uncertainties, have affected them. FedEx Corporation (NYSE:FDX) has also suffered due to the Trump administration's decision to revoke the de minimis exemptions, which meant that the volume of shipments sent to the US dropped significantly. In his previous remarks about FedEx Corporation (NYSE:FDX), Cramer has praised the firm's CEO. This time, he commented on the firm's warehouse operations:
'So I think that, there isn't anything in my mind that says that, you take warehouses being up, that employing people in warehousing and then you look at FedEx, which has got a gigantic warehouse in the Boston area with no people.'
Previously, the CNBC TV host was full of praise for FedEx Corporation (NYSE:FDX)'s CEO Raj Subramaniam:
'UPS, look, one of the things that I've got to hand, FedEx, Raj Subramaniam was in there. Man, he's giving you numbers. And Subramaniam's a hitter, okay. We have a lot of hitters today. Kelly Ortberg, hitter. Who's a misser?'
While we acknowledge the potential of FDX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the .
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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