FedEx Corporation (FDX): Keep An Eye On Global Tensions, Warns Jim Cramer
FedEx Corporation (NYSE:FDX) is one of the .
FedEx Corporation (NYSE:FDX) is one of the biggest freight and logistics companies in the world. Its shares are dependent on global and American economic performance. Year-to-date, FedEx Corporation (NYSE:FDX)'s shares have lost 16.5% on the back of a devastating 19% drop in the aftermath of the Liberation Day tariffs. Cramer's previous comments about the company have discussed how its business-to-business operations are failing to perform. However, despite this, the CNBC host prefers FedEx Corporation (NYSE:FDX) over its rival UPS. Cramer also likes the firm's CEO. His latest remarks urged viewers to keep an eye on President Trump's anger towards Spain and how it could affect global logistics companies like FedEx Corporation (NYSE:FDX):
'I wanna keep an eye on that, because I know that a company like FedEx, I mean cross border's really, really huge.'
A driver unloading packages from a van for a time-critical delivery.
Here's what Cramer said after FedEx Corporation (NYSE:FDX)'s latest earnings results:
'Third loser, freight transportation. Truckers can't seem to make their numbers. The railroad stocks can't get any momentum. FedEx showed you how hard this business is when they reported last night. Their business-to-business service has been stuck in neutral, even as the business-to-consumer side is okay, but FedEx hasn't been able to make the Street's numbers.
I think we've got some opportunity here, though. FedEx has cut its capital expenditures and chopped its expenses. It's a coiled spring. I like coiled springs, but understand that it won't spring until we see how the tariffs shake out, because so much of the business involves import-export. Until then, spring stays coiled.'
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 best short-term AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
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