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16 minutes ago
- Yahoo
FedEx Corporation (FDX) Has A Warehouse With No People, Says Jim Cramer
We recently published . FedEx Corporation (NYSE:FDX) is one of the stocks Jim Cramer recently discussed. 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.
Yahoo
a day ago
- Yahoo
Jim Cramer Says Don't Quit Market When It's Frothy: 'Is Widespread Irrationality a Reason To Sell Down in Perfectly Rational Stocks? Absolutely Not'
In the face of a frothy market, financial expert Jim Cramer encourages investors to stay the course, highlighting numerous positive stock narratives that counterbalance the market's irrationality. What Happened: Cramer made a case last week, asserting that the current market conditions are far removed from the dotcom bubble burst of the late 90s. He emphasized that despite the froth, today's market is more rational. Cramer drew attention to the irrationality in recent IPOs like Circle, Figma, and Bullish, which have witnessed significant gains since their launch. On CNBC, he also noted Oklo Inc., a firm with ambitions to construct a compact nuclear reactor powered by nuclear waste, whose stock has surged 247% year-to-date. 'Flying cars, supercharged crypto ETFs, secretive companies that consult in magical ways, all irrational. I could go on and on,' Cramer said. 'Is the widespread irrationality a reason to sell down your positions in perfectly rational stocks? Absolutely not.' Also Read: Jim Cramer Has Blunt Message for Fed Chair Powell After July Job Numbers Tanked On the other hand, Cramer pointed to Amazon Inc. (NASDAQ:AMZN) and Eli Lilly and Company (NYSE:LLY) as instances of rationality. Amazon's stock climbed by 3% after the introduction of same-day fresh food delivery in over 1,000 U.S. cities and towns. Eli Lilly's stock also experienced a boost when a team from the pharmaceutical company's management and board of directors purchased stock on the open market. 'Sure, there's froth, but there are also perfectly legitimate moves in the stocks of great companies. I am calling this the year of magical thinking, but the truth is you can't get the runs in the good ones without the runs in the bad ones,' Cramer added. Read Next Short Seller Slams Jim Cramer Over Palantir, Accuses Him Of Hyping 'High-Multiple, Hype-Driven Narrative' Image: Shutterstock/katz Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? (AMZN): Free Stock Analysis Report ELI LILLY (LLY): Free Stock Analysis Report This article Jim Cramer Says Don't Quit Market When It's Frothy: 'Is Widespread Irrationality a Reason To Sell Down in Perfectly Rational Stocks? Absolutely Not' originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Yahoo
2 days ago
- Yahoo
Chamath Palihapitiya Once Disclosed He Was A Warren Buffett Disciple, But Disagreed With The Investing Legend's 'Wrong, Outdated' Views On Bitcoin
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Venture capitalist Chamath Palihapitiya has long been a staunch advocate of Bitcoin (CRYPTO: BTC) and did not mince words when criticizing legendary investor Warren Buffett's scathing remarks about the asset. Palihapitya Defends Crypto Against Buffett's Criticism During a CNBC interview in 2020, Palihapitiya said that Buffett is "completely wrong and outdated" about Bitcoin and cryptocurrency. For background, Buffett said in an earlier interview that cryptocurrencies have no value and he will never wager his money on them. Palihapitiya then defined Bitcoin as the only 'uncorrelated hedge' in the world and urged putting 1% of one's portfolio to the apex cryptocurrency. Trending: The same firms that backed Uber, Venmo and eBay are investing in this pre-IPO company disrupting a $1.8T market — It's Okay To Have Biases, Says Palihapitiya This wasn't the first time Palihapitiya disagreed with Buffett on cryptocurrency. In a May 2018 interview with CNBC, he said, 'It's really unfair to not understand something and then disparage it,' in response to Buffett's remark that Bitcoin is "creating nothing." "I think we have to acknowledge that we all have biases," Palihapitiya added. Despite his criticism, he called Buffett an 'exceptional' person and claimed to be a 'disciple' of the renowned investor. On the date of the interview, Bitcoin closed at $9,325.18 apiece. As of this writing, it is exchanging hands at $121,809.56, marking a massive 1206.24% increase. Read Next: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.30/share. If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Photo Courtesy: Kathy Hutchins On Shutterstock This article Chamath Palihapitiya Once Disclosed He Was A Warren Buffett Disciple, But Disagreed With The Investing Legend's 'Wrong, Outdated' Views On Bitcoin originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
