13 Stocks Jim Cramer Recently Shed Light On

9. FedEx Corporation (NYSE:FDX)

Number of Hedge Fund Holders: 62

FedEx Corporation (NYSE:FDX) is one of the 13 stocks Jim Cramer recently shed light on. Cramer mentioned that there is an “opportunity” in the stock, but it is dependent on tariffs, and he remarked:

“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.”

FedEx (NYSE:FDX) provides a range of transportation, logistics, and business support services, including express and ground delivery, freight shipping, and supply chain solutions. Moreover, the company offers e-commerce, customs brokerage, and trade management tools for global commerce.