FedEx (FDX) CEO is Doing A Terrific Job, Says Jim Cramer

We recently published 15 Stocks on Jim Cramer’s Radar.  FedEx Corporation (NYSE:FDX) is one of the stocks on Jim Cramer’s radar.

Logistics giant FedEx Corporation (NYSE:FDX) is one of Jim Cramer’s favorite stocks. Over the past couple of months, he has repeatedly cited faith in the firm’s CEO, Raj Subramaniam, despite the weak share price performance. Over the year, FedEx Corporation (NYSE:FDX)’s shares are up by 10%. January has been a busy month for the firm as far as analysts are concerned. For instance, Raymond James kept an Outperform rating and a $305 share price target after FedEx Corporation (NYSE:FDX) provided an update for the separation of its freight business. Bank of America had bumped the share price target to $365 from $315 and upgraded the rating to Buy from Neutral. Cramer discussed the freight business spinoff after FedEx Corporation (NYSE:FDX) filed a Form 10 registration statement with the SEC:

FedEx (FDX) CEO is Playing Offense, Says Jim Cramer

pio3 / Shutterstock.com

“And this is exciting because we were waiting for this. . .Raj Subramaniam has been about as good as you could be. He knew there was going to be a freight recession, he knew we were coming out of it. I do like the spinoff. I think it would be good. But I think the FedEx actual is fantastic. And I salute Raj for really figuring out the best way to follow up on the late Fred Smith and the amazing work that Fred Smith did when he created this company. And Raj would agree. This is an amazing company. Fred built it, Raj is doing a terrific job succeeding it.”

While we acknowledge the risk and potential of FDX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FDX and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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.