We recently published 9 Stocks Jim Cramer Talked About in a Show Where He Advised OpenAI to Slow Down. FedEx Corporation is one of the stocks Jim Cramer discussed on the show.
Logistics giant FedEx Corporation made news last week after its CFO, John Dietrich, commented at a Baird industrial conference that it expected to improve profitability in its fiscal second quarter. The CFO revealed that FedEx Corporation expected adjusted earnings per share to sit at $4.05, which was higher than $4.02 of analyst estimates. Dietrich’s comments sent the shares higher as they assuaged investor worries about a slow holiday season in a year marked by tariffs and inflation. Cramer commented on FedEx Corporation in the context of investing in retail stocks and cautioned about interest rates:
“Well, I, I’m still very wary of going too much retail until I see better but FedEx was good yesterday.
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“Look, the best thing I saw yesterday was Raj, was at FedEx, I thought that was great. Because FedEx is the economy. That made me feel better. . .but let’s just be careful, because we need, we need lower rates.”
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This article is originally published at Insider Monkey.
