We recently published 16 Latest Stocks on Jim Cramer’s Radar. FedEx Corporation is one of the stocks on Jim Cramer’s radar.
When discussing logistics services provider FedEx Corporation, Jim Cramer frequently mentions its CEO, Raj Subramaniam. While discussing the firm in September after its earnings report, Cramer commented that the earnings call marked a change in tone for Subramaniam as he became the “most bullish” since taking over. The CNBC TV host also remained cautiously optimistic about a rally in FedEx Corporation’s shares after the earnings. In this appearance, he mentioned the CEO again and praised him for having met the firm’s legendary founder, Fred Smith:
“Raj Subramaniam, has taken FedEx and, I loved the late Fred Smith, he was a friend of mine. But he’s taken FedEx to the level which Smith told me he would do. Which is a great honor when you live up to what Smith says. So the chart of FedEx is a chart of what I think is happening. And it’s just terrific. And I really liked that.”
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However, on October 8th, Cramer discussed FedEx Corporation as part of a group of firms:
“The FedEx shocked me. Because I was betting that Raj Subramaniam, this is going to be the big turn, he’s taking a huge amount of business from UPS. But they also. . .cut numbers UNP, they cut numbers CSX. That is slowing of the economy. So we have this slowing of the economy story, we’ve got the froth story, and then we’ve got the real companies that are doing quite well and they tend to be involved in the building of the data center.”
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This article is originally published at Insider Monkey.
