On Wednesday, Jim Cramer, host of Mad Money, cautioned investors against making significant market decisions based solely on the Federal Reserve’s actions regarding interest rates.
“If people were expecting the Federal Reserve to give us fireworks, they were sorely disappointed. Fed chief Jay Powell’s not given to hyperbole. He’s trying to balance price stability with job growth… As Powell told us today, the labor market is really cooling off. So the widely expected quarter-point rate cut made a ton of sense.”
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Despite how predictable the move was, markets responded with mixed signals, something that puzzled Cramer. The Dow climbed 260 points, while the S&P 500 slipped by 0.1% and the Nasdaq fell 0.33%. Cramer said the market’s behavior might have given investors the impression that the Fed’s decision came as a surprise, even though it had been clearly telegraphed in advance.
“The market’s reaction tells me two things. One, there are people who actually believe we’d get something bigger, and two, there are people who think that stocks are overvalued without big rate cuts.”
Cramer pointed directly to Powell’s comment that there was no “widespread support for a 50 basis point cut today” as a signal that some selling pressure was inevitable. He suggested that a portion of the investor base might have convinced themselves the Fed would cave to political pressure and approve a 50 basis point cut. Not mincing his words, Cramer said that they are “delusional.”
“While we could have gotten more dovish language from Powell, of course, a tad disappointing to equity investors, no big themes were upended. No longer-term gains were put on hold. In the end, everybody with half a brain knew we’d get a quarter-point cut. So it shouldn’t have done nothing to the market.”
Our Methodology
For this article, we compiled a list of 7 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on September 17. We listed the stocks in the order that Cramer mentioned them. We also provided hedge fund sentiment for each stock as of the second quarter of 2025, which was taken from Insider Monkey’s database of over 900 hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Jim Cramer Commented on 7 Stocks and the Recent Fed Meeting
7. United Parcel Service, Inc. (NYSE:UPS)
Number of Hedge Fund Holders: 53
United Parcel Service, Inc. (NYSE:UPS) is one of the stocks Jim Cramer commented on, along with the recent Fed meeting. Highlighting the stock’s high dividend yield, Cramer commented:
“I’m even more concerned about United Parcel with its 7.8% yield. That yield’s too high, may not be sustainable even as management keeps saying otherwise. Fairly or unfairly, when you see that kind of high yield that… this stock market is saying, don’t trust the dividend.”
United Parcel Service, Inc. (NYSE:UPS) provides transportation, distribution, and contract logistics services. The company also handles ocean and air freight, customs brokerage, and insurance. On September 15, Cramer remarked:
“I am worried about United Parcel. I’ll tell you why. It’s down 33% for the year. Because when I see a yield of 7.8%, it worries me because there’s not a lot of yields in the S&P that are that high. The highest yielders tend to be troubled. They do not tend to be reasons to buy, maybe for Verizon when it was… or an ATT, because they’re utilities. But this is of grave consternation to me on UPS. I wish I could be more positive, but that’s how I feel.”
6. FedEx Corporation (NYSE:FDX)
Number of Hedge Fund Holders: 67
FedEx Corporation (NYSE:FDX) is one of the stocks Jim Cramer commented on, along with the recent Fed meeting. Expressing his concern about the company, Cramer said:
“I’m concerned, for example, about FedEx, which reports tomorrow. 25 basis point cut won’t change things in time for this great shipping company.”
FedEx Corporation (NYSE:FDX) offers transportation, e-commerce solutions, and business support services. Its services include express shipping, small-package deliveries, freight services, and other business-related services. Earlier in September, Cramer said:
“After the close, FedEx reports and the analysts have been lowering numbers and lowering numbers because of an expected decline in Chinese packages, now that they no longer have that tariff exemption.”
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