Jim Cramer Discussed 13 Stocks Like FedEx Freight and the Threat of Oversupply in the Market

In this article, we will look at the stocks Jim Cramer discussed during Mad Money, as he called the growing wave of stock offerings and debt issuance a threat to the bull market. The host of CNBC’s Mad Money said on Wednesday that while the market has managed to absorb the recent wave of new stock and bond issuance, he is becoming increasingly concerned that the volume of new deals could eventually outpace investor demand.

I’m worried about the supply, specifically the flood of new equity and bonds that have been inundated. This market’s sopping up a lot of sideline capital. I’m a lot more concerned about that than I am about the traffic in the Strait of Hormuz. Let me explain. You know I’ve always said that excess supply, too much stock than the market can handle, can kill any bull market, and I do fear it’s getting to be too much right now. If the issuers and the investment banking minions don’t rein things in, pull it back a little, I think the bull is going to get hurt.

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Cramer also said the amount of equity and debt issued since the beginning of June has been unusually large, making him more cautious. He noted that the market is being flooded with both new and secondary offerings, and the scale of issuance has become difficult to ignore.

Here’s the bottom line: We haven’t reached the danger zone yet, but if these offerings keep coming at this pace, we will not be saved from oversupply. We need to see more new money in this market, too. We need some big takeovers… and we need to see a break in the IPO and secondary action already. IPO abstention and heightened M&A activity can still save the bull. But if we keep getting this new level of supply for a few more weeks? The bull will suffocate under the weight of all that new paper.

Our Methodology

For this article, we compiled a list of 13 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on July 8. We listed the stocks in the order that Cramer mentioned them.

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. Insider Monkey’s quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).

Jim Cramer Discussed 13 Stocks Like FedEx Freight and the Threat of Oversupply in the Market

13. LyondellBasell Industries N.V. (NYSE:LYB)

LyondellBasell Industries N.V. (NYSE:LYB) was among the stocks Jim Cramer discussed during Mad Money, as he called the growing wave of stock offerings and debt issuance a threat to the bull market. Toward the end of the lightning round, answering a caller’s query about the stock, Cramer said:

Okay, I think it’s going to bounce back. It sells at six times earnings. It’s a heavy commodity stock. It actually depends on China. China’s not ordering that much, but I will say this: it’s inexpensive right here with a 5% yield. I’m not worried about what’s happening with it, but if it bounces, please make a move and [sell, sell, sell].

LyondellBasell Industries N.V. (NYSE:LYB) produces chemical solutions, polyolefins, and compounding plastics used in food packaging, automotive components, and home furnishings. The company also creates and licenses chemical processing technologies and supplies polyolefin catalysts.

12. Amprius Technologies, Inc. (NYSE:AMPX)

Amprius Technologies, Inc. (NYSE:AMPX) was among the stocks Jim Cramer discussed during Mad Money, as he called the growing wave of stock offerings and debt issuance a threat to the bull market. A caller mentioned that they sold 40% of their position and asked whether they should take gains on the remainder, hold, or add to it on weakness. Cramer replied:

No, this is a good situation. This is good. I like it. No, I would actually be thinking about getting back in, buy some more. It’s a good spec.

Amprius Technologies, Inc. (NYSE:AMPX) creates advanced silicon-based batteries designed to power high-performance flight tech like drones and satellites. A caller asked about the company during the May 1 episode, and Cramer responded:

You know, okay, this is another spec. It’s a storage spec, and it’s got, it makes a lot of sense. Once again, two specs that I’m willing to go with. You’re allowed to have one spec in your portfolio of five.

11. The Wendy’s Company (NASDAQ:WEN)

The Wendy’s Company (NASDAQ:WEN) was among the stocks Jim Cramer discussed during Mad Money, as he called the growing wave of stock offerings and debt issuance a threat to the bull market. When a caller expressed bullishness on the stock during the lightning round, Cramer remarked:

Jeez, I don’t know. I mean, take a look at McDonald’s stock. Even McDonald’s is getting hit. This group is very, very challenged… So I’m going to say no to owning that stock.

The Wendy’s Company (NASDAQ:WEN) operates and franchises quick-service restaurants specializing in hamburgers. A caller inquired about the stock during the March 18 episode, and Cramer replied:

No, we cannot buy Wendy’s. No, it is just, it is just the wrong stock. Meanwhile, McDonald’s is down a quick 10 bucks today. I think you start buying some McDonald’s. That had a fantastic quarter.

10. Levi Strauss & Co. (NYSE:LEVI)

Levi Strauss & Co. (NYSE:LEVI) was among the stocks Jim Cramer discussed during Mad Money, as he called the growing wave of stock offerings and debt issuance a threat to the bull market. Cramer highlighted the company’s latest earnings report, as he commented:

After the close… Levi Strauss & Company reported higher-than-expected revenue and a 4-cent earnings beat off a 24-cent basis. The denim kingpin put up excellent numbers around the world, sole exception maybe Europe… Asia had 12% organic growth. Wow. America’s up 7%. Even better, management raised their full-year forecast pretty substantially. Also boosted the dividend by 14%. Of course, this comes on the heels of a pretty strong run. Going into the quarter, Levi’s was up nearly 18% year to date. It’s been a standout among the otherwise challenged apparel stocks. Despite all the hand-wringing about the consumer, they put up excellent numbers.

Levi Strauss & Co. (NYSE:LEVI) offers apparel and footwear for all ages under brands like Levi’s, Denizen, and Beyond Yoga. During the April 21 episode, a caller mentioned their intention to get out of NKE and get into LEVI. The Mad Money host replied:

Alright, I like Levi Strauss at $23, $24. Now, I’ve liked it. It’s been right. And I’ve gotta tell you, I think Michelle Gass is doing a good job. I’d buy the stock.

9. GE Vernova Inc. (NYSE:GEV)

GE Vernova Inc. (NYSE:GEV) was among the stocks Jim Cramer discussed during Mad Money, as he called the growing wave of stock offerings and debt issuance a threat to the bull market. When a caller asked if the stock is a good buy here, Cramer stated:

I think it’s a great buy. It was just crushed yesterday. It was up nicely at one point today, and it gave up the ghost. I don’t get that. It gave up 30 points. I say you want to own this. You want to buy it right here. It remains the best when it comes to more turbines, and turbines are in very short supply.

GE Vernova Inc. (NYSE:GEV) provides products and services for generating, converting, storing, and managing electricity, including gas, nuclear, hydro, and wind technologies. Cramer was bullish on the stock when a caller asked about it during the June 30 episode. He said:

GE Vernova of those is my favorite. It’s one that the Charitable Trust has a very big position in. I believe in Scott Strazik. I think it is a terrific situation. Held up very well. I say still buy GE Vernova.

8. DPC Holdings PLC (NYSE:DPC)

DPC Holdings PLC (NYSE:DPC) was among the stocks Jim Cramer discussed during Mad Money, as he called the growing wave of stock offerings and debt issuance a threat to the bull market. Cramer called it a “great story,” as he stated:

How about the numbers? Okay, on the one hand, DPC has more than doubled its revenue since its restructuring six years ago, thanks to strong volume growth and higher prices. Last year, they put up 12% revenue growth, and in the first quarter of 2026, that accelerated to 26%. Looks like we could have an accelerating revenue growth story here… On the other hand, though, the company’s still not back to turning a profit… Is DPC worth owning here after its fairly strong start? Let’s look at how the stock trades versus its closest independent comparison, Howmet Aerospace… We do like that stock very much. Using enterprise multiple… You can see that DPC has an enterprise multiple of 55… Bit more expensive than the much-loved Howmet at 46.

If we get a bit aggressive and create an EBITDA estimate of $190 million for DPC this year, then that’s fair enough. That’s assuming they can keep growing at the same pace as the first quarter; then the stock would’ve an enterprise multiple of just over 40 on 2026 numbers. Still a little higher than Howmet at 36. So ultimately what I would say about DPC Holdings… is that it’s a great story mostly because of the extremely attractive end markets: aerospace engines and gas turbines.

But I’m not sure if this is the moment to embrace the stock. See, right now, DPC’s trading at a premium to a tried-and-true operator… even though it’s a much smaller company that’s far less profitable. Here’s the bottom line: I really do like DPC, and it’s also in great businesses, but I’d love to see the stock come in just a bit before buying it. How about at around $42, two bucks lower? I would feel much better. The stock would’ve the same valuation as Howmet. You could put a small position on here, although, ideally, I’d prefer you to wait for an entry point in the $30s where DPC would be at a discount to its closest publicly traded companies and would be [buy, buy, buy] right there.

DPC Holdings PLC (NYSE:DPC) manufactures engine products for the aerospace and industrial gas turbine markets. The company also supplies turbocharger wheels for passenger, commercial, and off-highway vehicles.

7. Solstice Advanced Materials, Inc. (NASDAQ:SOLS)

Solstice Advanced Materials, Inc. (NASDAQ:SOLS) was among the stocks Jim Cramer discussed during Mad Money, as he called the growing wave of stock offerings and debt issuance a threat to the bull market. Cramer commented on the company’s planned acquisition, as he remarked:

When a company I really liked, Solstice Advanced Materials, was spun out of Honeywell last fall, the stock initially fell from $53 on the first day of regular-weight trading down to $40 and change a few weeks later. Then Solstice found some traction and embarked on a fantastic rally, climbing all the way to $90 and change in recent weeks before plummeting back to the $60s after we learned they’re acquiring Element Solutions. I thought that was wrong. It’s a good, good, good deal. The market seemed to hate it. I disagree. But even after the recent decline, Solstice is still up huge from that low.

Solstice Advanced Materials, Inc. (NASDAQ:SOLS) is a specialty materials company that provides solutions for applications in refrigerants, semiconductor manufacturing, data center cooling, alternative energy, protective fibers, and healthcare packaging.

6. FedEx Freight Holding Company, Inc. (NYSE:FDXF)

FedEx Freight Holding Company, Inc. (NYSE:FDXF) was among the stocks Jim Cramer discussed during Mad Money, as he called the growing wave of stock offerings and debt issuance a threat to the bull market. Cramer gave his long-term thesis on the business, as he said:

Now, let’s talk about FedEx Freight, which, you know, really had the more dramatic pullback… Just like with FedEx, though, I’m not worried. FedEx Freight’s been getting slammed because this is what happens right after this kind of corporate breakup. FedEx gave all the shareholders a chunk of FedEx Freight, right? So you’re a FedEx shareholder. Suddenly you get this FedEx Freight, and you don’t know what it is. You just say, “Oh, I don’t need this little thing,” and you throw it away. It causes a temporary beat down… FedEx Freight’s now experiencing, I’d say what I think is a level where it reminds me very much of reverse and bottom. Doesn’t help that when the company reported on June 25th, though, the numbers were quirky… and the stock fell nearly 3% the next day.

Quirky because I don’t want to be too, I want to be a little more subjective about this. See, FedEx Freight offered limited numbers in its first report as a public company. There was no earnings per share figure, but what we did was get at least pretty solid, I thought… Making things worse, FedEx Freight also gave odd guidance. Like their old parent company, they moved from a fiscal year ending in May to a standard calendar year. Now, they’re in a transition period, the seven months from June through December, because their fiscal 2026 is over but the new calendar doesn’t… [start] until 2027 in January…

My thesis is much more simple and much longer term. FedEx Freight is instantly the largest player in the less-than-truckload market, which is an attractive one as the freight business comes out of a multi-year bear market with much less capacity, kind of what happened to the airlines. I think FedEx Freight also benefits from being an independent company with dedicated management that can think solely about how to improve service and grow the business rather than being buried within a larger entity where its profitability was not a priority. That’s why I want to own this one for the long haul.

FedEx Freight Holding Company, Inc. (NYSE:FDXF) provides less-than-truckload freight transportation services.

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