Jim Cramer Highlighted 7 Stocks in Light of the Fed Rate Cut

4. FedEx Corporation (NYSE:FDX)

Number of Hedge Fund Holders: 60

FedEx Corporation (NYSE:FDX) is one of the stocks Jim Cramer highlighted in light of the Fed rate cut. Cramer recommended the stock due to the holiday season, as he remarked:

“You can buy Federal Express because we’re in the holiday season, and Raj Subramaniam is one great CEO.”

FedEx Corporation (NYSE:FDX) provides transportation, shipping, and logistics services, including express and freight delivery, e-commerce solutions, and supply chain management. Cramer called the company stock a “coiled spring” during the December 3 episode, as he commented:

“I think FedEx is a coiled spring. We’ve yet to hear a single disappointing e-commerce story, save Target. Fantastic setup for FedEx, also for J.B. Hunt and ArcBest. I think they’ll have a good run.”

Additionally, it is worth noting that Cramer recommended buying the stock when a caller asked for his advice on it during the November 14 episode. He said:

“You want to buy this stock. I’m going to cut you short here because this is so easy… This is one of my favorite stocks. I wish we owned it for the Charitable Trust… The stock is going, I think, all the way back over $300. It’s having a good quarter. And I mean, can I just say that Raj Subramaniam turns out to be just one dynamite exec who I know is making Fred Smith proud. We miss Fred very much.”