Jim Cramer Highlights FedEx’s New Spin-off

FedEx Corporation (NYSE:FDX) was among the stocks Jim Cramer talked about as he discussed the recent rally in several AI-related stocks. Cramer highlighted the company’s new spin-off, as he commented:

Today, the long awaited break up of FedEx finally arrived as FedEx Freight, their former, less than truckload business, began regular way trading on the New York Stock Exchange. That’s under the ticker… FDXF. I’ve said repeatedly that I like this move for FedEx, one of the newest positions in my Charitable Trust… Now, we’ve spent years marred in a prolonged freight recession, but in recent months, the whole group’s been making a nice move higher…

We think it’s a great opportunity. We think that there’s so many ways to rationalize… We want to have some leverage to a better economy, and I think that this can, that would be the cherry on top, so to speak… We think this is a keeper for those of you who bought FedEx with us. We like it.

FedEx Corporation (NYSE:FDX) provides transportation, shipping, and logistics services, e-commerce solutions, and supply chain management.

While we acknowledge the risk and potential of FDX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FDX and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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