Jim Cramer on FedEx: “Buy It, Put It Away”

FedEx Corporation (NYSE:FDX) was among the stocks Jim Cramer discussed as he said that the Iran peace negotiations could trigger an oil glut, cool inflation, and pull interest rates down. Cramer noted that the company is a “juggernaut under Raj,” as he commented:

After the close Tuesday, we get results from FedEx. Now, I’ve been telling everyone to buy this one. We just came back from Memphis, not that long ago, where I spoke with CEO Raj Subramaniam. We liked the stock enough that we told CNBC Investing Club members to go buy some, which is exactly what we did for the Charitable Trust.

FedEx tends to give very conservative guidance when it reports. So if you see a big earnings number and then the stock sells off from the forecast on the call, it might be a terrific buying opportunity for you. The company, always well-run under the late Fred Smith, a great friend of mine, is now a juggernaut under Raj. I think you just own FedEx for the long haul as it’s winning in the trenches against long-time opponent UPS. Buy it, put it away.

Photo by Artem Podrez on Pexels

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

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