Why Jim Cramer Believes FedEx Freight Will Cash In on the E-Commerce Boom

FedEx Freight Holding Company, Inc. (NYSE:FDXF) 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 made some positive comments on the company, as he commented:

One of the Trust’s newest positions is FedEx Freight. Just got it. The freight stocks have been on fire mostly because the economy’s so strong and e-commerce is still taking share over brick and mortar. FedEx Freight is uniquely set up to take advantage of that trend. It’s the recent less-than-truckload spinoff from FedEx. I like that the company’s on track to cut a huge amount of costs while picking up a lot of market share. Added bonus: self-driving trucks. They’re coming, and they’ll matter. That’s it. Light week.

Stock market data. Photo by Burak The Weekender on Pexels

FedEx Freight Holding Company, Inc. (NYSE:FDXF) provides less-than-truckload freight transportation services. Cramer discussed the stock during the June 5 episode, as he remarked:

Today’s the day when I’m proud that we held on to our FedEx Freight, the new spin-off that could go from a decent less-than-truckload play into one of the best operators in the world. And remember, we don’t care what kind of company makes the money. Doesn’t have to be a data center money maker.

While we acknowledge the risk and potential of FDXF 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 FDXF and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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