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By Ramish Cheema
We recently published 9 Stocks Jim Cramer Talked About in a Show Where He Advised OpenAI to Slow Down. FedEx Corporation (NYSE:FDX) is one of the stocks Jim Cramer discussed on the show.
Logistics giant FedEx Corporation (NYSE:FDX) made news last week after its CFO, John Dietrich, commented at a Baird industrial conference that it expected to improve profitability in its fiscal second quarter. The CFO revealed that FedEx Corporation (NYSE:FDX) expected adjusted earnings per share to sit at $4.05, which was higher than $4.02 of analyst estimates. Dietrich's comments sent the shares higher as they assuaged investor worries about a slow holiday season in a year marked by tariffs and inflation. Cramer commented on FedEx Corporation (NYSE:FDX) in the context of investing in retail stocks and cautioned about interest rates:
"Well, I, I'm still very wary of going too much retail until I see better but FedEx was good yesterday.
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"Look, the best thing I saw yesterday was Raj, was at FedEx, I thought that was great. Because FedEx is the economy. That made me feel better. . .but let's just be careful, because we need, we need lower rates."
While we acknowledge the potential of FDX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.