August 17, 2022

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Jim Kramer says investors can do “much worse” than FedEx here

CNBC’s Jim Cramer told investors Monday that while the market has yet to overcome the challenges that threaten to create a recession, FedEx The stock may be able to withstand upheaval.

“You might think FedEx would be a helpless victim of rising gas prices, a potential e-commerce plateau, a [Federal Reserve]- Delayed delegate. This would be a mistake. This company controls its own destiny. He said… I think you can do much worse.

The “money mad“The host said that while FedEx is grappling with supply chain disruptions and doing well as it did during the height of the pandemic, the company is on the upswing.

FedEx reported mixed results in the fourth quarter last week, slightly outpacing earnings but losing revenue, Refinitiv estimates. The company also issued full-year cheerful guidance, anticipating an increase in adjusted earnings.

Carrier raised too Her earnings range from 75 cents to $1.15.

“Companies don’t deliver a 53% increase in earnings when they are concerned about delivering the next quarter,” Cramer said.

“Do not forget that this market only appreciates profitable companies that reward their shareholders with dividends and repurchases,” he added.

FedEx shares fell 1.14% on Monday.

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