Jim Cramer Believes “FedEx Freight Could Be a True Winner” But Still Favors the Parent

FedEx Corporation (NYSE: FDX ) was among the stocks Jim Cramer was focused on, as he discussed Mad Money’s latest game plan for the week . Cramer highlighted the company’s LTL division spin-off, as he commented:

Monday’s also got a host of important corporate events. The Federal Express less-than-truckload, LTL, division is going to be spun off as FedEx Freight, which will trade under the symbol FDXF… We own FedEx for the Charitable Trust, so we’ll have full coverage about what the breakup means to you if you’re a fellow club member. I think FedEx Freight could be a true winner, given the not-so-benign neglect it suffered through for so many years as part of the combined company. Although I still favor parent, FDX.

FedEx Corporation (NYSE:FDX) provides transportation, shipping, and logistics services, e-commerce solutions, and supply chain management. Cramer discussed the company during the May 12 episode, as he commented:

As America turns 250, we’re spotlighting the companies and infrastructure powering the next chapter of growth. And that brings us here to the FedEx World Hub in Memphis, where logistics, technology, and American industry all come together under one roof. They can process a whopping 474,000 packages per hour here. This is like the beating heart of the economy. You can see it moving in real time. So when CEO Raj Subramaniam talks about the economy, you’re not getting a survey or lagging government data; he’s seeing the consumer demand, business shipments, industrial activity, healthcare deliveries, international trade flows, and supply chain shifts as they happen. Raj is the signal. And look, we know FedEx has been thriving. The company reported a spectacular quarter in March, thanks to network optimization efforts. And I feel pretty… bullish about the future here… One of the greatest turnaround stories out there.

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