We're adding to our position in a hard-hit stock before important catalysts arrive
This is our second stock purchase on Thursday.
TL;DR
- Jim Cramer's Charitable Trust is buying 20 shares of FedEx at roughly $289 per share.
- The trust's holding in FedEx will increase to 410 shares, representing about 2.98% of the portfolio.
- This purchase is part of a selective investment strategy, buying good companies at reasonable prices.
- The trust is looking to diversify from AI-focused stocks into other sectors and industries.
- FedEx shares are considered undervalued due to inflation and high oil prices, ahead of the holiday shipping season.
- The trust believes FedEx will outperform its competitor, UPS.
- A decrease in oil prices is anticipated to benefit FedEx and drive the stock's next upward move.
- Investors are encouraged to buy shares before positive news, such as a resolution to the Iran conflict, impacts energy prices.