Jim Cramer Waits for Oil to Fall Before Adding to FedEx Freight (FDXF)

On September 9, Jim Cramer told viewers on his Mad Money show that he and his team were waiting to add to their position in FedEx Freight (FDXF) until the oil price dropped. Cramer explained that the stock had become too expensive because it was tied to the price of oil. He did not hide his disappointment, saying the investment had not performed well so far.

Cramer stated that they wanted to hold the position as a hedge against further oil price increases, but they were not yet ready to buy more shares. FedEx Freight reported a decline in fiscal 2026 revenue and operating income for the fourth quarter, citing weaker demand, weak industrial production, trade policy uncertainty, and excess capacity in the LTL industry.

The company also noted that demand was softer than expected. Management expressed cautious optimism about early signs of stabilizing demand, while CFO Marshall Witt acknowledged that demand was "a little bit softer" than anticipated. Despite higher revenue driven by fuel surcharges and weight per shipment, average daily shipments declined, leading to a decline in adjusted operating income.

The company faced challenges due to elevated standalone costs and a weak freight environment. Cramer believes the stock needs a bottom in oil prices and improved freight demand before he would consider adding to his position.