Cramer Quick Take: Buy UPS Not FedEx
NEW YORK (TheStreet) -- On the heels of a disappointing quarter from FedEx (FDX) , Jim Cramer told Debra Borchardt at TheStreet.com Wednesday that he's betting on rival UPS (UPS) for his charitable trust, Action Alerts PLUS, but that doesn't mean he's counting FedEx out for good.
Cramer said the question remains as to whether the decline at FedEx is cyclical, stemming from a weak economy, or a secular trend away from pricey overnight shipping to more cost-effective ground services, where UPS dominates. If the latter is true, Cramer said it's time to sell FedEx and buy UPS, but for the former, he'd wait for a pullback in FedEx shares and buy in under $100.
Watch the full Cramer interview here.
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-- Written by Scott Rutt in Washington.
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