Dec 19, 2025 · 44 min
FedEx bets transformation and AI demand can outrun the economy
Mad Money w/ Jim Cramer 12/18/25
The episode connects a possible consumer-led market rally with a sharper test of which companies can convert AI spending into durable demand.
- 1Consumer spending stocks could support a Santa Claus rally as technology shares weaken.
- 2FedEx says network, organizational, and digital changes are driving growth, while AI infrastructure expands logistics demand.
- 3Micron’s historic earnings beat reflects demand substantially exceeding supply, making capacity the central constraint.
Don't miss
Raj Subramanian links FedEx’s automation and global shipping network to the equipment demand created by data-center construction and AI investment.
The brief
Cramer frames the market around a possible Santa Claus rally, with consumer spending stocks offering support as technology shares lose momentum.
Boeing’s recovery gets a favorable reading, but homebuilders and real estate services face a higher bar: investors should wait for clearer evidence of demand.
FedEx CEO Raj Subramanian describes a transformation built on cost reductions, automation, network changes, and a stronger B2B identity.
The FedEx discussion widens into an AI infrastructure story, as data-center construction creates global demand for shipping equipment and components.
The episode’s sharpest conclusion arrives with Micron: a historic earnings beat is powered by demand substantially exceeding supply, not merely optimistic guidance.
What was said on this episode
26 statements · 17 positive · 8 negative · 1 mixed
Consumer spending stocks are beginning to drive a Santa Claus rally.
“the consumer cavalry got here just in time to give us what looks to be the beginning of a Santa Claus rally”
Listen at 0:36
OpenAI funding would support aggressive data-center expansion and buying NVIDIA and Broadcom.
“if it can raise $100 billion at that valuation, well, then the company can keep building out data centers aggressively, and stocks like NVIDIA and Broadcom should be bought tomorrow”
Listen at 2:33
Inflation may have peaked and begun declining.
“These numbers today show that inflation may have peaked, started to come down in a very positive way.”
Listen at 3:25
Federal Reserve rate cuts should increase consumer spending.
“If the Fed cuts rates, the consumers should spend even more.”
Listen at 3:57
Lower prices are only beginning to trend downward.
“the trend of lower prices, though, is just starting”
Listen at 4:12
An oil glut will prevent gasoline prices from rising substantially.
“Gasoline will struggle to rally given the glut in oil.”
Listen at 4:15
Consumer spending is healthy and supports the stock market.
“Consumer spending looks to be alive and well, and it's a huge win for the stock market.”
Listen at 6:20
Boeing's stock has reached its bottom.
“I think Boeing has bottomed.”
Listen at 7:36
Kelly Ortberg should continue running Boeing for years.
“I think that Kelly Ortberg is the person who should be fit and running Boeing for years. He's doing that good a job.”
Listen at 7:43
Investors should not add new money to Enlight at current levels.
“I wouldn't put new money to work in Enlight at these levels, given how much the stocks run.”
Listen at 14:29
Prospective Enlight investors should wait for a likely pullback.
“If you don't own it and you like the story, I recommend waiting for a pullback, which seems highly likely to me at some point.”
Listen at 14:39
Cramer would buy Enlight after a pullback if strong results continue.
“if the pullback comes and Enlight keeps putting up good numbers, then you better believe I'd be a buyer”
Listen at 14:46
Homebuilders remain in poor condition.
“the builders are still not particularly well”
Listen at 16:25
“it's not clear that that's going to happen”
Listen at 16:33
Investors should start small and await stronger homebuyer demand.
“I think you should start small for now and wait for a clear sign that the buyers are returning before you make any big bets.”
Listen at 22:04
Investors should avoid Anywhere Real Estate Advisors.
“I don't want to be in that group.”
Listen at 22:49
Anywhere Real Estate Advisors requires a much hotter market to justify investment.
“you really need a much hotter market to be able to justify being in that”
Listen at 22:50
Investors should favor CrowdStrike and Palo Alto Networks over lower-quality cybersecurity names.
“You've got to stick with CrowdStrike or Palo Alto Networks, both owned by the Trust.”
Listen at 35:40
Effective cancer treatments warrant speculative stock ownership.
“if you have something that is for cancer and it works, then you have to own the stock as a speculation”
Listen at 36:07
Johnson & Johnson and Merck lead among major oncology companies.
“J&J and Merck are the ones that are ahead if you want the majors.”
Listen at 36:16
Investors should avoid BitMine Immersion and similar speculative stocks.
“I don't want you in anything that's involved in the year of magical investing. Let's steer clear of that.”
Listen at 36:53
Credo Technology is a winning investment.
“Credo's a winner.”
Listen at 37:28
Credo Technology has an exceptional growth story.
“we think that Credo has one of the great growth stories. And I'm not going to back away from it.”
Listen at 37:33
Ciena's next quarter should also be strong after its exceptional quarter.
“I think it was so great, the next quarter is going to be great, too.”
Listen at 38:33
Micron cannot produce enough memory chips to satisfy demand.
“Micron's not paying anyone to take their stuff. There's just so much demand in these memory chips that they can't possibly make enough of them.”
Listen at 42:24
Micron is generating substantial cash.
“Micron's a cash machine.”
Listen at 42:46
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.
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