"In the "Off The Charts" segment, [Jim] Cramer checked in with colleague Dan Fitzpatrick over the charts of package delivery giants FedEx (FDX) - Get Report and UPS (UPS) - Get Report. According to Cramer, UPS is the better company, but according to Fitzpatrick, FedEx has the better stock," TheStreet's Scott Rutt wrote in his Mad Money recap.
"Looking at a daily chart of UPS, Fitzpatrick noted that after building a base for months, UPS shares have recently surged 22%, well above their 50-day moving average. He felt the stock was now overextended and needed a pullback before resuming higher. Cramer disagreed, positing that any pullback would be small, making now the time to buy," he continued. "Turning to FedEx, Fitzpatrick said that like UPS, shares have been also building a base, then breaking out to the upside, albeit in a more measured fashion. He felt that $365 a share could be achieved as the stock is not as overextended as UPS."
UPS is a holding in Cramer's Action Alerts PLUS portfolio. Hear what Cramer is only telling members of his Action Alerts PLUS investing club in Wednesday’s Daily Rundown.
Recap TheStreet Live: Everything Jim Cramer Is Watching Wednesday