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NEW YORK (
) -- On the heels of a disappointing quarter from
, Jim Cramer told Debra Borchardt at
Wednesday that he's betting on rival
for his charitable trust,
, 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.
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-- Written by Scott Rutt in Washington
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At the time of publication, Cramer's Action Alerts PLUS had a position in UPS.
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