Jim Cramer's Stop Trading: FedEx, Dow Transports Drive Stock Market Higher

NEW YORK (TheStreet) -- On CNBC's "Cramer's Stop Trading" segment, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, called FedEx (FDX) a "great barometer of worldwide trade." 

Cramer also pointed out that Citigroup raised its earnings per share estimates for FedEx for its upcoming earnings report to $2.01, higher than the consensus of $1.91. 

The transports are really driving the stock market higher, Cramer concluded.

-- Written by Bret Kenwell in Petoskey, Mich.

Follow @BretKenwell

At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.

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