Amazon's Potential Delivery Service Not a Reason to Sell FedEx, UPS: Jim Cramer
FedEx and UPS shares moved lower on Thursday amid a report that Amazon is testing its own delivery service.
Amid a report that Amazon (AMZN) - Get Report is testing a delivery service to compete with FedEx (FDX) - Get Report and UPS (UPS) - Get Report , TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer said this isn't a reason to sell the two legacy delivery stocks.
Cramer said Amazon is looking to bolster its third-party operation and doesn't want to go into the delivery service
Cramer prefers FedEx over UPS.
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