Cramer's Stop Trading! - FedEx Delivers (7/15/09)

Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Wednesday July 15.

American Express (AXP), Capital One Financial (COF), FedEx (FDX)

Could credit be stabilizing before the unemployment situation improves? While this may not be the scenario that was expected, Cramer cited American Express CEO Ken Chenault’s remarks about signs of green shoots as reason to pay more attention to credit card companies. Capital One Financial's better than expected performance is also another reason to be bullish; "I would not buy these names if credit weren’t stabilizing," Cramer said, "because credit is my fear, not unemployment. Credit is stabilizing. That changes the story from being one where I’m nervous and worried to one where I say ‘How much upside?' "

While FedEx indicated business was improving last quarter, the skeptics claimed the company was getting ahead of itself. Cramer remarked;"Does the stock not tell you that FedEx is spot on? This stock should be going down. The transports are struggling and struggling to break out here. I think they do."

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