Jim Cramer Says FedEx Freight Is a Long-Term Buy After 25% Pullback

According to CNBC Investing Club's Wednesday Morning Meeting, Jim Cramer said FedEx Freight is a long-term buy opportunity after falling 25% from its June 9 high. Cramer described the newly spun-off company as a "self-help story" being held back by market misinformation. Wells Fargo upgraded Old Dominion Freight Line on the same day, noting that recent pullbacks in less-than-truckload shipping stocks created attractive entry points. Cramer stressed investors should view FedEx Freight as a long-term position rather than a short-term trade.
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