We're adding to our position in a newly public stock that's still finding its footing

We are buying 100 shares of FedEx Freight at roughly $147.03 Following the trade, Jim Cramer's Charitable Trust will own 250 shares of FDXF, increasing its weight in the portfolio to nearly 1% from 0.55%. We're nibbling on shares of FedEx Freight following the stock's 7% pullback in reaction to earnings on Thursday night. While the company's reported figures were solid, similar to former parent FedEx Corporation earlier in the week , there was a lot of noise and confusion in the results. Traditional financial statements were scarce because Freight operated inside FedEx Corporation in the reported quarter. Also, due to the change in its fiscal calendar, there was no easy way to compare management's issued guidance — covering its seven-month transition period from June through December — with historical performance and Wall Street expectations. FedEx Freight's recast financials won't be released until August. When investors see noise and confusion in an earnings report, the first instinct is to sell and ask questions later. We saw that immediately play out with FedEx after it reported Tuesday night. By the time investors asked whether the quarter was actually good, we were able to scoop up shares Wednesday morning at a lower price than where it trades currently. …