Jim Cramer’s daily quick look at stocks outside of the CNBC Investing Club portfolio in the news. Oracle: The tech giant’s quarterly results were mixed. But it announced new artificial intelligence partnerships with Alphabet-owned Google and Microsoft-backed OpenAI. Oracle also reported strong RPO, short for remaining performance obligation. RPO is the future fees expected to be paid by contracted customers and the backlog of business. “The recovery point objective…that’s a huge number,” Jim Cramer said Wednesday. Co-founder Larry Ellison “was absolutely right when he said on the conference call that the best is yet to come.” Cramer said he regretted not sticking with Oracle in his CNBC Investing Club portfolio and said he had to sell Oracle because it repeatedly missed quarterly numbers. Birkenstock: Goldman Sachs downgraded the casual shoe company. “It’s a momentum stock, so it’s not necessarily giving up the ghost here,” Cramer said. “But it’s expensive compared to similar products.” Johnson & Johnson: Company on marketing of talc baby powder Issue reached a $700 million settlement with the states. That’s a positive, Cramer said. But he added that Johnson & Johnson is a major health care stock and wouldn’t work here. Paramount: National Entertainment’s deal with Skydance over Paramount fell apart. Wells Fargo downgraded Paramount, which is controlled by National Entertainment owner Sally Redstone. Cramer is concerned about debt. “Sally Redstone was in big trouble. She deserved to die,” he said. Caseys General Stores: Convenience store operators posted strong profits. Cramer talked about Casey’s “breakfast pizza, which is a popular dish that’s sold all day long.” He’s been saying on “Mad Money” that he likes the stock, which is up 17% in quarterly numbers.
