Jim Cramer’s each day rapid fire looks at stocks within the news outside the CNBC Investing Club portfolio. Oracle : The tech giant had a mixed quarter. However it announced recent artificial intelligence partnerships with Alphabet ‘s Google and Microsoft -backed OpenAI. Oracle also reported strong RPO, short for remaining performance obligation. RPO is what contracted customers are expected to pay in the longer term and the backlog of business. “RPO … this was a big number,” Jim Cramer said Wednesday. Co-founder Larry Ellison was “quite right on the conference call that the perfect is yet to come back.” Cramer said he regrets not sticking with Oracle for the CNBC Investing Club portfolio , saying he needed to sell Oracle since it missed quarterly numbers too repeatedly. Birkenstock : Goldman Sachs downgraded the casual shoe company. “It is a momentum stock so it is not necessarily going to offer up the ghost here,” Cramer said. “However it is pricey versus its cohorts.” Johnson & Johnson : The corporate reached a $700 million settlement with states over the marketing of its talc-based baby powder. It is a positive, Cramer said. But he added that J & J is a health-care staple stock and it is not going to run here. Paramount : The National Amusements cope with Skydance over Paramount fell apart. Wells Fargo downgraded Paramount, which is controlled by National Amusements owner Shari Redstone. Cramer is anxious in regards to the debt. “Shari Redstone is in an excellent deal of trouble. She must have taken that dea,.” he said. Caseys General Stores : The convenience store operator had strong earnings. Cramer talked about Caseys’ “breakfast pizza that is a cult dish that is sold all day.” He has been saying on “Mad Money” that he likes the stock, which surged 17% on the quarterly numbers.
Eli Lilly hits $1 trillion market value, first for health care company
An indication with the corporate logo sits outside of the headquarters of Eli Lilly in Indianapolis, Indiana, on March 17, 2024.Scott...
