Jim Cramer's daily rapid-fire breaks down stocks in the news outside of the CNBC Investing Club portfolio. Oracle: The tech giant had a mixed quarter. But it announced new AI partnerships with Alphabet's Google and Microsoft-backed OpenAI. Oracle also reported a strong RPO, short for remaining performance obligation. RPO is what future contracted clients and business accrual are expected to pay. “RPO…this was a gigantic number,” Jim Cramer said Wednesday. Co-founder Larry Ellison was “absolutely right on the conference call that the best is yet to come.” Cramer said he regrets not sticking with Oracle for the CNBC Investing Club portfolio, saying he had to sell Oracle because it missed quarterly numbers too many times. Birkenstock: Goldman Sachs downgraded the casual footwear company. “This is a stock with momentum, so it's not necessarily going to lose spirit here,” Cramer said. “But it is expensive compared to its cohorts.” Johnson & Johnson: The company reached a $700 million settlement with states over the marketing of its talc-based baby powder. This is positive, Cramer said. But he added that J&J is a basic healthcare stock and won't work here. Paramount: National Amusements' deal with Skydance over Paramount fell through. Wells Fargo downgraded Paramount, controlled by National Amusements owner Shari Redstone. Cramer is worried about the debt. “Shari Redstone is in big trouble. She should have taken that deal.” he said. Caseys General Stores: The convenience store operator posted strong profits. Cramer talked about Caseys' “breakfast pizza that is a cult favorite that sells out all day long.” He's been saying on “Mad Money” that he likes the stock, which is up 17% in quarterly numbers.
