Jim Cramer’s Recent Takes on These 21 Stocks

2. Oracle Corporation (NYSE:ORCL)

Number of Hedge Fund Holders: 122

Oracle Corporation (NYSE:ORCL) is one of the stocks that Jim Cramer shared his take on. Cramer showed a little pessimism toward the company, as he stated:

“What’s really going on here? Well, we got a press report that said that Oracle is delaying some parts of its gigantic data centre build-out. Now, Oracle refuted the report, but at this point, these AI stocks, many of them overbought for months, have taken a real header. As I told people at the monthly investing club meeting today, you have to get these stocks to settle down before you go near them. I always say to people, they tell you… when they’re done going down. It’s when they start going back up, these positions are, but the positions are too big for many of these big investment funds and hedge funds.

They can’t get out all at once. There’s just not enough of an aperture. That said, the bargains could be upon us maybe by this time next week. Stay tuned. Now, you have my blessing to buy some of these, say Wednesday… I wouldn’t pick Oracle. The reason why this move down was so emphatic is that people truly believe Oracle can’t get access to the money it needs to continue its incredible build-out. The fact that management could issue a point-blank denial… and then it meant nothing to the stock, well, that’s bad news for Oracle, not the rest of the sector.”

Oracle Corporation (NYSE:ORCL) provides cloud and on-premise software, databases, and IT infrastructure to help businesses manage operations. The company also offers hardware, consulting, and support services.