Oracle leads market lower, plus 2 of Cramer's favorite unloved stocks get upgrades
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
TL;DR
- S&P 500 is lower, extending a three-day losing streak.
- Oracle's stock fell sharply following news that its data center partner may not fund a $10 billion OpenAI project.
- Jim Cramer expressed skepticism about Oracle's financial solvency.
- Texas Roadhouse was upgraded by Wells Fargo, with analysts seeing an entry point despite high beef costs.
- Procter & Gamble received a buy rating from Jeffries, with its CEO change noted as a catalyst.
- Cramer recommends buying out-of-favor stocks to beat the market.
- Stocks mentioned in a rapid-fire segment include Warner Bros Discovery, Airbnb, Constellation Brands, Keurig Dr Pepper, Lennar, and General Mills.