Jim Cramer’s daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Gap : Shares rose more than 2% after Cowen upgraded the retailer’s stock to a buy rating. “[CEO] Richard Dickson is doing a remarkable job” in turning the company around, Jim Cramer said. “People continue to underrate him because he’s kind of up from nowhere. I think that’s nonsense. He’s got a good style, good judgment.” The CNBC Investing Club owns T.J. Maxx parent TJX Companies . Oracle : The software giant said in its annual report that the U.S. TikTok ban signed into law in April could hurt its sales and profits. Shares were lower by roughly 0.75% Tuesday. “Let me tell you something: That hit that they’ll have will last 90 seconds,” Cramer quipped, alluding to the strong demand for cloud computing services due to artificial intelligence. The Investing Club owns fellow cloud computing providers Microsoft , Amazon and Alphabet . SolarEdge : Shares tumbled 15% after the company announced an offering of $300 million convertible senior notes. “They’re too levered to the consumer,” Cramer said. “You want industrial solar.” Pool Corp .: Shares slid more than 6% after the pool supply distributor cut its full-year earnings guidance. “I’m still kind of mesmerized by the fact they knew business was that bad for that long before they preannounced,” Cramer said. Boeing : The company is now planning an all-stock offer for troubled supplier Spirit AeroSystems instead of cash, The Wall Street Journal reported Tuesday. Shares of Boeing fell nearly 2%. Cramer indicated he was under the impression Boeing would not make an all-stock bid.
Cramer praises Gap’s turnaround efforts — but says stay away from this corner of clean energy
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