Cramer Quick Take: I Won't Bet Against Larry Ellison
09/19/12 - 12:36 PM EDT
Check out Jim Cramer's latest trading recommendations on "Action Alerts Plus".
NEW YORK (TheStreet
) -- With Oracle (ORCL)
posting earnings after the bell Thursday, Jim Cramer told Debra Borchardt at TheStreet.com
that's he's not betting against Oracle CEO Larry Ellison.
Cramer said there are many headwinds in the IT space at the moment, but he's lumping Oracle in with the likes of IBM (IBM)
, a stock he owns for his charitable trust, Action Alerts PLUS
, and Accenture (ACN)
and not with the ailing PC players such as Hewlett-Packard (HPQ)
and Dell (DELL)
Cramer called Ellison an "inventive guy" that always finds a way to deliver on earnings. While Oracle is not his favorite company in the space, IBM and Saleforce.com (CRM)
take that spot, Cramer was bullish on Oracle.
Watch the full Cramer interview here.
--Written by Scott Rutt in Washington, D.C.
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