NEW YORK (
) -- Jim Cramer was impressed with
conference call today, but he wouldn't be a buyer of the stock, he said during his
segment on CNBC.
After the closing bell Thursday, Oracle reported profit and sales that topped Wall Street's expectations and said that it's taking market share from
But shares of Oracle have gained too much speed, Cramer said, reaching a 52-week high earlier in the day. Instead he would buy Oracle competitor
Cramer was also impressed with
outlook. The owner of Red Lobster and Olive Garden, among other chains, posted
. It predicted profit growth for the full-year on weaker-than-expected sales.
Darden CEO Clarence Otis also made the call that recession-stung consumers would soon begin to dine out more. Cramer agreed, citing Darden's steak restaurants, where business has been picking up steam.
If investors are looking for a company comparable to
, which recently struck a deal to be acquired by
, they should look to
, Cramer said.
Goldman Sachs upgraded
, one of the companies that does business with Chesapeake. Cramer owns BP shares in his
Cramer also mentioned
, a biotech firm whose founder is calling for the
, Henri Termeer.
Reported by Jeanine Poggi in New York.
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