'Fast Money' Recap: Oracle Speaks

The stock market traded mixed to flat on Wednesday with the Dow closing down 25 points and the Nasdaq finishing up 5 points. The team at CNBC's "Fast Money" reviewed Oracle's headline news, gave a preview of Research in Motion's earnings and covered Morgan Stanley's cash infusion.

Oracle(ORCL - Cramer's Take - Stockpickr) reported earnings after the bell that blew away Wall Street estimates. The software maker posted a 35% increase in second-quarter profits. Pete Najarian remarked that the numbers out of Oracle were outstanding. He thinks the business going forward looks very good and he disclosed he bought some stock 10 minutes before the close. Guy Adami called Oracle the best M&A firm in the United States. Tim Seymour expects to see upgrades in the morning for Oracle.

(Here's a look at a professional portfolio that focuses on the communication sector on Stockpickr.com Seligman Communications and Information.)

Research In Motion Earnings Trade

Research In Motion(RIMM - Cramer's Take - Stockpickr) is set to report earnings Thursday after the close. CNBC Silicon Valley Bureau Chief Jim Goldman joined the "Fast Money" crew to discuss his take on the BlackBerry maker. Goldman mentioned that most people are expecting a "beat and raise" quarter out of Research In Motion. He feels that if RIMM beats expectations, the stock will make a significant move to the upside.

Some investors have been speculating that RIMM might have to restate earnings, but Goldman doesn't believe that will happen. Chief Market Technician Carter Worth thinks it is highly probable that RIMM will gap lower on earnings based on what he is seeing in the chart. Najarian thinks there is nothing but upside for RIMM here. Macke thinks the numbers will be strong and he recommended going long RIMM with a stop at $95.