TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer was pleased with quarterly results from Costco (COST) and Adobe (ADBE) .

'Costco is just to the moon," Cramer said. "10% comparable store sales - that is the equivalent of a boom."

Cramer also thought the declines in Oracle (ORCL) shares on Friday were overblown - some investors were worried about the company's latest cloud revenue. 

Watch More with TheStreet:

Want more exclusive investing insight from Jim Cramer? Get 24/7 access to Jim's charitable trust portfolio with a free trial to Action Alerts PLUS!

More from Video

Video: Here Is Why Carvana Isn't Worried About Amazon

Video: Here Is Why Carvana Isn't Worried About Amazon

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

Flashback Friday: The Market Movers

Flashback Friday: The Market Movers

This Could Be the Summer of Hard Seltzer

This Could Be the Summer of Hard Seltzer