Here's what Jim Cramer is thinking about on Tuesday, Dec. 18. 

Real Money's Stock of the Day

Jim Cramer breaks down the Real Money stock of the day, Oracle (ORCL - Get Report) .

"I miss the old days, the days when I when I would go home and listen to the Oracle (ORCL) conference call and think about what the impact would be for the stock market -- and the Nasdaq in particular," wrote Cramer in his Real Money column Tuesday, Dec. 18. "The numbers for Oracle were, quite frankly, pretty darned good, especially cloud and licensing revenue, which I was actually worried about. When you do 5.5% growth in constant currency and you are talking about $6.6 billion, that's pretty darned good."

Real Money reporter Kevin Curran covered Oracle's earnings.

The 5% rise in the shares Tuesday morning positions Oracle to get back into the green for 2018 after a pre-earnings dip put the stock in the red year to date. The increase comes as the Redwood City, California-based company's fiscal second-quarter earnings report outpaced market expectations and it even raised guidance.

The tech leader reported quarterly earnings per share of $0.80, besting estimates by $0.02, and revenue of $9.57 billion, outpacing estimates by about $50 million. The company also modestly raised its EPS guidance into the fiscal third quarter to a range of $0.86 to $0.88, above analyst consensus.

"As we continue to scale and grow our cloud business, I expect our gross margins will ultimately go higher," CEO Safra Catz told investors on the analyst call." I continue to expect that second half revenue growth will be higher and we remain committed to delivering a higher constant currency growth rate for all of fiscal 2019 when compared to last fiscal year."

For more on Real Money's coverage of Oracle, check out the links below.

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