Video: Jim Cramer Reacts to Costco, Adobe and Oracle's Results

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

'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) - Get Report shares on Friday were overblown - some investors were worried about the company's latest cloud revenue. 

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