Jim Cramer’s daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Intuit : The TurboTax and Credit Karma company announced a cut of about 10% of its staff. “I believe [CEO Sasan Goodarzi] that they are going to use AI to be able to take advantage of things and rationalize their workforce,” Jim Cramer said Wednesday. “But people are not believing it at all. People believe there is genuine weakness. I don’t see it.” Chipotle : Longtime CFO Jack Hartung is set to retire next year. He’ll be replaced by company veteran Adam Rymer. “[Hartung] was ‘true north’ during the horrible 2015 airborne illness situation. He was a steady hand when I called every day [back then],” Cramer said. Chipotle has been weaker since the 50-for-1 stock split. Cramer said it’s due to questions about portion sizes getting small. CEO Brian Niccol told Cramer that’s not the case. 3M : CFO Monish Patolawala is departing for Archer-Daniels-Midland . “That’s what happens,” Cramer said. “When you hear a new CEO, I know in a year you see the CFO leave.” 3M brought Bill Brown on as CEO in May. “He’s going to pick his own team,” Cramer added. Carvana : Needham updated the stock to a buy. CEO Ernie Garcia “pulled the rabbit out of a hat,” Cramer said. “The used car market is on fire because the used care prices have come down to the point where it makes a lot of sense to go shop.” Mastercard and Visa : Bank of America downgraded both credit card companies to neutral from buy. The analysts also cut their price targets. “This is a classic case of whenever you sell these stocks … you end up regretting it,” Cramer said. “These guys have the greatest gross margins in the world. They have no credit risk. That’s why people like them. I don’t think you downgrade these stocks going into a slowdown where you might have credit risk.”