Here's what Jim Cramer had to say about some of the stocks during the Mad Money Lightning Round:

Ulta Beauty Inc.  (ULTA) - Get Report : "I'm not that aggressive on this one, but shares did rally on a downgrade and that's a good sign."

Radian Group Inc.  (RDN) - Get Report : "I'm a little nervous about housing contracts. I'd take a little off the table."

AllianceBerstein Holdings  (AB) - Get Report : "This is an inexpensive stock and a very good company."

On Real Money, Cramer says that he believes expectations have simply gotten too high going into the reporting period for the transports. Get his insights on rails, freight and airlines with a free trial subscription to Real Money.

Cramer and the AAP team are giving their investment club members some insight on this week's earnings, including Apple (AAPL) - Get Report , Magellan Midstream Partners (MMP) - Get Report , and NXP Semiconductors, (NXPI) - Get Report . Get in on the conversation with a free trial subscription to Action Alerts PLUS.

Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.

To read a full recap of this episode of "Mad Money," click here.

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

To sign up for Jim Cramer's free Booyah! newsletter with all of his latest articles and videos please click here.

At the time of publication, Cramer's Action Alerts PLUS had positions in AAPL, MMP, NXPI.