Shares of Teck Resources (TCK) are climbing 3% Friday after analysts at Deutsche Bank upgraded the stock to hold from sell.
"I like the call," TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Mad Dash" segment.
The company's success is tied to a rebound in China, he added.
Alongside those fantastic results was a 4.5 million-share secondary offering, which the company priced on Friday at $100. The stock is down about 7% in response, after closing near $110 in the prior session.
There has been a lot of demand for high-end growth stocks, Acacia being one of them, he said. That's evident in the stock's roughly 400% gain since going public earlier this year, rallying strong from its $23 IPO price.
Cramer wants to see if shares of Acacia can now rally off the secondary offering. If it does, it shows that demand for growth is still strong, he concluded.
At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.