Check out Jim Cramer's latest trading recommendations on "Action Alerts Plus".

NEW YORK ( TheStreet) -- TheStreet's Jim Cramer sat down with "Mad Money" Research Director Nicole Urken to discuss the IPO market.

With a surging stock market, many investors are lagging the S&P 500 and wondering if they can still get in, with the markets at such lofty levels. However, investors may not realize that the IPO market has actually outperformed the S&P 500 year-to-date, as Urken noted.

Urken also stated that enterprise software and housing have been the strongest IPO performers as of late. ChannelAdvisor ( ECOM) and Ply Gem ( PGEM) are two upcoming IPOs that Cramer and Urken expect to do well.

If it doesn't pop too much, it might be worth looking at, Urken told Cramer, noting that "we don't like it when you have to chase in the aftermarket." Cramer concluded by saying, "Ply Gem is going to be a winner."

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

-- Written by Bret Kenwell in New York.
Bret Kenwell currently writes, blogs and also contributes to Rocco Pendola's Weekly Options Newsletter. Focuses on short- to intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

If you liked this article you might like

Latest E-Commerce Figures Are Good News for Google and eBay, but Mixed for Amazon

Insider Trading Alert - ECOM, FHCO And KOP Traded By Insiders

Oracle Giving Investors More of What They Want to See

Cvent Takeout Shines Spotlight on Cloud Software Providers

Insider Trading Alert - DK, EXA And ECOM Traded By Insiders