Cramer's 6 Stocks in 60 Seconds: ULTA HOV DPZ HFC FUN NTAP (Update 1)

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

(Updates from 10:34 a.m. ET with closing information.)

NEW YORK ( TheStreet) -- Here's what Jim Cramer had to say on CNBC's "Squawk on the Street" Monday.

Citigroup said to buy Ulta Salon Cosmetics and Fragrance ( ULTA) ahead of its earnings report. Cramer said they must know something to make such a gutsy call. ULTE closed 4.2% higher at $101.35.

Hovnanian Enterprises ( HOV) missed analysts estimates on the top- and bottom-line when it reported its third-quarter earnings results Monday morning. Cramer wasn't surprised. HOV rose 2.2% to $5.15.

Keybanc initiated Domino's Pizza ( DPZ) as a buy and Cramer likes the call. He added that Patrick Doyle, the CEO, has been doing a great job. DPZ was up 2.4% to $63.04.

Morgan Stanley downgraded HollyFrontier ( HFC) to hold from buy. Cramer said the refinery stocks will continue to underperform. HFC declined by 2% to $42.83.

Cramer said he likes Cedar Fair ( FUN) over Six Flags Entertainment ( SIX) but thinks both are good theme park operators. FUN was flat at $43.73.

UBS upgraded NetApp ( NTAP) to buy and Cramer agreed, calling the company incredibly undervalued with a ton of cash. NTAP rose 1.2% to $42.76.

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-- Written by Bret Kenwell in Petoskey, Mich.

At the time of publication, Cramer's Action Alerts PLUS had no position in the stocks mentioned.

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