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. 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 Petoskey, Mich. Follow @BretKenwell