Jim Cramer's Mad Dash: Shares of DSW Can March Higher

NEW YORK (TheStreet) -- Shares of DSW (DSW) are up almost 10% following the footwear retailer's top- and bottom-line earnings beat. 

"This was a terrific quarter!" TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Cramer's Mad Dash" segment. 

Earlier in the year, shares of DSW got "hammered" down to the low $20s, Cramer explained, making it a great buy and a potential buyout candidate at the time. 

Now the company is making a comeback as comparable-store sales results are improving. The stock provides a lot of value and is underrated, Cramer said, adding, "I think it goes higher." 

Turning to GT Advanced Technologies (GTAT) , Cramer called it a "speculative play," but added that if its sapphire technology is in Apple's (AAPL) new iPhone 6 screen, the stock could perform quite well. 

-- Written by Bret Kenwell in Petoskey, Mich.

Follow @BretKenwell

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

More from Opinion

It's Dumb to Think Legalizing Weed Is Still a Political Issue

It's Dumb to Think Legalizing Weed Is Still a Political Issue

AAP Exclusive: Cramer Says The President is No Longer on the Side of the Bulls

AAP Exclusive: Cramer Says The President is No Longer on the Side of the Bulls

Why It Makes Perfect Sense for Netflix and Amazon to Buy Up Movie Theaters

Why It Makes Perfect Sense for Netflix and Amazon to Buy Up Movie Theaters

2 More Reasons to Sell All Your Stocks and Run Away

2 More Reasons to Sell All Your Stocks and Run Away

Sean Hannity's Link to Trump Lawyer Raises Questions: Doug Kass Insider

Sean Hannity's Link to Trump Lawyer Raises Questions: Doug Kass Insider