Jim Cramer's Mad Dash: Ulta Salon Is Back and Bigger Than Ever

NEW YORK (TheStreet) -- Ulta Salon, Cosmetics and Fragrances (ULTA) "is back, it's bigger than ever," Jim Cramer said on CNBC's "Cramer's Mad Dash" segment. 

The stock jumped more than 20% Friday morning after the company beat Wall Street expectations for revenue and earnings.

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Cramer, the co-manager of the Action Alerts PLUS portfolio, said the company's 9.6% comparable-store sales growth and 22% revenue growth is very impressive. 

"This will be the growth stock -- again! -- in retail," Cramer exclaimed. 

Turning to Apple (AAPL) , Cramer said that developers appear excited for the new iPhone 6. However, while the Apple Watch has been slightly tougher for developers and coders to find "details and data" on, "it's going to be a big hit too," he concluded.

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At the time of publication, Cramer's Action Alerts PLUS owned shares of AAPL.

-- 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.

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