NEW YORK (TheStreet) -- Stocks are jumping higher on Friday morning, with the S&P 500 up 1.2% on the day, following an in-line jobs report for the month of April. However, Tableau Software's (DATA) gains are an order of magnitude more impressive, with the stock up a robust 13%.
This is the "highest growth company I follow," TheStreet's Jim Cramer said on CNBC's "Mad Dash" segment.
The company reported a "magnificent quarter," added Cramer, the portfolio manager of the Action Alerts PLUS portfolio. It beat on EPS and revenue expectations, growing sales 74.6% year-over-year. Management also guided for better-than-expected revenue results for next quarter and full-year 2015.
"This thing goes higher," he said of Tableau Software, which went public just two years ago, in May 2013.
But technology companies don't have to be newcomers to justify high-jumping stock prices: Shares of AOL (AOL) rallied more than 11% Friday morning after its top and bottom line earnings beat.
CEO Tim Armstrong "delivers," Cramer said, adding that the company reported what he considers a "breakout quarter."
AOL and Google (GOOGL) seem like the only companies that can make money with programmatic advertisements, he added. Cramer expects AOL to ultimately wind up buying back more stock in the future.