Did you miss "Mad Money" on CNBC? If so, here are some of Jim Cramer's top takeaways.
When a stock surges on bad news, investors need to pay attention, Cramer reminded viewers, as he took a fresh look at an old friend that fell out of favor last year, Ulta Beauty (ULTA) .
Ulta was beloved on Wall Street, surging 1,566% from $5 to $314 a share. That was until 2016, when the company's same-store sales slowed from 16.6% to just 10.3% by 2017. That, along with declining gross margins, was enough to send momentum investors heading for the hills.
But on Thursday, Ulta posted lighter-than-expected revenues with in-line same-store sales, and the stock surged from $206 to $221 a share. Cramer said that's a classic tell that the weak hands have left the stock and it's poised for a recovery.
Ulta is more than just a valuation story, however. The company continues to make operational improvements and just announced a well-timed $625 million share buyback, which equates to 5% of the company's market cap.
Over on Real Money, Cramer breaks down, in detail, the business dynamics of Facebook (FB) Amazon (AMZN) , Apple (AAPL) , Netflix (NFLX) , NVIDIA (NVDA) , and Alphabet (GOOGL) . Get more of Cramer's insights with a free trial subscription to Real Money.
Cramer and the AAP team take a close look at the Fed's dot chart that provides clues into its sentiment on future rate hikes. Find out what they're telling their investment club members and get in on the conversation with a free trial subscription to Action Alerts PLUS.
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