Jim Cramer: The Market Has a Hate Affair With Growth

The market has a hate affair with growth, according to TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer. " (ULTA) - Get Report is an example of what I don't like about this market," Cramer says. "This market doesn't like growth stories anymore, it likes Caterpillar (CAT) - Get Report ." Cramer says the hate affair with growth is palpable and is chiefly on the Nasdaq. Ulta Salon, Cosmetics & Fragrance reported better-than-expected earnings for its most recent quarter. Cramer spoke earlier from the floor of the New York Stock Exchange.