Cramer: If this doesn't close up, we're in trouble
As investors try to get a hold of the ever-changing market landscape, CNBC's Jim Cramer said Friday they should keep an eye on Ulta Salon Cosmetics (NASDAQ: ULTA)' stock amid the beauty retailer's latest earnings beat.
"This was an ideal stock that was up 8 points after it reported last night and now it's barely up 1 percent. This is your stock to watch, because this was magnificent," Cramer said on " Squawk on the Street ," referring to the earnings report and CEO Mary Dillon's conference call.
"If it can't close up, we really are in a little more of a sick market than we thought. This was textbook," Cramer added.
The company reported fiscal second-quarter earnings per share and revenue after the bell Thursday that were above Wall Street expectations. Its stock was higher midmorning Friday.
Disclosure: Cramer's trust did not own Ulta stock when this article was published.
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