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' 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.