Jim Cramer Shares His Thoughts On Ulta Salon, Lululemon

Jim Cramer said on CNBC's Mad Money that Ulta Salon, Cosmetics & Fragrance, Inc. ULTA is one of the few retailers that can be owned. He explained that its products are very important for the selfie, snap and Instagram generation. He is a buyer of Ulta Salon, Cosmetics & Fragrance.

Lululemon Athletica inc. LULU has a business model that can transcend the weakness of the brick and mortar business. He wants to buy Lululemon Athletica.