Jim Cramer Gives His Opinion On Ulta Beauty, Radian, Pattern Energy And AllianceBernstein

On CNBC's "Mad Money Lightning Round", Jim Cramer said that Ulta Beauty Inc ULTA got downgraded on Monday, but it traded higher. He sees that as a positive sign.

Radian Group Inc RDN is a very good company, thinks Cramer. He's a little bit nervous about housing contracts, so he would decrease a long position in the name.

Pattern Energy Group Inc PEGI has a nice dividend yield, said Cramer. He needs to do some research on the stock before he can make a recommendation.

Cramer thinks that AllianceBernstein Holding LP AB is a very inexpensive stock, despite the big move higher. He can't say if the dividend is sustainable, but he thinks that AllianceBernstein is a very good company.