Cramer Gives His Opinion On e.l.f. Beauty And GNC

On CNBC's Mad Money, Jim Cramer said he likes e.l.f. Beauty, Inc. ELF and that it's pretty exciting. It jumped 55.88 percent in its first trading session on Thursday. He suggested to his viewer to listen to J C Penney's conference call to hear what Marvin Ellison said about make up business.

Cramer doesn't want to recommend GNC Holdings Inc GNC as a buy because he would be doing that just on a takeover basis. He believes that fundamentals are not good enough to recommend the stock as a buy.