Jim Cramer: Start believing in the Gap turnaround, but avoid this falling tech stock

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Jim Cramer: Start believing in the Gap turnaround, but avoid this falling tech stock
Palo Alto Networks IncZscaler IncUlta Beauty Inc
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CNBC's Jim Cramer on Friday offered his thoughts on the latest earnings reports from companies including Gap, Dell and MongoDB.

Jim Cramer 's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Dell Technologies : Shares tumbled more than 21% after the server and PC maker's earnings failed to meet Wall Street's sky-high expectations, particularly due to margin pressures. "I think Dell is absolutely fine. The stock got way ahead of itself," Jim Cramer said.

" Richard Dickson, second time in a row he's done well. People better start believing," Cramer said, noting that prior to earnings the stock had largely been under pressure since late March. "All four divisions up." Ulta Beauty : The stock gave up earlier gains and dropped about 0.6% despite a slightly better-than-expected earnings report.

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