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Jim Cramer's Mad Dash: Shares of DSW Can March Higher

Tickers in this article: DSW GTAT

NEW YORK (TheStreet) -- Shares of DSW are up almost 10% following the footwear retailer's top- and bottom-line earnings beat.

"This was a terrific quarter!" TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Cramer's Mad Dash" segment.

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Earlier in the year, shares of DSW got "hammered" down to the low $20s, Cramer explained, making it a great buy and a potential buyout candidate at the time.

Now the company is making a comeback as comparable-store sales results are improving. The stock provides a lot of value and is underrated, Cramer said, adding, "I think it goes higher."

Turning to GT Advanced Technologies , Cramer called it a "speculative play," but added that if its sapphire technology is in Apple's new iPhone 6 screen, the stock could perform quite well.

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-- Written by Bret Kenwell in Petoskey, Mich.

Follow @BretKenwell