Jim Cramer Is Focused on These 15 Stocks This Week

9. Williams-Sonoma, Inc. (NYSE:WSM)

Cramer commended Williams-Sonoma, Inc. (NYSE:WSM) and its CEO, saying:

“Wall Street’s sweating this Williams-Sonoma quarter because the hard goods stock seem to have stalled here, with that pickup in rates that we just had, at 16 times earnings, stock down 44 points from its high. I think it can work. Really excellent company, terrific CEO. Can catch on fire if the world believes that the Fed is gonna continue with cutting rates.”

Williams-Sonoma (NYSE:WSM) is an omni-channel specialty retailer offering a wide range of home products, including cookware, furniture, bedding, lighting, and home decor. The company adjusted its revenue forecast for the full year and it is expected to decline by 1.5% to 4%, which reflects ongoing challenges in the home furnishings sector.

Despite this, the company raised its operating margin guidance to a range of 18% to 18.4%, indicating the company’s ability to manage its operations effectively during a challenging market period. As of the end of the second quarter, it maintained a strong cash position, with $1.3 billion in cash and an operating cash flow of $246 million.

During Williams-Sonoma’s (NYSE:WSM) last earnings call, management emphasized the company’s strong performance in preparation for the holiday season, noting that its seasonal product lineup had already seen strong early demand. The company highlighted its unique offering for seasonal decor for holidays like Halloween, Thanksgiving, Christmas, and Hanukkah, which sets it apart from competitors in the market.