Jim Cramer - Mad Money
Williams-Sonoma Inc.
WSM-N
BUY
Sep 13, 2023
Late-August they reported a strong quarter--margin growth and earnings and didn't touch their earnings forecast. It's maintained those gains is up 24% for the year. Is watching it, because they just delivered a partnership with Salesforce who will provided united data and AI tools. Likes it overall.
In the retail space. Seeing some tailwind from the housing growth in US and Canada. People are buying more stuff for their houses right now. There are more and more houses that are selling from supply coming to market and people want to buy things to fill it.
Don't fear a shutdown, but a slowdown due to the new Omicron variant. A winner according to the home-as-office thesis. It also enjoy a B2B kicker. It's cheapest stock in its group.
Down $36 from its high, one of the cheapest retailers around. And it could go lower. It's a quality stock worth buying for the long term. It reported a great quarter.
The home office is here to stay It transitioned the best among retailers, and shares have fallen from its high. Professional workers from home will furnish their home offices with furnishings bought from here.
The stock go ahead of itself after its quarter last week, but he didn't mind the quarter. It's a digital first company doing a lot of things right. A fine CEO. Cheap at 18x PE.
Late-August they reported a strong quarter--margin growth and earnings and didn't touch their earnings forecast. It's maintained those gains is up 24% for the year. Is watching it, because they just delivered a partnership with Salesforce who will provided united data and AI tools. Likes it overall.