TheStreet’s Jim Cramer says the market may have a new “best in show” winner in Williams-Sonoma. The retailer reported double-digit same store sales, has a 50/50 digital to brick-and-mortar ratio, and has a great catalog and website business that drives consumers to its stores. Cramer thinks the stock can go much higher and it is selling at just 19 times earnings. Cramer says he would buy the stock up to $70. Cramer says investors are too negative on Best Buy and aren’t reading all the way through its quarterly report. Cramer thinks the electronics retailer is getting better after its renaissance hit a wall recently with excessive reliance on cell phones. Though Best Buy is in a very challenged category, Cramer says he would no longer short the stock.
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