Time For A Change
TheStreet’s Action Alerts PLUS Portfolio Manager Jim Cramer isn’t too fond of Williams-Sonoma (WSM), which posted disappointing fiscal fourth quarter results on Wednesday and weaker than expected first quarter guidance.
‘A stock that I have been so negative on justifies the negativity – which is Williams-Sonoma,’ Cramer said. ‘The company has to stop making excuses.’ Cramer said he prefers swapping out Williams-Sonoma for TJX Companies (TJX) and Urban Outfitters (URBN).
Shares of Williams-Sonoma lost 5.3 percent since the start of the year, while TJX Companies and Urban Outfitters gained 8.2 percent and 42 percent, respectively, during the same period.
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