NEW YORK (TheStreet) -- On CNBC's "Cramer's Mad Dash" segment, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said Restoration Hardware (RH) reported an "amazing, blowout quarter."
Despite the stock appreciating roughly 80% in the past year ahead of Friday's earnings release, Cramer said there were worries over the quarter because of broader weakness in the retail sector.
"This was a remarkable quarter. The stock goes higher," He concluded.
Sprouts Farmers Market (SFM) announced a secondary offering of 15 million shares at $33.75.
According to Cramer, investors have been leaving Whole Foods Market (WFM) and buying shares of SFM. You can see this in Whole Foods Market being nearly 25% off its 52-week highs, he pointed out.
But while Sprouts Farmers Market is a "very respectable company," Cramer prefers to be a buyer of Whole Foods. The stock does not deserve the recent selloff since this is a company with comparable-store sales growth of 5.5%.
Buy Whole Foods Market below $52, he said.
-- Written by Bret Kenwell in Petoskey, Mich.