Cramer -- Williams-Sonoma's Business Remains Strong so Buy, Buy, Buy

NEW YORK (TheStreet) -- Greek debt worries are weighing heavily on U.S. stocks so TheStreet's Jim Cramer, co-portfolio manager of the Action Alerts PLUS portfolio, is on the lookout for stocks that have absolutely nothing to do with the struggling nation. 

Williams-Sonoma (WSM) fits the bill, he said. The stock may be down a fraction on Monday but it shouldn't be impacted by worries over Greece, Cramer said on CNBC's "Stop Trading" segment.

The company's previous earnings report was strong, beating on both earnings per share and revenue expectations. Had it not been for the port strikes in California, comparable-store sales would have risen 7%, Cramer said. 

WSM Chart
Williams-Sonoma WSM data by YCharts

Williams-Sonoma was also mentioned very positively in a report issued by analysts at Wedbush Securities who upgraded shares of Lowe's (LOW) on Monday.

Investors shouldn't worry about the promotions at Williams-Sonoma either. Cramer made the case that it's part of the company's strategy to increase sales and it's already built into the stock price.

At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.

More from Opinion

7 Takeaways From Google's $550-Million Investment in Alibaba Rival JD.com

7 Takeaways From Google's $550-Million Investment in Alibaba Rival JD.com

It's Just Not Smart For Investors to Ignore the Threat of a Trade War

It's Just Not Smart For Investors to Ignore the Threat of a Trade War

To Think a Trade War's Still Just a Threat Is the Dumbest Thing on Wall Street

To Think a Trade War's Still Just a Threat Is the Dumbest Thing on Wall Street

Flashback Friday in Politics: Trade Wars, Manafort, Immigration Dominate Minds

Flashback Friday in Politics: Trade Wars, Manafort, Immigration Dominate Minds

Microsoft and Sony's Rumored Game Console Plans Bode Well for AMD

Microsoft and Sony's Rumored Game Console Plans Bode Well for AMD