Restoration Hardware (RH - Get Report) is one of the few stocks enjoying Friday's trading session and so is Finisar (FNSR - Get Report) is another, its shares up 14% on better-than-expected earnings results.
The company topped earnings per share and revenue expectations because Finisar sees strong worldwide demand for telecom equipment components, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Stop Trading" segment.
This is a bright spot in a "sea of red" when as a majority of stocks are sinking in Friday's trading session, Cramer said.
The company's $341.3 million in sales is a record for its first-quarter results. The stock was upgraded by the analysts at MKM Partners, who raised the stock to buy from neutral. The analysts also assigned a price target of $35.