Cramer Says 'The One Stock You Should Be Buying' Is Williams-Sonoma

Shares of Williams-Sonoma, Inc. (NYSE: WSM) spiked higher by nearly 4 percent Thursday morning after the company reported a better-than-expected first quarter print. The company's strong performance caught the attention of Jim Cramer who made the stock a focal point of his daily "Stop Trading" segment.

According to Cramer, Williams-Sonoma is "one stock you should be buying" after the company's CEO Laura Alber oversaw a "fantastic quarter." He added that it's clear the company is "very technologically oriented."

Despite Cramer's praise, shares of Williams-Sonoma heavily sold off after the opening bell. The CNBC host stated investors were making a "mistake" in selling stock as the company has "finally gotten it together," especially its West Elm brand that was "up gigantically" in the quarter. Meanwhile, the Pottery Barn brand showed an improvement from the prior quarter and showed "good numbers."

On the other hand, investors looking to buy another retailer following a heavy sell-off might be better off staying away.

Cramer also briefly commented on Abercrombie & Fitch Co. (NYSE: ANF)'s stock after the company reported a worse-than-expected first quarter print.

"Please stay away," he said after the stock plunged more than 15 percent. "There is nothing there."