With oil prices above $110, there's a surprising sector that's shining for Mad Money host Jim Cramer: Home furnishings retailers.
"One of the things that should be taking a hit when gasoline's at $4 is the home furnishing business," Cramer said on Friday's Stop Trading! "People aren't selling their homes, they're making their homes nicer, doing not necessarily home improvement, but home furnishings step-up and it's a real theme that's working."
Some of the companies that are benefitting from this are Williams-Sonoma and Tempur-pedic.
"I don't like this market in particular...however, I would point out that there are some sectors that should be headed down that aren't," Cramer said, and home furnishings is one of them.
Not all home furnishings retailers are a good buy, though. Cramer said he doesn't like Target as an investment right now, saying it's no longer a "great alternative to Wal-Mart" like it used to be.
"On any rally I think Target has become like Wal-Mart ," Cramer said. "I really don't want to own it, it's dead money."
Another play Cramer said he likes based on rising oil costs is National Oilwell Varco.
"Demand destruction is going to start weighing on oil companies, and everyone knows there is a shortage of drilling equipment, and during this incredible period where oil's going up, National Oilwell Varco really and truly became the only game in town and their order book is going to be good," Cramer said.
Varco was one of the worst performing stocks when oil was going down, but the order book is better than it was then, Cramer said.
"This has become once again an amazing hedgefund darling," Cramer said. "I like the stock even as I do fear like many others demand destruction."
Call Cramer: 1-800-743-CNBC
Questions for Cramer? email@example.com
Questions, comments, suggestions for the Mad Money website? firstname.lastname@example.org