TheStreet.com TV Recap: Own These Apparel Stocks

Buy Jones Apparel (JNY Quote), Jim Cramer said on TheStreet.com TV's "Wall Street Confidential" Web video.

"I'm looking at the retail sales from January," Cramer explained. "A lot of the decks were cleared. ... Jones comes in very clean." He added that with very low inventories, a new contract with Wal-Mart (WMT Quote), a giant buyback and a pristine balance sheet, he recommends the stock at between $15 and $16. Next, he likes VF Corp. (VFC Quote), which owns The North Face brand, on a pullback below $80.

Going down the line, Cramer said he likes Phillips-Van Heusen (PVH Quote) with its low price-to-earnings ratio.

On the sell side, Cramer picked Liz Claiborne (LIZ Quote). "In the end, the company is not being very bullish. ... I'm reminded of Chico's (CHS Quote)." He said when a company tells him not to be bullish on its stock, he listens.