Buy Jones Apparel (JNY) , Jim Cramer said on CNBC's "Stop Trading" segment Wednesday.

"

Jones CEO Wes Card has put it together," Cramer said. "Great quarter, big dividend, accelerated buyback, huge

Wal-Mart

(WMT) - Get Report

contract, $15!" He also said he likes

J. Crew

( JCG) and

Phillips-Van Heusen

(PVH) - Get Report

.

"I'm liking this tape," Cramer said of broader market action. "The institutions are free to mark up. ... Watch em rip."

Cramer said he liked earnings reports from several companies, including

Ingersoll Rand

(IR) - Get Report

, which he praised for getting away from cyclically sensitive business. The stock is "still down huge," he said, but "the company is now smoking." He said he liked Ingersoll's climate control business.

Cramer was less bullish on

Kraft

( KFT), although the company has weathered consumer headwinds. He prefers

General Mills

(GIS) - Get Report

, he said.

"I have to tell you that we are in the throes of an earnings renaissance," Cramer said. He pointed out bullish action in shares of

Cummins

(CMI) - Get Report

. "Where is the recession by the way?" he said.

"

JPMorgan

(JPM) - Get Report

and

Goldman Sachs

(GS) - Get Report

continue to go higher," Cramer pointed out. "They make a lot of money ... for their shareholders," he said of the companies' CEOs.

Cramer wondered why

Wachovia

(WB) - Get Report

wasn't trading lower on news of new charge-offs.

At the time of publication, Cramer was long Goldman Sachs.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click

here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click

here to order his book, "Real Money: Sane Investing in an Insane World," click

here to get his second book, "You Got Screwed!" and click

here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by

clicking here.

TheStreet.com has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from TheStreet.com.