Cramer thinks the U.S. consumer might be bouncing back and to play it, he suggests looking at apparel maker Phillips-Van Heusen.
Based in New York City, Phillips-Van Heusen is the fourth largest apparel company. It designs many renown brands, including ARROW, Calvin Klein, Sean John, Kenneth Cole New York and Tommy Hilfiger, among others. Phillips-Van Heusen is also the largest shirt and tie company in the U.S. In any given U.S. department store, more than one-third of all shirts and more than half of all ties are made my Phillips-Van Heusen.
On Monday, the clothing maker reported a strong quarter with earnings at 93 cents a share for an 11 cent beat on strong-than-anticipated sales. It also gave upside guidance for 2012.
Shares of Phillips-Van Heusen are down 10.5 percent since Cramer last spoke with its CEO at end November when the stock was trading at $67.53. It has, however, posted a 56 percent gain since the "Mad Money" host first got behind it on January 28, 2008 when the stock was trading at $38.88 a share. The S&P 500 meanwhile is down more than 2 percent over the same time period.
With PVH shares currently trading at 13 times forward earnings with a 14 percent long-term growth rate, Cramer thinks this stock is a bargain. To get a better handle on whether this stock is worth a buy, Cramer invited CEO Emanuel Chirico onto "Mad Money." Watch the video to see the full conversation.
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