Caution: Cramer's Retail Picks

Hope you didn't follow Cramer's advice on his 3 retail picks below from last week...

All 3 are down since the day Cramer recommended buying these stocks: RL is down -0.76%, TGT is down -6.58% and JWN is down -14.00%.

Cramer says to buy retailers - RL, JWN, TGT

Cramer was pumping retail stocks on the 10/29 mad money show. In particular he likes Polo (RL), Nordstrom (JWN), and Target (TGT). His rationale for buying retailers now is two-fold: the upcoming (and assumed) rate-cut by the fed, and the turn in the weather. Both RL and JWN are near their 52-week lows, by the way, at $69.25 and $39.07, respectively. TGT sits right in the middle of its 52-week range at $62.49.

He said if you only buy one, buy TGT. He thinks they're about to sell their credit card business, and that it could be worth as much as $6 billion.