CNBC’s Jim Cramer reviewed earnings this week from Home Depot, Lowe’s, TJX, Target and Walmart, suggesting major retailers’ reports so far this season have been a mixed bag.

“With all the handwringing about the state of the consumer, this was not looking like a great week for retail until this morning, when Walmart…it shot the lights out,” he said. “For now, just know that you’ve got to be selective when you’re picking retail stocks in this environment. Not a lot of them are working.”

Cramer wasn’t too impressed with results from home improvement retailers Home Depot and Lowe’s, although he said the latter did comparatively better than the former. Home Depot’s earnings came in softer than expected, and the company cut its full-year outlook — citing slower consumer spending and a weaker housing market. Cramer maintained that Home Depot can still be a good stock to own, as it will be a major beneficiary of lower rate cuts from the Federal Reserve. Cramer noted that Lowe’s managed to post a top and bottom line beat amid an uncertain economic environment. The company also raised its full-year sales forecast, even though it lowered its full-year profit outlook slightly.

Target’s quarter disappointed Wall Street, Cramer continued, as it reported a revenue miss and slashed the high end of its earnings guidance. He pointed out that the company’s traffic was down, and that management reported “continued softness across the broader discretionary portfolio.” Meanwhile, Target peer Walmart beat the estimates and raised its full-year forecast as the big box retailer managed to attract more shoppers across different income levels.

TJX, which owns brands including TJ Maxx, Marshalls and HomeGoods, delivered a strong quarter, Cramer said. He suggested the off-price chain is “playing a different game than regular retailers” because it buys excess merchandise from other companies for cheap — so it thrives when the broader industry is having trouble moving product.

“In a complete contrast to Target, the company saw improvement in both the number of transactions and the average transaction amount,” Cramer said of TJX.