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May 21, 2024
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marvin ellison, president, chairman, and ceo of lowe's. i love it when you come on the show. thank you so much. >> jim, great to be with you. for all of the people shopping in our stores, when you see an associate wearing a camouflage best, that reflects an associate that is either current or past military for certain -- service. shake their hand and thank them for their service. we have over 26,000 associates that are current or former military working for us, and we are proud to say they are members of our team and we are proud of the service that they gave to make this a great country but >> i can't wait to say thank you to them. marvin ellison, thank you for coming on mad money. >> always great to be with you. >>> coming up, no traction in tractors? cramer digs in to what has gone rotten with deere. next. (ella) fashion moves fast. setting trends is our business. we need to scale with customer demand... in real time. (jen) so we partner with verizon. their solution for us? a private 5g network. (ella) we now get more control of production, efficiencies, and greater agilit
marvin ellison, president, chairman, and ceo of lowe's. i love it when you come on the show. thank you so much. >> jim, great to be with you. for all of the people shopping in our stores, when you see an associate wearing a camouflage best, that reflects an associate that is either current or past military for certain -- service. shake their hand and thank them for their service. we have over 26,000 associates that are current or former military working for us, and we are proud to say...
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May 21, 2024
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. >> for more on the quarter, don't miss the interview with marvin ellison tonight on "mad money." >>> we stay on the consumer and one thing many cannot afford. diana olick has the latest on the high home prices. "worldwide exchange" is back after this. what is cirkul? cirkul is the fuel you need to take flight. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cirkul, available at walmart and drinkcirkul.com. [crowd chanting] they ignored your potential, dissed your achievements, and mocked your ambition. but it's not the critic who counts, and you know that. from the beginning, you couldn't be stopped. ♪♪ breaking resistance with every swing and block. ♪♪ your game plan never changed. ♪♪ so enjoy this moment. ♪♪ the one they said you'd never live to see. ♪♪ some would still call it luck. ♪♪ let them. because you know what it's always been. inevitable. ♪♪ ♪♪ >>> welcome back to "worldwide exchange." bad news for anyone in the market looking for a house. a lot of us would expect high home
. >> for more on the quarter, don't miss the interview with marvin ellison tonight on "mad money." >>> we stay on the consumer and one thing many cannot afford. diana olick has the latest on the high home prices. "worldwide exchange" is back after this. what is cirkul? cirkul is the fuel you need to take flight. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cirkul, available at walmart and...
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May 24, 2024
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marvin ellison said he hopes it will rebound the market is tough. >> our focus is primarily growth there are two players in that area lowe's and home depot. we love lowe's you know what is unique is a 26% payout ratio they increased the earnings 30% year over year home depot is not. the attractive valuation right now over the five-year pe. >> not concerned about the do it yourself opposed to contractors and builders >> some analysts say higher home prices should lift free cash flow over the next five years for $46 billion for lowe's you just mentioned the customer experience and we see that as positive. >> what are you seeing in johnson & johnson? we have talked about a.i. and healthcare is that why you are bullish on johnson & johnson? >> that is part of it. they have a reverse revenue base it helps keep them insulated for us, as a dividend growth, they hit all numbers their next generation of pipeline drugs are specialty which carries strong pricing power. they had strong numbers and growth year over year. fairly attractive valuation. >> i know it is about the dividends. matt powers, t
marvin ellison said he hopes it will rebound the market is tough. >> our focus is primarily growth there are two players in that area lowe's and home depot. we love lowe's you know what is unique is a 26% payout ratio they increased the earnings 30% year over year home depot is not. the attractive valuation right now over the five-year pe. >> not concerned about the do it yourself opposed to contractors and builders >> some analysts say higher home prices should lift free cash...
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May 22, 2024
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lowe's, we had marvin ellison, do-it-yourselfer not doing that much home depot was not a great quarter. they're catering to people who make toll homes. i'm saying that this may have been -- this may have been a quarter where we recognize there's a separation there's separation and walmart is really it shall t -- take a look at that stock price. >> citi points out we haven't yet hit the steep traffic comps, the declines we saw when they had some of the pride merchandise. >> yes now, look, i think target's -- is good, and by the way, their numbers, the sheer volume versus 2019, is terrific. but they seem to be late to the rollback i mean, they rolled back monday? walmart rolled back gigantically, and costco, by the way, because it's so important to be in their stores, they're calling them up and say, you guys are so far off the mark we're going to introduce kirkland signature corn flakes unless you come down, and nobody has that kind of power, except for costco there's just three, and the rest of them have to change their game target, which i love to shop at -- costco down. oh, come on.
lowe's, we had marvin ellison, do-it-yourselfer not doing that much home depot was not a great quarter. they're catering to people who make toll homes. i'm saying that this may have been -- this may have been a quarter where we recognize there's a separation there's separation and walmart is really it shall t -- take a look at that stock price. >> citi points out we haven't yet hit the steep traffic comps, the declines we saw when they had some of the pride merchandise. >> yes now,...
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May 21, 2024
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i spoke to ceo marvin ellison of lowe's, he said interest rates can go down, but then you still need consumer confidence to go up. he's talking about kind of the hard to measure things that people still feel price fatigue. even as we're seeing some relief with the numbers, the cpi numbers that doesn't mean people are seeing those grocery prices or housing prices or dining out prices go down. and so, yes, they think twice about making purchases. that's a reality with anyone selling discretionary goods. >> macy's, if i'm reading correctly is banking on a big turn around. the macy's brand will be much smaller, but more profitable, presumably? >> that is the hope. >> that's the idea. >> one of the things that macy's did today that was very interesting is it teased out the stores it's closing, which are the underperformers from the ones that are doing better. it is planning to close 150 -- about 150 stores. and it broke out how it's stores did at the stores that it will keep open and those did better. it also looked at the first 50 stores it invested in and talked about the strategies it'
i spoke to ceo marvin ellison of lowe's, he said interest rates can go down, but then you still need consumer confidence to go up. he's talking about kind of the hard to measure things that people still feel price fatigue. even as we're seeing some relief with the numbers, the cpi numbers that doesn't mean people are seeing those grocery prices or housing prices or dining out prices go down. and so, yes, they think twice about making purchases. that's a reality with anyone selling discretionary...
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May 21, 2024
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when you look at what marvin ellison from lowes is doing -- i have him on tonight. i would say we're in trouble, the contractors aren't doing well. well, they're not doing well on the home depot side of the street. maybe it's raining there. on this side of the street with lowe's, they're doing well. i have to tell you, i keep getting shot down from the thesis of the consumer not spending. yesterday i had norwegian cruise on. try getting on a cruise. by the way, you can get a $500 room in the middle and $1,000 outside. they're all sold out. where is this consumer weakness? >> the fact it's minus four comp at lowe's, you think that's good management. >> yes. absolutely. still better whan than what i expected. marvin has a terrific positive comp in pro which is incredible. the thing that you can say, listen, do it yourself is not that good, but we're in lawn and garden season. i have to plant this weekend or else i'm done. this is a really good quarter for lowe's. >> then you have macy's raising the guide a touch. barrons' piece, turn-around plan starting to pay off. >
when you look at what marvin ellison from lowes is doing -- i have him on tonight. i would say we're in trouble, the contractors aren't doing well. well, they're not doing well on the home depot side of the street. maybe it's raining there. on this side of the street with lowe's, they're doing well. i have to tell you, i keep getting shot down from the thesis of the consumer not spending. yesterday i had norwegian cruise on. try getting on a cruise. by the way, you can get a $500 room in the...
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May 24, 2024
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and you go back to what marvin ellison said, ted deckers said on the home depot call there's just a dearth of transactions, and that is what we need. we need transactions you won't get transactions until you have people who are losing their job. and right now, there's a job for you if you lose your job there is a job >> yeah. i will say, of all the desks that are looking for weaker prints, morgan stanley yesterday, one of their points is looking for leading indicators in rent do show deceleration deceleration in car insurance. core goods, cpi, running negative three-month annualized. >> what's happening with car insurance is that people are having accidents and not reporting them they're afraid their insurance will go up therefore, the insurance companies may not be able to continue we are seeing a belief, if you look at workday today, that companies are not growing and that's spilling over to salesforce, which i think is silly, because they're no longer in the same kind of -- it's a -- not a great analog but workday is about certain parts of business not growing. and that's the first i've
and you go back to what marvin ellison said, ted deckers said on the home depot call there's just a dearth of transactions, and that is what we need. we need transactions you won't get transactions until you have people who are losing their job. and right now, there's a job for you if you lose your job there is a job >> yeah. i will say, of all the desks that are looking for weaker prints, morgan stanley yesterday, one of their points is looking for leading indicators in rent do show...