andi would also a say with tjx, you know, they have a footprint in europe.re, you know, in terms of their growth is over the past 10 years, it's really starting to accelerate particularly in the u.k. as that consumer's discovering exactly what we all know in the u.s. which is, as you said, you walk in that store and you walk out with baskets full of things that you may or may not need. liz: yeah. it's the treasure hunt, and they get me with the gel wily beans at the -- jelly beans right when you're about to pavement oh, i need nine of those packets -- >> exactly. and some moisturizer. liz: urban outfitter s is doing really well. t not a discount name. neither is stitchfix. ebay out after the bell. what's the tate to have the consumer as -- state of the consumer as a you see him and her? >> well, the consumer is healthy, and you' that by traffic that's still growing. walmart talked about discretionary's a little less bad. we've heard from home depot and lowe 's today. obviously, big ticket stuff is still under pressure. we're going hear from best buy this wee

this is the arc of tjx.ally, numbers come out, and you see the earnings per share, and you see the revs, and they're terrific, much better than expected, and then you see the forecast. the stock goes from $100 to $102, than back to $100.50. under $100, goes to $99, and tomorrow, everyone raises their price targets, goes to $103. you don't need anything. i just gave it to you and i gave it to you without jensen or mini-jensen. >> we had a very strong finish to 2023. this is a quote from the company during the -- "and start the new year in a position of strength with the first quarter off to a good start." their guidance for the first quarter eps, 84 to 86 cents. street's -- >> that's -- look, if you look at lowe's, everyone said it was a disappointment. that's all generated by, you know, a.i. now, the stock's up very big. hd, lot of people say, that's disappointing. up big. if you actually listen to the conference call, you would have known they're doing better than we thought. this one too. conference call a

tjx can flex. they expand the beauty category with skin care. >> i want to ask about something else. in the retail world, you call it hard lines. we had the whirlpool ceo on yesterday on cnbc. he talked about housing impacting consumer spending. take a listen. >> we are strongly growing which is a result of what we talked about with covid and post-covid usage higher. replacement is strong and it remains strong for a couple of years. it is the discretionary side with consumer sentiment ever since the mortgage rates increased. >> interest rates are impacting the discretionary spend. in your mind, when we get the fed cuts, what makes a big change with the retail sector? >> the way we look at it in simple terms is it we are moving houses, we need big ticket items. if you are not moving houses, we stay safe. you hear from home depot and we will hear it from lowe's as well. do it yourself. if it is a big project, that project is put on hold. what i like about home depot and lowe's and broader retail stra

autozone tjx, otis, mastercard, home depot, costco, general electric, disney had a 52-week high. don't tell anyone. if these are the stocks that are leading the market, and they are, by the way. apple is making lows. it's not leaving the market. rsi is 37, not even in the game. alphabet, somehow, looks worse. tesla, -19%. those are not the leaders. these new companies that we are talking about, not really new, new to the conversation, they are not part of max seven, whatever. they are going up, and from my perspective, that is the more important message, and by the way, look at equal weight nasdaq. technology, writ large, it looks amazing. look at equal weight s&p. it's licking -- making higher highs. it may not be video strength, but that's what you want to see. yes, there are a few thousand stocks that are really that important that don't look great right now. there is no real cause for alarm. i want to leave you with something. jc perez had this out this morning. this is the bottom line for me. there are no new lows. right now, 13% of the s&p 500 making new highs, that's great

i think the next rocket ship will be tjx the retailer behind tj max and marshalls. you would not have known because they're reporting a weak. the availability of high quality merchandise that they buy at insane discounts from crash strapped companies. availability of branded merchandise tonights to be incredible quote. at the end of the day there's more goods out there than we can handle, end quote. the closure of 150 macy's locations that we learned the other day will be a bonanza for tjx still one more reason why we still own this one for the trust. there's a lot of excess merchandise in the macy's deal. they're going to be great. here's the bottom line. i have no illusions about this issue. the misdirection will continue. but my job is to entertain, educate and help you make money. the best way to do that right now is to do the home work. listen to the conference calls and shoot against the writers. they're in such a hurry they can't get it right. but you can take the time to make the best well informed and hopefully most lucrative investment decision. clark and

zoom and uber is that profitability finally appears that's been missing for several years. >> stef, tjx up 22% last year. so it kind of lagged but i like it. i think they are benefitting from the excess inventory in the overall retail segment they actually raised their same-store sales last year, from that 2% to 3% level. i like that it has home goods and exposure, because i like housing for the full year. and gross margin has improved, as well. it reminds me of a mcdonald's, but it's a steady eddie, and you'll see increase in operating leverage >> you're underweight exposure, which is under changed you sold stryker you sold zoetis, you bought dexame dextcom. >> there's not very much there in terms of health care. so stryker and zoetis was nothing more than the opportunity to recognize some near-term momentum, which was done in stryker in july, purchased the stock. we sold it out at 335, and bought it at like 283. the same thing for zoetis. at the end of october, purchased it, selg that out. again, a profit. but there's really no clear momentum in health care to speak of >> even with st

maria: earnings from tjx crossing moments ago.l: stock took a downdraft on these numbers became in lining with earnings per share estimates. revenue, 16.4. stock was up going get into this, now it is down. the forecast of 2% to 3%, having a big stock buyback and q1 guidance wasn't so jazzy. t.j. maxx and local business. another headline this morning for you. kamala harris says the biden administration will start paying college students to register voters this election season. made the announcement at the white house. >> we have, under the federal work study program, now allow students to get paid through federal work study to register people and to be nonpartisan poll workers. this is important for a number of reasons, to engage our young leaders in this process, and activate them in terms of their ability to strengthen our community. >> the department of education released a memo saying federal worksite funds may be used by federal, or public agency for public engagement work that's not associated with a particular interest. 58%

lowe's, tjx, dollar tree. check out walmart.ight notice a new price as the split is effective at 58.70 coming off the big interview with mcmillon and jim just a few days ago. >> thank you. >> despite ever corp's underperform. >> you can't do this. these guys are doing the best i've seen versus the others. hats off to doug mcmillon. gave workers more money, but he's incentivized managers, 200% if they make it. >> with a stock a little more affordable. ldg ul walton, like a bookings hoinwod look at that. >> stop trading with jim is up next. dow up 100. what do you know about rock stars? billy idol? i mean where's the skin-tight leather? my shoes are leather. where's the unnecessary zippers? that thing! billy, rock star is just how doug feels when he uses workday. thanks, rory. i'll show you rock star! be a finance and hr rock star. workday. for a changing world. billy idol just stole your golf cart! a force to be reckon with. no, not you saquon. hm? you! your business bank account with quickbooks money, now earns 5% apy. 5% apy? t

but i'm staying long tjx. >> dan?ng market profit cycles picking up speed and not pricing in, so, i think that's a great buy here. >> gatreat to have you tonight. >> i worked at shake shack, melms. happy anniversary to harvey schwartz. look at what carlisle's done over the last few months. he's gotten his arms around the group. cg. >> surrounded it. >> thank you for watchin"ft ne".g as don't go anywhere. "mad money" >>> my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market some where and i promise to help you find it. mad money starts, now. >>> hey, i'm kramer. welcome to mad money. welcome my friends i'm just trying to make you a little money. my job is not just to understand but to teach you. call me, tweet me at jim kramer. right now it is time to retire the term beaten raise. it j

we'll see tjx in about two weeks. long tjx. >> courtney?nergy in your portfolio. >> steve? >> marathon digital. it's the beta for bitcoin, but bites both ways, up and down. >> thank you for watching "fast money." see you backere moow htorr for more "fast." >>> my mission is simple. to make you money. i'm here to level the playing field for all investors. i promise to help you find it. "mad money" starts now . >> i'm kramer. welcome to mad money. trying to make you a little money. my job is not just to entertain but explain. call me. read me. maybe what we need to do here is have a patented

percent yesterday home depot was down three-quarters of a percent more on deck next week with target, tjx tree macy's joining me ceo of storch advisers former ceo of toys "r" us former vice chairman of target great to see you this morning. thanks so much for being here. >> great to be here. >> a lot of earnings numbers, require peeling back the onion actually understanding what took place, i know right now, while many headlines look good you are skeptical that actually the consumer is as strong as many make the consumer out to be tell us more. >> well i think a mixed bag i am not surprised walmart did well, i expected it told you that was going to happen, last month, why? because consumer is very stretched, in tough times they go to walmart you saw that happening yet again keep in mind as good as that number was they are doing great. with 4% same-store sales gain worse than prior quarter 4.9 worse than, over 5% preceding quarters, good news for companies that do well with strong consumer but not so good elsewhere, look. it is very important to put numbers in context when you look at raw d

tjx companies hitting highs after reporting a strong quarter this morning.g of a softer year ahead not slowing down shares too much. newmont mining hitting a new 52 week low. still feeling the fall of a messy quarter and the ceo of the world's largest gold miner said the stock price is the lowest it will be for a generation as it tries to consolidate its assets. coming up jason chapman, he joins bloomberg technology coming up next. that does it for us, this is bloomberg. ♪ when i was your age, we never had anything like this. what? wifi? wifi that works all over the house, even the basement. the basement. so i can finally throw that party... and invite shannon barnes. dream do come true. xfinity gives you reliable wifi with wall-to-wall coverage on all your devices, even when everyone is online. maybe we'll even get married one day. i wonder what i will be doing? probably still living here with mom and dad. fast reliable speeds right where you need them. that's wall-to-wall wifi on the xfinity 10g network. >> from the heart of where innovation, money and pow

earnings season grinding on with big retailers from macy's to tjx taking the stage in addition to names such as zooms -- zoom and salesforce. commercial real estate contagion. real estate roundtable ceo says it'll take more than lower interest rates to stunt the distress. i'm katie greifeld in new york. take a look at these markets right now and it is pretty quiet across the board. i guess you can call that gains but still very muted compared to what we have gotten used to. the s&p 500 up by less than a 10th of a percent. this to the downside, but pretty much unchanged on your big tech index. retailers up this week. we will see how these numbers change. let's take a quick look at the bond market, taking a look at 10 year yields, currently higher by about a basis or two. let's start with one of the big stories. berkshire hathaway after warren buffett's conglomerate said there cash pile hit a new record. the company also racing into a $1 trillion market cap. joining us for more is sally bakewell and it sounds like they have a lot of cash but not a lot to potentially buy here. sally: this

we are waiting retailer news from tjx tomorrow and best buy thursday.ld you assess the earnings period here. what does this say in your view about the consumer? >> earnings have been pretty good, pretty strong but how much capacity does the consumer have to spend. we see these people spending, recklessly spending, suicide spending, going down in a ball of flames but if we see inflation is still a problem, if we see these numbers thursday come out and inflation is still an issue, 7 rate cuts earlier in the year and if we see inflation is still a problem thursday. down to one rate cut by the end of the year. the record high student loans kicking back in october. how much capacity they have, people spending less everywhere. if it is down half of one%, average in-store purchase and these projects will be tabled, people buying houses so the consumer might be tapped out. i heard folks at whirlpool say in 2026 things will turn around. that's the question. we want to see the trend of decreasing sales released in the next 6 quarters. maria: i agree the consumer

of course, ulta and tjx are continuing to win share.of the stock, the traffic is still growing. the quarters will reflect upside there. >> all right. stacey widlitz with the state of play on retail. thank you. see you soon. >> thank you, dom. >>> to washington, d.c. and the biden administration formally announcing the latest wave of cash to help expand semiconductor production in the u.s. naming global foundry as the $52 billion chips act. megan cassella is joining us now with more. good morning. >> reporter: good morning, dom. the biden administration is doling out $3 billion in the combination of both loans and grants to global foundrys. it say boost that officials say triples the production in the northeast. this is the largest chips act award that is going out so far. the total investment is expected to be $12.5 billion in spending as the company builds out the existing facility in vermont and builds a new facility in new york. the focus of what they are building is legacy chips. they have a partnership with gm and they will focus o

results from hp, best buy, tjx, salesforce and zoom and macy's.e with the latest clues on the inflation fight. we will watch that closely. ahead of all this, let's see how the new trading week is shaping up. dow and s&p coming off all-time highs from friday's sessions. futures are mixed. nasdaq in the green as the dow and s&p are down in the red. for more, let's bring in victoria greene. >> good morning, frank. >> what do you see in the pre market? the dow and s&p finished at highs last week. interestingly enough, the nasdaq hit a high and then closed lower. what do you makeo over in the pre-market? >> i think the second half of february is weak. you could see a pull back because everything has been hot recently. nothing could lose last week on the heels of nvidia. you have a few more earnings on the hardware side. you may see pc coming in hot. generally speaking, this rally is great. historically speaking, the back half of february is lighter. we could see a little bit of a pullback this week if we don't see the earnings numbers justify. some of

you have been shoveling stuff in the general sector, selling tjx and mcdonald's, and adding to home depot. >> i think they are both good companies i think they are both at fair value. mcdonald's up 90% from the october lows with tough comparisons coming forward in this year. they did so well last year and had pricing power last year. that will be challenging for them. nothing wrong with the company but at 24 times forward estimates, full. same with tj, ve i continue to like housing and like that theme for 2024. nahb numbers that are encouraging as i think homes will start to improve and homebuilders in general. >> when homes improve, you need home improvement retailers. thank you both and we will see you in markets let's have a look at the biggest names moving into the close. >>> shake shack share prices are not the only thing moving as the burger chain expect to grow total revenues by 11% to 50% in 2024. shares are up 25%. contrast that to wendy's with a higher average spin rate but saw customer traffic declined in the latest quarter and sales went to miss expectations. shares of twilio

lowe's down a percent each down fractionally down much more earlier this morning, we will hear from tjxtomorrow bust buy thursday joining us to talk macrostory the consumer is if he had raetd helms senior portfolio manager, steve here great to see you. thank you so much for being here how would you access retail he earnings how do you look at the request consumer. >> two o consumers higher end the chao higher end had real estate values relatively stable, they've been soon interest on cash move up significantly financial assets up doing okay the lowernd consumer has very, very different experience though, rents up a bit that hurts. they don't have cash they are in debt look at credit card interest rate, what we're seeing defaults there, so far, has been limited to the lower end consumers allowed retail spending to be okay but there are some signs sf exhaustion so we are watching that otherwise, a great earnings season i think next couple weeks with consumer will be tough. >> are you surprised you haven't seen big impacting from 11 rate hikes a lot of people expecting a recession by now.

. >>> on deck next week we get target, tjx and lowe's. we've got macy's, dollar tree, best buy.ming on the heels of walmart and of course of the home depot numbers, kevin. what are you expecting? >> sure. i'll just add onto mark's comments very quickly here. those who thought earlier in the week that the a.i. boom may be slowing, think again. i believe it's accelerating at this point and a.i. and other companies within that a.i. ecosystem stand to benefit for years to come, whether it's in data center, software, hardware, or of course in semiconductor and chips. as we talk about retail earnings, incredibly important. the consumer accounts tore 70% of gdp in our country. we saw some initial glimpses into the state of the consumer with walmart and home depot, home depot beating on revenue and earnings, providing some downgraded forward looking guidance and walmart knocking the cover off their own ball in terms of earnings and revenues and announcing the acquisition of vizio. i'm interested to see what target reports and what lowe's reports to see if earnings continue to beat all t

story, yet people traded like it is crazy out the initial news coverage, please listen before you act, tjx often gives you great buying opportunities, getting hit on good results after surging at the beginning, just wait for a better entry point, was going to happen wednesday morning is to crazy. i will be there with you 9:00 but probably too late.>>> after the close, to my favorite companies report, salesforce and the terrific snowflake, which i would be happy to own if i did have some he tech stocks already, three successive positive analyst reports about salesforce this week. and 24 years ago, not considering but these pieces that were so bullish, they would make me nervous, because the stock might come into hot but even at this point, meeting with buyers by friday wednesday, and how about this snowflake very expensive last season but creating a company that allows you to rent the cloud and find out if you need all of that high-powered ai stuff. a fantastic value proposition. i'm expecting a good quarter from frank and snowflake >>> a great deal about a number coming up thursday, the pe

i tombly sold mcdonald's and tjx so i had cash so i could buy more of this because those comparisons for those two companies get really challenging throughout 2024. >> did you miss the -- in the latest rebalance -- walmart, the momentum that seems to be back in walmart shares? the stock hits a new high on the back of pretty good earnings. it's a standout today up 3%. i'm just looking at the range in shares from 136 over the last year to 181. that's not that far away from that either. it did hit it earlier today. >> so you create factor scores when you're comprising an index, and walmart was very close to meeting the threshold to be added to the index. certainly after a day like today you look at it and, yes, it looks even more appealing. we already own costco in the index, and i would say that, speaking quickly towards home depot, it was, i think, the intraday price is very resilient, number one. i think the ceo ted decker is doing a fantastic job implementing the cost efficiency. and i think when you look at walmart, when you look at costco, when you look at home depot, resilient co

we'll hear from retailers tjx and best buy later this week. me is managing partner ted oakley. thanks for being here this morning. what is your reaction to the earnings season so far? >> well, it's been mixed, maria. i think one of the things that's coming out on it is that some of these companies are saying you know, we did okay but i'm not certain about the first quarter. and i think you're starting to see some of that as well. maria: do you think that the economy is going to see growth? we're waiting on the gdp tomorrow, of course, the federal reserve is watching interest rates as well as the inflation levels and the 10 year treasury this morning is looking like this. 4.2% or so as 10 10 federal rese officials are expected to speak this week. kansas city federa president said there's no rush to cut rates right now, he remains focused on inflation. the yield is down 1 and-a-half f basis points. the pce index is out on thursday. >> maria, i think chairman powell threw them a lollipop in october and got everybody thinking it was all going to b

- whether or not it's going to pose a threat to other discounters like walmart, target, burlington, tjxt depends on whether or not americans really want to shop like a billionaire. if they are going to keep returning to this app, how good the items are. we kind of have seen flashes in the pan like this before with wish, the online dollar store, their stock is down about 75% since it ipo-ed at a $14 billion valuation. too early to tell, but lawmakers, good luck trying to reign them in. >> they could close the loopholes in the amount of goods that are shipped into the u.s. would taxes, right? >> temu is like shein, they are benefitting from the exceptions. they are shipping directly from the sffactories, making them avd scrutiny from u.s. officials. as long as the packages are valued under $800, which most of the things from temu is. they are not going to get screened the same way. and lawmakers are concerned about forced labor and temu's supply chain. they are getting in without getting caught. lawmakers said it all but guaranteed that any item coming into the u.s. is made with slave lab

this week we're focused on retail, we've got tjx, best buy, macy's reporting this week.o you expect a look into what the consumer is doing and will that inform you in terms of the macro story. >> yeah. i think it's really important as we see these several retail earnings this week that we try to figure out is -- number one, is the consumer strong but is this really the higher end consumer or is the lower end consumer staying strong as well. i'm more concerned about the lower end consumer. t.j. maxx is not necessarily a lower end consumer store by any means but it is a your off-price retailer that i think will give us a little bit of a clearer look as to whether or not consumers are kind of trading down, are they shopping for value, are they shopping for discounts. but we know overall, maria, that we've been in a kind of a goods recession for several quarters now, consumers are tending to spend more money on services right now than goods. so we'll see how those things kind of go but one of the main concerns i have is that the market's been pretty much on fire so far this

same-store sales at tjx up 5%, really strong at home goods, up 7%.a little bit? well, as customers shopped for deals over the holidays, the company is kind of guidance for all of 2024 let's call it underwhelming, and that's the reaction. basically nothing in the stock market. stuart: how about baidu, china's google? lauren: they have a chat bot, it is called ernie, 4,000 merchants are using it across industries. their a.i. contributions, their a.i. investments, they say it's going to be mooningful, but it isn't yet -- meaningful. so the stock is down almost 5% because if their profits were halved in the quarter because of this a.i. investment. the cost of artificial intelligence. stuart: show me beyond meat, please. lauren: yes. stuart: i believe it's way up there, a spike of 46% in the stock. i don't get it. [laughter] demand for that stuff's down. lauren lauren yeah, bigtime. this is the company in survival mode, and management came out and basically said that. they said we've got to do everything we can, we've got to steeply cut costs this year, w

hilton, tjx, costco, waste management, some of the names at all-time highs. trading near its highest level in more than two years after its first trading on the dow jones industrial average. the stock replacing walgreens/boots alliance on that index. >>> let's check in on shares of expedia. the company announcing it will cost 1,500 jobs, 9% of its work force. take a charge between $80 million to $100 million related to layoffs. >>> a new drug from zealand ph pharma, showing fatty liver dis disease. for more on what this means, we're joined by jared holz. great to see you. what's interesting about this is, they scary address mash, which is the fatty liver disease, and not obesity, and yet, there's this jump that this will be an obesity drug. >> right. it's debatable whether that's going to come to fruition or not, i think. when you have two major players already, the study not designed for obesity, designed for fatty liver disease, and a bunch of other metabolic diseases that kind of underlie that condition. we just don't know. i mean, it's interesting. there'

then onto tomorrow tjx and then best buy. crossing the bloomberg right now. >> a host of earnings through those numbers. what people looking at right now is the potential for some indication of whether the blip we got in january was just a blip or something greater. what they see is below estimates. they see a full year of total sales versus an estimate of 85.6 billion. jonathan: macy's up next. speaking of the retailers let's talk about the supermarket chains and the trouble between kroger and albertsons facing a challenge very predictable challenge in washington dc. washington says will hurt the consumer. if the ftc is successful in blocking this merger would be hurting consumers and helping strengthen multichannel retailers such as walmart, amazon, costco. >> the very company the ftc is saying they want to try and rain in. this is just no surprise. add kroger and albertsons to a list of companies and potential tieups the ftc is gone after. what we seen as a more robust engagement from this ftc and doj when it comes down to

. >> who bought that -- who bought that tjx shirt? >> this? this came to the house. i don't know.t wasn't bought by me. >> the clothes fairy. >> it's not even signature. the kirkland signature look. you have it coming. look at that thing. >> you don't like this shirt? >> no. >> it's nice. it's my friday, you know -- >> yeah, collarless. >> i got to have a little color. >> someone just said in my ear, ross stores, and i'm countering with burlington. i don't know if you've ever been to burlington. i had a first fight with a guy. we were fighting over a t-shirt that said, like, "i am taylor swift's boyfriend." >> when we come back, a lot of earnings movers to get to. we'll get to pinterest, expedia, take-two, affirm, pepsi, of course, upgrade of united e pebonde' tk a wllal thsur wl. doug, ever since switching to workday you've been a real rock star. rock star? what do you know about rock stars? billy idol? i mean where's the skin-tight leather? my shoes are leather. where's the unnecessary zippers? that thing! billy, rock star is just how doug feels when he uses workday. thanks, ror

i expect tjx to continue to be strong.ve madden talk about the only channel of wholesale that's strong for them is off price, the off prices are going to win with traffic. that's what we're going to see and that's what my research shows. that's what my channel checks show. >> interesting because we love that -- retail sales must remember was weak. people that are worried about the fed, et cetera, raising -- that was one of the softer data points that didn't scare us like the employment numbers and so -- but you're saying there's a one-off. it's because it's never -- >> exactly. look what you have next, easter is coming up. we have an earlier easter this time. retailers are starting to put out their easter goods. andrew if you want to wear wide bell bottom jeans. >> can we talk about this? all the pants are getting wide now? >> yes, they are. >> men, women, the whole thing. >> how do you know this? >> because i have eyes. >> is he right? >> he's absolutely right. >> the pants are getting -- >> my pants have gotten much wide

tjx stock is up fractionally around 70,000 shares of volume.ains like t.j. maxx and home goods. it reported profits that matched estimates on revenues that were slightly better. total sales rose by 5% during the quarter so those shares up fractionally. we're also watching a near 9% jump in shares of coupon. the e-commerce platform, which some folks call the amazon of south korea, reporting better than expected quarterly results, highlighted by a 23% rise in net revenues during the quarter so those shares up 9.5%. and then we're going to cap things off with a check on bitcoin prices and just the entire crypto ecosystem overall. bitcoin prices did go north of the 60,000 mark and they're holding there right now, the highest since november of 2011. ethereum prices, also higher alongside of that, 3,354 for ethereum right now. you're also seeing more broad-based bitcoin-related stocks like exchange operator coinbase, mining company marathon digital, business software company microstrategy, which holds $11 billion of bitcoin on its balance sheet. and