sometimes you can find lulu products in tjx, but why does tjx make sense?>> it's uniquely positioned in this environment, where everybody is upset about having to pay more for everything. so i think they benefit, not only there their core customer, but from a customer that is just looking for a bar gain. so higher quality inventory, uniquely positioned to appeal to a large variety of customers in this current environment. and the results have been good. so we continue to like tjx. it's our preference for brick and mortar. we don't have any other exposure to brick and mortar retail. >> it's so unique that they've been able to be successful in brick and mortar without expanding too much online. they have a tiny online business and it's worked for them. >> that's part of the appeal. this is for the customer that likes to shop and willing to do the work. >> do the treasure hunting. i just go through the racks on my phone. >>> the one industrial stock thatob r is making. the reveal and the debate, after the break. what is cirkul? cirkul is the fuel you need to t

. >> a good note to end on with tjx, retailers thank you. >> thank you. >> i want to spend a day withome day talked about it last time. like to do this just go hang with you and see what you see and what you like and don't like in various stores. we'll go to -- >> get on your comfortable shoes and let's go walking. >> go to a mall. >> my 235favorite malls. >> thank you. >>> still to come, moving past simple home improvement and betting big on retailers that's next. ameritrade is now part of schwab. bringing you an elevated experience, tailor-made for trader minds. go deeper with thinkorswim: our award-wining trading platforms. unlock support from the schwab trade desk, our team of passionate traders who live and breathe trading. and sharpen your skills with an immersive online education crafted just for traders. all so you can trade brilliantly. >>> mortgage rates shot higher the past couple years causing a slowdown in the housing market homes sold, fewer, fewer people fixing up homes to sell on renovate after buying them creating a problem for home depot. do it yourself projects forc

having negative same-store sales in third quarter to positive fourth quarter even doing well walmart tjxne than prior, earnings generated by cost reduction, plenty retailers posted negative same-store sales in fourth quarter best buy lowe's, macy's, kohl's, target, home depot all negative for the quarter year-over-year basis with inflation in numbers. maria: wow. . i want your take on what this means for the fed because a moment ago i spoke with the founder of grants interest rate observer made a contrary comment about fed watch jim grant with me a few moments ago watch this. >> a cut in rates anytime soon. >> no. the well they is a say, three-ish is fine. >> 3% inflation. >> concern over inflation focus on financial stability if they would define it i think also a chance this year that fed raises, if they are confronted with an accelerating rate of inflation, they have no choice who is to say 3.2% thing couldn't go up, 80 dollar oil price no longer 70. >> would move markets if fd raised rates. >> -- personal don't expect that to happen i don't want them raising rates i certainly don't s

how about consumer, you like amazon, tjx, right?tative screeners. ashley: wow. >> we look at revenue growth, we look at cash flow, we look at margin and we look at momentum. tjx, amazon in our portfolio. cintas another big name the uniform company in the portfolio. while we have couple smaller biotechs in couple other portfolios, it is amgen and regeneron really powering the facts model. ashley: in tech, you like microsoft. microsoft has been an amazing story as well. even at this price a food value? >> even at this price, ash. this has gone a little bit sideways this is the standout. i don't buy into "the magnificent seven" story but microsoft has gotten into our portfolio and we're just riding it right here. ashley: well, jordan, we'll have to leave it there, but as always, sir, always full of information, really, really good insight. we appreciate it, jordan. thank you very much, as we head towards the closing bell in about 15 seconds from now, no fireworks. [closing bell rings] you can see the dow up, very slightly. not a record

stores the company mentioned in tjx buys that extra inventory for cash.ds, lauren albergo we think she is terrific at williams-sonoma, tremendous eye for what will sell. stocks are incredible. tony spring now running macy's has a fabulous i. they are getting it sold or lying. either way, we may not be able to see magic, which is a shame. abercrombie was down, the stock got too hot. i bet it ounces right back. i like how marvin ellison has fixed up where many can't wait to walk the aisles of the nice bright stores. a retailer is permanent without the scale, the half and a balance sheet, you're going to get pigeonholed as niche or boutique these days. many chains who made money as stocks, one look at the abercrombie shirt tells you that's what you need to know billion-a-year were generative ai and infrastructure play, data is going and the little guys will always struggle to keep up unless management is so destitute can compete in what's looking like a stacked data deck. i like to say there's always a >>> right now on last call, bank job, shares of new york

companies like walmart, tjx, costco, amazon, have done well regardless. consumers are flocking to those names. and you mentioned five below tomorrow. i would expect similar kind of results out of them. there has been very little change, by the way, who the winners and losers are. if you look at what happened in the third quarter of last year compared to the fourth, almost every retailer that posted negative same-store sales in the third quarter posted very similar, by the way, negative same-store sales in the fourth quarter. same thing as you look at companies that were positive, again, like the walmarts, tjxs, they didn't change very much. so, walmart was up 4.9% in third quarter, up 4% in the fourth quarter. the stocks may bounce around on the earnings days, because expectations have been set for differential performance, but then what you see, they're doing the same thing they did before, in the case of the department stores, they were steeply negative in the third quarter and still negative in the fourth quarter. and the outlooks are not very good. si

those are the number of brands that fit within that are tjx and ross and burlington are all performingl. the department stores have had a tougher game. you will see changes going on. a number of brands in the middle, the department stores, are creative in what they are doing. i think change is what they need to be doing. >> i want to come back to the report. restaurants were up 6% year over year. over the last couple months, we have seen more people go to the experience as opposed to physical things. where is the consumer right now? credit cards are at historic highs with the rates and amount owed. where is the consumer and how important is it for the consumer to see the rate cuts? >> i think the consumer is stretched. experiences still matter. during the pandemic, people were stuck at home. they still are in the mode where they want to get out and travel. the luxury consumer is very much still experiencing restaurants and traveling. you see it in trying to get a reservation in new york city which is tough. i think the consumer is feeling a pinch, but it varies by segment. the high-end

i didn't think they would go amazon and tjx >> did you check out this tweet from ambassador rahm emanuelavish dinner, he says, that xi gave for these ceos and basically called it an offensive -- charm offensive, because on the one hand, you're issuing sweet words and then green lighting cyberattacks. >> yeah, i think it's a mixed blessing here, because the chinese apparently are behind a huge number of the hacks i have all the cyber guys come on but i want to see them, you know, dr. borla was over there for pfizer, tim cook a lot of guys who he needs to have more business done. he needs to have someone open a new factory in china no one will do it. no one will do it. and meanwhile, gina raimondo, denying them any of the chips that you need for a.i., and the chips from a.i., unless -- taiwan -- we want taiwan not to be challenged, obviously, but xi is in trouble. >> yeah. our michelle was on "squawk" today. she spoke to one of the ceos that was present and said business sentiment there is terrible and remains terrible. >> if you open anything there, one of the -- the only thing that i thi

was on its last legs and burlington, right now, people feel burlington is among ross, burlington, and tjx in terms of close-out. people should recognize burlington, it's really interesting, it's the equivalent of the dollar tree, dollar general of the group. it's long lines, not necessarily -- it's a place you feel like you're getting a bargain. if you have to read through this, you would say the consumer is -- that's where you shop when the consumer is downbeat. >> all those names doing well price wise, the exception would be vsco today. >> just a major miss. bad cadence. people have to recognize, same thing with foot locker yesterday. foot locker was up big because mary dillon said we had a good thanksgiving, and after that, it was downhill. victoria's secret had a few weeks where i don't know what happened, i guess people just didn't go. david, what did happen to victoria's secret? >> you know, i can't discuss it. >> no? >> no. all i know is i always go back to sycamore and the deal they had. wow, would have been the greatest deal and they called it off. then the thing soared. >> they