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May 22, 2024
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. >> i did >> tjx, they did hike their full year outlook let's take a look at shares of tjx. joe, i'll give you the ball back. >> tjx is further evidence that low and middle income consumers are buckling because interest rates remain high. all of the evidence, whether it's mcdonald's, starbucks, home depot, lowe's, appliance, sales are down tjx said today, consumers are trading down tjx is off price why did walmart do well last unique, grocery did really well. what does that mean? that means that consumers are not dining out they're going to walmart, buying the groceries there. they're cooking at home. so i really believe, what we heard from target today, discretionary spending is under pressure i think collectively it's evidence that the consumer is weakening. we've always had this soft landing, hard landing in the middle there's something called the firm landing, and i think that's ultimately where we're going to end up, and it's going to allow the federal reserve to cut rates before the end of the year. >> costco, price target to 850 that's from 805 at oppenheimer, it's a
. >> i did >> tjx, they did hike their full year outlook let's take a look at shares of tjx. joe, i'll give you the ball back. >> tjx is further evidence that low and middle income consumers are buckling because interest rates remain high. all of the evidence, whether it's mcdonald's, starbucks, home depot, lowe's, appliance, sales are down tjx said today, consumers are trading down tjx is off price why did walmart do well last unique, grocery did really well. what does that...
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May 22, 2024
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we've got breaking news, tjx earnings hitting the tape. the stock is on the move. >> double beat on tjx, came in at 93-cents, the street was looking for 87. that's not adjusted but that's a strong beat. 12.48 billion on the revenue picture, the street was 12.46 billion so that's a beat as well. look, they're actually -- they're raising guidance for the year. for the full year. comp sales were up 3% which is in the high end of the range. that was actually better than expected. and again, they're looking for comp sales for the year to be up 2 to 3%. raising full year guidance. they're probably going to be looking to repurchase some stock as well according to what i'm reading right now so again, a pretty decent report from tjx. now the stock is starting to move up. but the details are still kind of crossing so i think this is going to be maybe a stock to watch today. maria, the cost conscious consumer raising their head again and their hand again and saying we've got to be picky where we spend our money. maria: absolutely. cheryl, thanks. sto
we've got breaking news, tjx earnings hitting the tape. the stock is on the move. >> double beat on tjx, came in at 93-cents, the street was looking for 87. that's not adjusted but that's a strong beat. 12.48 billion on the revenue picture, the street was 12.46 billion so that's a beat as well. look, they're actually -- they're raising guidance for the year. for the full year. comp sales were up 3% which is in the high end of the range. that was actually better than expected. and again,...
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May 20, 2024
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fit that bill. >> >> tjx has been a winner. do you revise growth targets at this point right now given what you've heard >> in terms of earnings growth for individual stocks? >> based on what we're learning about consumer >> i think for us we think the gdp growth is moderating we continue to think that's going to be what occurs throughout the rest of 2024. but, you know, i think it's not going to come down so much where it's going to be problematic. >> meantime, i wonder, are we starting to talk about -- are investors calling about questions with regard to tariffs or what that will do to inflation in the case of a change of administration what happens after november? >> yes we're getting questions does investing in an election year and what that means for investors overall. you know, a lot of concerns over, you know, what type of impacts we'll have from tariffs and whether or not that's going to be inflationary again i think, you know, there's a lot to sort of play out still for the rest of the year but we're still positive as
fit that bill. >> >> tjx has been a winner. do you revise growth targets at this point right now given what you've heard >> in terms of earnings growth for individual stocks? >> based on what we're learning about consumer >> i think for us we think the gdp growth is moderating we continue to think that's going to be what occurs throughout the rest of 2024. but, you know, i think it's not going to come down so much where it's going to be problematic. >>...
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May 22, 2024
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target and tjx both out with earnings this morning and moving in very different directions tjx with a top and bottom rate and raising eps guidance for the year shares closing up more than 3% target, meantime, missing on eps, but seeing a pull-back on spending in groceries and home goods. shares seeing their worst day since november 2022. we sort of put it out there when they announced all those price cuts on the 5,000 products that maybe they were doing that ahead of earnings because things were not looking so good, courtney. what do you think? >> yeah, and i think this is tough, because they really came out, they said on the discretionary items, home decor or clothing, like that's really where they saw a lot of their declines, and the question there is, you get the argument that, okay, the consumer is strapped, they're not spending money there, but on the other side, you have like a tjmaxx and people are spending their money. the question is, they're clearly strapped with inflation, they're having to decide where they're spending their money so, the retailers are really having to pos
target and tjx both out with earnings this morning and moving in very different directions tjx with a top and bottom rate and raising eps guidance for the year shares closing up more than 3% target, meantime, missing on eps, but seeing a pull-back on spending in groceries and home goods. shares seeing their worst day since november 2022. we sort of put it out there when they announced all those price cuts on the 5,000 products that maybe they were doing that ahead of earnings because things...
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May 8, 2024
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, too >> let's talk about tjx and ross, because, what are they they are off price what did they find their peak? in 2024, in late february. why did they find it there they had a significant appreciation from october, which was consistent with the decline in yields. there is a correlation that i can find for off price with yields itself. as yields move lower, off price did better as yields got sticky, off price got challenged the recent ads for ross and tjx is really recognizing the strength, the qualitative nature of both companies, and recognizing that they're in a price position, which could offer some support but i will tell you this, ultimately it depends on where yields go from here. >> shannon, discretionary is tough, tough to pick the winners from the losers, isn't it? >> i think it really depends on what your outlook is for lower income and, more importantly, middle-income consumers. that's the inflection point from a consumer perspective i think the trends are we're going to continue to see minimal goods inflation. we're going to continue 10 see, i think, this resurgence of
, too >> let's talk about tjx and ross, because, what are they they are off price what did they find their peak? in 2024, in late february. why did they find it there they had a significant appreciation from october, which was consistent with the decline in yields. there is a correlation that i can find for off price with yields itself. as yields move lower, off price did better as yields got sticky, off price got challenged the recent ads for ross and tjx is really recognizing the...
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May 20, 2024
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but i think tjx and ross stores have to prove themselves this week you need margin expansion. that's the place where cost conscious consumers are going to be visiting, but how they are managing the margin is going to be important and i think they have to prove themselves this weekend. >> you have delta, and gm, and lowe's, uber, united you are overweight, the consumer obviously with names like that, and you can throw in disney, too. >> if you look at delta, disney, gm, and single multiples, well, not disney, but you are getting value there and seeing that grow there, and you are looking for margin expansion and growth. you have to be very careful because we have seen -- you made this point about quality and paying up for it, and i think those that did that in retail got hurt, because when you are trading like a mcdonald's and starbucks in the 20s and 30s and you don't maintain what you have done for a decade, you will get hurt i think you have to be careful in the sector because the consumer is weakening and you want to be in the right companies. >> rob, it's auto zone, mcdona
but i think tjx and ross stores have to prove themselves this week you need margin expansion. that's the place where cost conscious consumers are going to be visiting, but how they are managing the margin is going to be important and i think they have to prove themselves this weekend. >> you have delta, and gm, and lowe's, uber, united you are overweight, the consumer obviously with names like that, and you can throw in disney, too. >> if you look at delta, disney, gm, and single...
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May 17, 2024
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tjx, strprouts farmer and dan ia here. thank you very much. >>> and for more on the dow 40,000 mark, head to cnbc.com/pro. there are is look at several stocks that look cheap and could have more room to run. pro subscribers get the full analysis there. >>> now a check of the top corporate stories. >> good morning. well, we have another shakeup coming for spirit a aero system. they are laying off up to 450 employees because of slower delivery. that is largely due to recent turmoil at boeing which has seen a decline inned ned orders in t past year. >>> and fda approving amgen therapy for a cancer drug. this is a second or later line treatment. meaning patients can take it if their cancer progresses while on or after trying another form of treatment. amgen says it will continue pursuing other studies that could allow the drug to be used as a first line treatment. >>> and reuters says shanghai d not have security assessments. companies such as tesla have been lobbying china to allow cross border sharing of information after be
tjx, strprouts farmer and dan ia here. thank you very much. >>> and for more on the dow 40,000 mark, head to cnbc.com/pro. there are is look at several stocks that look cheap and could have more room to run. pro subscribers get the full analysis there. >>> now a check of the top corporate stories. >> good morning. well, we have another shakeup coming for spirit a aero system. they are laying off up to 450 employees because of slower delivery. that is largely due to...
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May 22, 2024
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it just can't be >> if you're looking at a discretionary retailer like target with comps negative, tjx, ascendant, walmart, your point is a powerhouse in grocery, is that a overall negative tell on the u.s. consumer? >> i think no. i think that the u.s. consumer is, as they said in that brilliant, brilliant urban outfitters call, the u.s. consumer is enthusiastic >> the urban quote was, "consumer demand remains robust." >> brilliant the consumer is enthusiastic, not exuberant. i know it sounds like a pedestrian to say, everybody's got to hear the urban call, but urban has historically called fashion and described the zeitgeist. there can not be a consumer as enthusiastic at urban and not at target no urban's -- free people, amazing numbers. i want to talk macy's later, because i think macy's was the unsung story of yesterday, because people didn't read the conference call, didn't realize that tony spring is saying, listen, we're bringing in brands what's he bringing in? free people. it's a huge brand. anthropolgie is a huge brand i apologize to brian cornell and target it was a good qu
it just can't be >> if you're looking at a discretionary retailer like target with comps negative, tjx, ascendant, walmart, your point is a powerhouse in grocery, is that a overall negative tell on the u.s. consumer? >> i think no. i think that the u.s. consumer is, as they said in that brilliant, brilliant urban outfitters call, the u.s. consumer is enthusiastic >> the urban quote was, "consumer demand remains robust." >> brilliant the consumer is...
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May 17, 2024
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i think tjx is one of his favorites. it's been a huge position for us for the travel trust because of matt. top on trends margins fantastic. i think that the stock has been in a total holding pattern. it's done nothing for ages. and when i read this i just say you know what, i would like to buy more. we have a really good basis, but i just think if you read what they say it's fabulous. >> that's interesting. with more comment about that sector of retail or the consumer overall? >> right time right place. look, he's not going to push anything that is really, really expensive right there. when i say not expensive, i mean for the customer. tjx is the big winner when it comes to the companies doing badly and need to offload inventory and not promotional. nice thing about -- >> i have to say some of the inventory numbers this week out of retail were constructive. >> yes. we got -- things are good. i mean are they going to be dow 50,000 good? i just say things are good, and there are a lot of companies trying to reinvent thems
i think tjx is one of his favorites. it's been a huge position for us for the travel trust because of matt. top on trends margins fantastic. i think that the stock has been in a total holding pattern. it's done nothing for ages. and when i read this i just say you know what, i would like to buy more. we have a really good basis, but i just think if you read what they say it's fabulous. >> that's interesting. with more comment about that sector of retail or the consumer overall? >>...
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May 22, 2024
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coming up next, switching gears to talk about the state of the consumer and retail ahead of tjx earnings. we will stick with that and their rivals to see how they are faring in this environment. that is up next. this is bloomberg. ♪ you want to close out? should i? normally i'd hold. but... taking the gains is smart here, right? feel more confident with stock ratings from j.p. morgan analysts in the chase app. when you've got a decision to make... the answer is j.p. morgan wealth management. >> we are expecting 2024 to look more like 2021 in terms of quality, because not only is the credit market competing amongst itself, but there is a lot of refinancing around the public leveraged finance market. fees will suffer. sonali: that was the moody's had a private credit earlier this month, bringing us to the wall street eat. money flowing into private credit, more investors are now asking where is the most risk? we have a guest with some views on the market who joins us now. when you have this much money coming in, it raises the question -- is there too much money coming in? >> private cred
coming up next, switching gears to talk about the state of the consumer and retail ahead of tjx earnings. we will stick with that and their rivals to see how they are faring in this environment. that is up next. this is bloomberg. ♪ you want to close out? should i? normally i'd hold. but... taking the gains is smart here, right? feel more confident with stock ratings from j.p. morgan analysts in the chase app. when you've got a decision to make... the answer is j.p. morgan wealth management....
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May 22, 2024
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hey, tjx was doing terrific. you don't do well at tjx unless you say i'm not going to macy's. what else? the company is forcing a $5 value meal down their throats. there's some areas where there is no resistance to higher prices. when you look at mcdonald's as a whole, people are having enough of their rise in prices too. they need those $5 value meals. it is a part of the overall buyer strike. they had to swing by mcdonald's. we'll hear directly from the source, the biggest restaurant supplier tonight, cisco. they will tell a story of newfound resistance to higher prices. how do i say that? listen to what the ceo said. and i'm quoting, "it is our belief that restaurant menu prices have impacted foot traffic. this is something that needs to be addressed more broadly by the industry." he goes on, "the industry needs to take action to improve affordability for end consumers." hey, come on, that's the budding consumer rebellion. now we're not seeing a buyer strike just yet. last night toll brothers had a good quarter, selling a ton of homes. toll brothers is so juicy that they in
hey, tjx was doing terrific. you don't do well at tjx unless you say i'm not going to macy's. what else? the company is forcing a $5 value meal down their throats. there's some areas where there is no resistance to higher prices. when you look at mcdonald's as a whole, people are having enough of their rise in prices too. they need those $5 value meals. it is a part of the overall buyer strike. they had to swing by mcdonald's. we'll hear directly from the source, the biggest restaurant supplier...
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May 3, 2024
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. >> so speaking of being diversified, the broadening trade, tjx, you bought more. we'll do that before we take a break. give us insight into why you leaned into this more. >> if we see consumer trading down, we like off brands -- looked at kel logg's, mcdonald', starbucks, tjx tried to catch up to the post-pandemic numbers. but we're seeing growth again. good dividend growth. only 1.6% yield. they've been increasing for the past five years, and they're a beneficiary of the strong economy and of the tradedown con consumer. $4 billion over the past year. >>> we're going to take a quick break. we have more committee moves. steve weiss, kevin simpson both making trades in two big banks today. we have those details straight ahead. later on, the countdown to the 150th running of the kentucky derby. we'll take you there live and speak with nbc sports legend mike tirico ahead of the big race. "halftime" is back in two minutes. >> announcer: are you following "the halftime report" podcast? what are you waiting for? look for us in your favorite dcti app. follow "the halftime
. >> so speaking of being diversified, the broadening trade, tjx, you bought more. we'll do that before we take a break. give us insight into why you leaned into this more. >> if we see consumer trading down, we like off brands -- looked at kel logg's, mcdonald', starbucks, tjx tried to catch up to the post-pandemic numbers. but we're seeing growth again. good dividend growth. only 1.6% yield. they've been increasing for the past five years, and they're a beneficiary of the strong...
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May 21, 2024
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we have toll brothers, urban and tjx reporting ahead. here with our trades, jewel financial founder and president. quinn, great to see you again. welcome. >> thank you, kelly. good to be here. >> let's start off with toll brothers. the mystery chart from earlier. the home builders nearly doubled other the past year despite -- maybe because of the higher mort gauge rates and uncertain demand picture. quin a lot of questions. some people think this might be a multi-year run. are you a buyer here? >> we're not. this is a great example of how markets work. you're dealing with mortgage applications at 20-year lows, housing starts that are -- have been poor for many years with the interest rate environment, yet toll and many of thehome building stocks have been on a tear. and our belief is that, again you led it off, buy the sizzle, sell the stake. this has been pricing in the anticipation of rates coming down and uptick in mortgages, home buying, et cetera. so, again, getting ahead of this here, buying it now, i think you're setting yourself
we have toll brothers, urban and tjx reporting ahead. here with our trades, jewel financial founder and president. quinn, great to see you again. welcome. >> thank you, kelly. good to be here. >> let's start off with toll brothers. the mystery chart from earlier. the home builders nearly doubled other the past year despite -- maybe because of the higher mort gauge rates and uncertain demand picture. quin a lot of questions. some people think this might be a multi-year run. are you a...
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May 16, 2024
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tjx is a fighter, though. it's got fists full of cash from struggling retailers, taking excess merchandise off their cash flipping it the it consumer for ultra low prices. tjx is within spitting inside of its highs. chinese company tanloo keeping prices down too. they are definite inflation fighters. where we have no inflation fighters is in shelter. the home builders aren't willing to build excess homes in a year when mortgage rates are high. they'd rather buy back their own stock. you by think this is a failure from government. from state and local zoning laws that make it hard to build to high levels of immigration at a time we have a huge housing shortage. we need to start offering serious subsidies to developers who are willing to convert empty office properties into apartments. you need the subsidies because the costs to convert and cities don't like losing those commercial real estate tax dollars which are much higher than residential. time for the feds to help out. there are inflation fighters in finte
tjx is a fighter, though. it's got fists full of cash from struggling retailers, taking excess merchandise off their cash flipping it the it consumer for ultra low prices. tjx is within spitting inside of its highs. chinese company tanloo keeping prices down too. they are definite inflation fighters. where we have no inflation fighters is in shelter. the home builders aren't willing to build excess homes in a year when mortgage rates are high. they'd rather buy back their own stock. you by...
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May 21, 2024
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that's tjx, ross stores in burlington. in my opinion, that's your sweet spot for this value and convenient. and as good, if not, better than where you were pre- pandemic because you've expanded the demographic reach as to who is shopping your box. >> but you think overall some of the concerns about the consumer fading are overblown? >> no. you know, i hink it depends on where you're looking. so if you're focused on that low to middle income consumer, they're under pressure. and the pressure is really the inflation is just continuing to last. so each month that we move forward, it doesn't matter that the inflation is not worsening. it's just an incremental toll on that savings that they built. that's why i said the low end right now is that melting ice cube. but low income consumer, very different than low income retail. that consumer gravitates to the lower income retail. but what happens is you get the trade down effect. that's where i think you're seeing with the discounters with wal-mart, where you are seeing the off pr
that's tjx, ross stores in burlington. in my opinion, that's your sweet spot for this value and convenient. and as good, if not, better than where you were pre- pandemic because you've expanded the demographic reach as to who is shopping your box. >> but you think overall some of the concerns about the consumer fading are overblown? >> no. you know, i hink it depends on where you're looking. so if you're focused on that low to middle income consumer, they're under pressure. and the...
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May 26, 2024
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saw, you were bullish on tjx a little over a year ago, turned out to be a good call. >> that's true. etch's going to be buying their spanx there. they just reported another strong quarter, they own marshall's, tj maxx, home goods, and off-price discounters have been taking share of the retail industry for ages, and it doesn't look like that's' slowing down. tj maxx will continue to reap the benefits. jack: all right, and, ben, you are sticking with the retail theme. >> i am. we all love the mall, or at least we did before 2020, but some malls are doing okay, the high-end malls. you've got a company like simon if property group that that's doing great, but the stock hasn't done anything since about mid december. it recently sold a stake that it had in a roadway till -- retail brand, and the stock is cheaper than the reit index. it looks like it could break out to the upside. jack: all right. thanks, ben with, teresa and jack, also a always -- as always. check out this week's editio rachel: and joey and i will be on tomorrow as well. will: happy memorial day. ♪ if. ♪ sean: good sun
saw, you were bullish on tjx a little over a year ago, turned out to be a good call. >> that's true. etch's going to be buying their spanx there. they just reported another strong quarter, they own marshall's, tj maxx, home goods, and off-price discounters have been taking share of the retail industry for ages, and it doesn't look like that's' slowing down. tj maxx will continue to reap the benefits. jack: all right, and, ben, you are sticking with the retail theme. >> i am. we all...
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ross stores, when it was up ten, to me just made a mockery of the fact that tjx is back to where it was tjx did a better quarter than they did up ten knock yourself out and buy it. >> meantime, jim, if you're looking at consumer discretionary, nice note out of schwab today that only half of the components are above the 200-day. some deterioration in that front. >> look, consumer discretionary. we're in burger war territory. we got burger wars we had -- >> we mentioned burger king matching this $5 value meal. >> now wendy's has this baggie that is interesting. i think that wendy's has been the third -- some of that is because the baconator is $6. when my wife buys a thousand calories, she better pay $5 for that the more calories, the more you pay? uh-uh. it's not pay by the calories, for heaven's sake. that's got to stop >> of the components of inflation that get noticed, there's something about quick service that is -- >> yes, because -- why do i keep referring to the incredible numbers at brinker and texas roadhouse. texas roadhouse, they both have the $11 meal, and there are some peop
ross stores, when it was up ten, to me just made a mockery of the fact that tjx is back to where it was tjx did a better quarter than they did up ten knock yourself out and buy it. >> meantime, jim, if you're looking at consumer discretionary, nice note out of schwab today that only half of the components are above the 200-day. some deterioration in that front. >> look, consumer discretionary. we're in burger war territory. we got burger wars we had -- >> we mentioned burger...
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May 22, 2024
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tjx shares are rising this morning. the company amazed its outlook for next year and reported net sales, which means the average estimate -- the companies under the banner saw a decline in merchandise inventories. sales were up at every division which underscores the strength of opposition. jonathan: thank you for this morning. up next on the program, setting you up for the day and week ahead. you are watching bloomberg surveillance. ♪ so, what are you thinking? i'm thinking... (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses let's take a look at those scenarios. j.p. morgan wealth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. jonathan: here is the trading dia
tjx shares are rising this morning. the company amazed its outlook for next year and reported net sales, which means the average estimate -- the companies under the banner saw a decline in merchandise inventories. sales were up at every division which underscores the strength of opposition. jonathan: thank you for this morning. up next on the program, setting you up for the day and week ahead. you are watching bloomberg surveillance. ♪ so, what are you thinking? i'm thinking... (speaking to...
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May 22, 2024
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discounting here, being an issue also, the outlook people are worried about the outlook rest of the year, tjx double beat comp store sales off 3% company there also raised annual forecasts on easing costs, the big event of the week is nvidia out tonight after the close net being in expected up 768%, revenue, the stock flat, the "the wall street journal" reporting largest private debt financing deal backed by nvidia, revolution joining me chief investment officer of equity stephen auth thank you so much for being here i love looking at your research you really rely on you fundamentals you feel fundamentals matter what i want to talk about how are you looking at fundamentals? you have said that it is time to move away from tech. you don't want to buy nvidia before earnings. >> no, i don't want to buy nvidia they have to beat by so muching to up from here, we like nvidia long in nvidia i think what you want to do here is play for buildout beyond nvidia that is important stuff. >> look at stocks nvidia other ai stocks this morning, what they are doing tom lee from fundstrat writes he think after
discounting here, being an issue also, the outlook people are worried about the outlook rest of the year, tjx double beat comp store sales off 3% company there also raised annual forecasts on easing costs, the big event of the week is nvidia out tonight after the close net being in expected up 768%, revenue, the stock flat, the "the wall street journal" reporting largest private debt financing deal backed by nvidia, revolution joining me chief investment officer of equity stephen auth...
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May 20, 2024
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first-quarter earnings on deck i want your take what to expect lows lowe's, macy's tomorrow wednesday target tjx, then, after the bell wednesday, nvidia, i am looking another a thomas lee note this morning, tom lee from fundstrat is calling this week an a.i. week he says, there are several poret related events today monday, microsoft is holding the windows surface ai event tomorrow to 23rd, may 21st to 23rd microsoft build ai event on weathered after the close nvidia reporting first-quarter results, tom lee says we expect these events to he reinforce improving visibilities capability of a.i. sending these stocks higher your thoughts. i think he is absolutely right. i think look you and i talked about this we are very much in infant stages of ai very important week video crowded trade we know while maybe priced to possession of, wang constantly giving positive again i think this is one of the 4.5 billion dollars in revenue but whisper number is more like 26 billion, in revenue so going to be interesting to see how the market reacts, what that number is 24 billion going to be viewed as disappointm
first-quarter earnings on deck i want your take what to expect lows lowe's, macy's tomorrow wednesday target tjx, then, after the bell wednesday, nvidia, i am looking another a thomas lee note this morning, tom lee from fundstrat is calling this week an a.i. week he says, there are several poret related events today monday, microsoft is holding the windows surface ai event tomorrow to 23rd, may 21st to 23rd microsoft build ai event on weathered after the close nvidia reporting first-quarter...
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May 22, 2024
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tjx shares hitting a new all-time high after hiking out for your outlook, consumers are done with high prices, finding deals at t.j. maxx's marshals and home goods. they exploded in popularity, with one hundred 19% but news breaking today, the us consumer financial protection bureau says to buy now pay later, companies must adhere to consumer protection rules. coming up, fox business exclusive, the ceo of a firm on what standards will mean to his company and fast-growing buy now pay later sector. cutting prices on 5000 items to jolt sales, what does it mean for the economy and the stock market? joining me live, charles schwab, liz and saunders. and no matter what the news, solid earnings this season, good economic data, what do you perceive? >> it is mostly economic data, worse than expected, not a bad backdrop for equities, at this stage, and earnings for the most part were pretty healthy. that is in a positive backdrop. today, i am surprised at the knee-jerk reaction to rearview mirror data, you have to remember the fomc meeting that ended on may 1st predated the weaker than expected
tjx shares hitting a new all-time high after hiking out for your outlook, consumers are done with high prices, finding deals at t.j. maxx's marshals and home goods. they exploded in popularity, with one hundred 19% but news breaking today, the us consumer financial protection bureau says to buy now pay later, companies must adhere to consumer protection rules. coming up, fox business exclusive, the ceo of a firm on what standards will mean to his company and fast-growing buy now pay later...
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May 30, 2024
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on the other hand target was punished for their earnings, tjx did very well and as we wait for calls going through restructuring into turnaround for some years we will have to wait and see if the management is effective, nordstrom rumors that they want to take a public and it seems that costco will perform well and on the other side of things you would think it a tough economy and dollar stores and their value but on the one hand we have 99 cents only stores which are bankrupt and liquidate over the past couple months and guidance out of dollar general. anna kirby and finch reported yesterday and did incredibly well. i think it's important to watch the consumer small ticket items this is the bottom line they seem to be things that the consumer can still afford and where we should be focused is on big-ticket items like automobiles and credit card balances and that's where the health of the consumer shows up even if some retailers do more in this quarter things may be getting more challenging and as we get into the important holiday season and the fourth quarter. maria: growth is expec
on the other hand target was punished for their earnings, tjx did very well and as we wait for calls going through restructuring into turnaround for some years we will have to wait and see if the management is effective, nordstrom rumors that they want to take a public and it seems that costco will perform well and on the other side of things you would think it a tough economy and dollar stores and their value but on the one hand we have 99 cents only stores which are bankrupt and liquidate...
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May 20, 2024
05/24
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reports from lowe's target, tjx and big key events on wednesday, nvidia earning ands, yes, the fed minutes. vice chair phillip jefferson saying cautiously optimistic about inflation fight but it's still too early to tell if the slow down of inflation is long lasting. very noncommittal. it'll take awhile to be confident on inflation. take a look, 2-year yield hit ago one-week high in the session today. two year at 4 hadn't 48% and 10 year up slightly at 4.44%. by the way, the 10 year holding above that 4.4 ever so slightly for the second day in a row. meanwhile chip related stocks leading gains on s&p 500 and nasdaq ahead of nvidia report on wednesday. nvidia for its part take a look at what it's doing right now. i mean, the question is can the stock live up to its hype? up 2.75% at $950 so let's ask some people with answers on this. straight to the floor show and the great scotts are here. thomas hh partner co-ceo scott spurling and scott bower. scotts, great to have you here. scott spurling, you say inflation will be stickier than expected and you below that the fed not fully in control.
reports from lowe's target, tjx and big key events on wednesday, nvidia earning ands, yes, the fed minutes. vice chair phillip jefferson saying cautiously optimistic about inflation fight but it's still too early to tell if the slow down of inflation is long lasting. very noncommittal. it'll take awhile to be confident on inflation. take a look, 2-year yield hit ago one-week high in the session today. two year at 4 hadn't 48% and 10 year up slightly at 4.44%. by the way, the 10 year holding...
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May 22, 2024
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the stock in the last year nvidia share down one half of 1%, before we get to that we have target and tjx reporting earnings before the opening bell those pulling back take a look at yesterday's performance, the nasdaq and s&p 500 in record territory at the close beginning a new day and unchartered space the dow industrial was up 66 and the nasdaq of 13 at a new high of 5321. the nasdaq 37 at a new high of 16832, european markets are pulled back s&p 124 cac cron 41 and dax index lower by 47. in asian markets lower fractional moves across-the-board shanghai composite flat but up a tiny bit, back at home battling persistent inflation president trump slamming president biden over his economic policies and spending leading to skyhigh inflation as biden is trying to tap into a northeastern oil reserve to bring down gasoline prices before the election. the fed survey shows it may be too little too late americans report therefore saw financially today than four years ago. biden d.o.j. and trump on trial the defense resting in the hush money trial with closing arguments expected after the memoria
the stock in the last year nvidia share down one half of 1%, before we get to that we have target and tjx reporting earnings before the opening bell those pulling back take a look at yesterday's performance, the nasdaq and s&p 500 in record territory at the close beginning a new day and unchartered space the dow industrial was up 66 and the nasdaq of 13 at a new high of 5321. the nasdaq 37 at a new high of 16832, european markets are pulled back s&p 124 cac cron 41 and dax index lower...
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May 22, 2024
05/24
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tjx has been one of my top picks. that's where the business is. >> tk over there. >> we love it. >> are you a maxxanista? we don't even know. >>> bracing for results. the potential seismic impact and the impact they could have. and we're celebratesing all month. >> they're quiet, hard-working, good student. but that also means that we are often forgotten. it took me years to find my voice, to advocate for myself in the workplace. remember, a diverse employee is important and ultimately benefits the bottom line. (grandpa) i'm the richest guy in the world. (man 1) i have time to give. (man 2) i have people i can count on. (grandma) and a million stories to share. (vo) the key to being rich is knowing what counts. exchange." we're looking at our wrap-up. the trump campaign is looking at crypto donations. >> mcdonald's franchisee group probing the company's $5 value meal saying while it's good for the consumer, mcdonald's will be looking for support. fed's waller is saying there's not a lot of upside on the rate and the e
tjx has been one of my top picks. that's where the business is. >> tk over there. >> we love it. >> are you a maxxanista? we don't even know. >>> bracing for results. the potential seismic impact and the impact they could have. and we're celebratesing all month. >> they're quiet, hard-working, good student. but that also means that we are often forgotten. it took me years to find my voice, to advocate for myself in the workplace. remember, a diverse employee is...
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May 2, 2024
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can't afford that >> yes >> and when you hear that, upgrade today, very important upgrade by ubs of tjx, evidence lab, saying, listen, when the consumer's strapped, you cogo ti way. carl, when i look at whether the consumer is strapped or not, i think that maybe the key person to talk to is a guy that, let's say, ernie garcia, because he has -- he has at carvana the best view i know, because that is a very fractured market he's got 1% of it, and people want used cars, because they can't afford new cars. we'll get ford's numbers, but i do think that garcia has the pulse of the economy >> well, certainly, they are relying heavily on the strength of the labor market, jim claims, 208. looking for 211. just continues to be robust, and we'll see what we get tomorrow >> it's robust, but i think that people -- i don't know did they spend all the money they had did they become more frugal? are they just more aware that everything went up in price, and they just don't understand why that happened? david, there's a mystery look, we're not political, but if you were a political person, you would sa
can't afford that >> yes >> and when you hear that, upgrade today, very important upgrade by ubs of tjx, evidence lab, saying, listen, when the consumer's strapped, you cogo ti way. carl, when i look at whether the consumer is strapped or not, i think that maybe the key person to talk to is a guy that, let's say, ernie garcia, because he has -- he has at carvana the best view i know, because that is a very fractured market he's got 1% of it, and people want used cars, because they...
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May 20, 2024
05/24
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retail like lowe's and macy's that's happening tomorrow and you've got wednesday's news with target and tjx reporting earnings. after the bell wednesday night the big event of the week is the nvidia quarter. chris, what are you expecting from the earnings this week, in particular nvidia, after that, what, 200% rally in the stock in the last year. >> it's incredible. and they're around 28 times. >>> and analysts are saying they could go to 48 times. >>> . that's certainly possible. i think we'll see a slowdown toward the end of the year. at some point people will say we haven't completely figured out a.i. yet. microsoft said 2024 will be the year of the a.i. driven pc which will be huge. that will help qualcomm as well. in general we think nvidia will continue to be strong, maybe not 200% but up 120, 130%. i'm more interested to see what happens with costco. we're worried that -- maria, we think the consumer might be starting to scrutinize spending. we'll see what that means in terms of impulse buying, that's an issue around impulse buying and apparel. costco will be an indicator of that. ma
retail like lowe's and macy's that's happening tomorrow and you've got wednesday's news with target and tjx reporting earnings. after the bell wednesday night the big event of the week is the nvidia quarter. chris, what are you expecting from the earnings this week, in particular nvidia, after that, what, 200% rally in the stock in the last year. >> it's incredible. and they're around 28 times. >>> and analysts are saying they could go to 48 times. >>> . that's certainly...
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May 21, 2024
05/24
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we're looking at target and tjx tomorrow. the big story is nvidia after the bell tomorrow night, the ceo said the partnership with dell will spread artificial inthe intelligence to a wider range of customers. i'm reading a note from thomas lee. he said it's arguably an understatement to say nvidia is one of the most important companies in the world given chips are central to powering a.i. he said usually people think once the news is out the stock sells off a. they're expecting a post rally after eps on wednesday night. we think probabilities favor a rise in nvidia stock price post earnings wednesday. even with the lofty expectations, your thoughts on what to expect from nvidia the. >> the analyst might well be right. nvidia has a dominant market position in a very rapidly growing industry. how could you go wrong? and if we do have a rally in nvidia stock following the release of their earnings, that's got to be a positive for the overall market get. maria: yeah. i mean, they're also telling clients that they feel that's true
we're looking at target and tjx tomorrow. the big story is nvidia after the bell tomorrow night, the ceo said the partnership with dell will spread artificial inthe intelligence to a wider range of customers. i'm reading a note from thomas lee. he said it's arguably an understatement to say nvidia is one of the most important companies in the world given chips are central to powering a.i. he said usually people think once the news is out the stock sells off a. they're expecting a post rally...
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May 17, 2024
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you bought more tjx again. you continue to buy. why? >> we're going to continue to build on the heels of the walmart earnings, the higher end consumer trade down. if you think about the home goods, the tjmaxx, the marshalls, they can do well in a slowing economy. you don't want it to roll over. talking to jenny about free cash flow, $4 million in free cash flow from this company. a little bit smaller dividend, 1.6%. it's growing at a 10%, 11% clip the last three to five years. they stalled after covid. they had to catch up a little bit, which i think they've done so. this is an investment for us longer term. it sells off, we'll add more. >>> to the headlines with contessa brewer. >>> israel has denied accusations of genocide during a hearing today at the united nations top court. south africa asked for that emergency hearing and requested a ceasefire. it claims israel's military operation in rafah threatened the very survival of palestinians in gaza. israel insists it's doing all it can to protect civilians there. >>> ukrainian forces h
you bought more tjx again. you continue to buy. why? >> we're going to continue to build on the heels of the walmart earnings, the higher end consumer trade down. if you think about the home goods, the tjmaxx, the marshalls, they can do well in a slowing economy. you don't want it to roll over. talking to jenny about free cash flow, $4 million in free cash flow from this company. a little bit smaller dividend, 1.6%. it's growing at a 10%, 11% clip the last three to five years. they...
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May 17, 2024
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keith, we hear from the next week target, we've got tjx, bj's. do you think they will do okay, or do you think there will be a new set of troubles that we'll see as the consumer is still battling high prices? >> you know, honestly, lauren, that's a really tough call. it's a sharp question. because even within the retail sector, not all of these stores are the same. walmart if has a very different consumer profile, a very different managerial approach, a very different shopping demographic. i think we've seen the information we want to see out of walmart. the question is what gremlins are are in the closet e when the rest of the retail environment shows up. lauren: same question to you, or skyler. is the consumer holding up, or does it depend on which retailer, or which company you're looking at? >> broadly are speaking, the consumer's doing great. lauren: okay. >> we have $40 trillion in wealth creation since 2020. but most of that wealth creation's coming from the stock market and u.s. real estate. about $20 trillion apiece. so, broadly speaking
keith, we hear from the next week target, we've got tjx, bj's. do you think they will do okay, or do you think there will be a new set of troubles that we'll see as the consumer is still battling high prices? >> you know, honestly, lauren, that's a really tough call. it's a sharp question. because even within the retail sector, not all of these stores are the same. walmart if has a very different consumer profile, a very different managerial approach, a very different shopping...
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May 29, 2024
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tjx in the past couple of weeks looked very good. gap stores over the past year, that stock is up 1400 put -- 140 plus percent. should that be an indicator of every consumer? out there spending? >> no. i think, i mean, there are two groups. there's a lot of americans who, frankly, people, particularly households who rent who are really struggling still because rents are high, and there are a lot of consumers who have barely seen wage gains keep up with inflation, and they feel pretty crummy. liz: let's keep that clear, rents are still sucking up much of people's disposable income. >> absolutely. and there are a lot of people living paycheck to paycheck. the economy doesn't count by heads, it counts by dollars, and the spending of the most affluent 10, 20% of american consumers is powering this economy forward. that's really why we didn't have a a recession, because americans stop at the limits of credit and people being willing to continue to lend to these more aaffluent consumers, that has kept consumer spending -- liz: that's where
tjx in the past couple of weeks looked very good. gap stores over the past year, that stock is up 1400 put -- 140 plus percent. should that be an indicator of every consumer? out there spending? >> no. i think, i mean, there are two groups. there's a lot of americans who, frankly, people, particularly households who rent who are really struggling still because rents are high, and there are a lot of consumers who have barely seen wage gains keep up with inflation, and they feel pretty...
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May 22, 2024
05/24
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stuart: tjx -- lauren: the ceo says the second quarter is off of to a good start. their profits rose by 22% in the last quarter. stock the's up 4.5%. stuart: williams-sonoma, pottery barn? lauren: they own pottery barn and their namesake. they're seeing robust demand for home furnishing, home decor, so that's good. they lifted their annual ownerring margin forecast. that is a big deal. that means their supply chain costs are coming down. maybe eventually that will mean their $7 spatula might only cost $6. nub theless, williams williams snow that if is summering right now -- williams show ma is summering right now. stuart: the the president of justice fuse cause -- accuses apple of monopolizing the smartphone market. that sounds ominous to me. lauren: it's ap an antitrust violation. stuart: that's what they're a working up to. lauren: apple says this is absolutely no merit to this lawsuit or the department of justice, the biden administration's interpretation of antitrust. apple is saying in their letter to the department of justice how are we a monopoly with iphone
stuart: tjx -- lauren: the ceo says the second quarter is off of to a good start. their profits rose by 22% in the last quarter. stock the's up 4.5%. stuart: williams-sonoma, pottery barn? lauren: they own pottery barn and their namesake. they're seeing robust demand for home furnishing, home decor, so that's good. they lifted their annual ownerring margin forecast. that is a big deal. that means their supply chain costs are coming down. maybe eventually that will mean their $7 spatula might...
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May 23, 2024
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aggressively >> so, ross stores, which is most interesting to me, pretty much similar to what we saw with tjx, right if you are deliver value to the customer, they're there. this is impressive numbers. >>> meantime, starwood real estate trust saying it is limiting redemptions to preserve capital. this after reports earlier this week that the $10 billion fund was hit by a wave of withdrawals in the first quarter, and was running out of cash. the stock, the reit, i should say, is down by 3.75%. "the wall street journal" reported $10 billion real estate fund bleeding cash and running out of options the gist there was that these sorts of vehicles were very popular when interest rates were really low and people wanted that 5% return, but in this environment, if they can't withstand the redemptions and the withdrawals, this sort of product may be a thing of the past >> well, if you were an investor in several of these and one of them is gating you, it does make you think, hmm, maybe i need to pull a lily ttle liquidity fromh one where i can. and it starts a negative cycle for awhile >> six months a
aggressively >> so, ross stores, which is most interesting to me, pretty much similar to what we saw with tjx, right if you are deliver value to the customer, they're there. this is impressive numbers. >>> meantime, starwood real estate trust saying it is limiting redemptions to preserve capital. this after reports earlier this week that the $10 billion fund was hit by a wave of withdrawals in the first quarter, and was running out of cash. the stock, the reit, i should say, is...
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May 31, 2024
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well so brenda, quick final trade >> tjx >> jenny >> another contrarian play, abvie. >> cisco >> lulu again, a scary play. >> double down all right. you guys have a great weekend. "the exchange" is now. ♪ ♪ >>> thanks, scott. hi, everyone welcome to "the exchange." i'm kelly evans on this friday here's what's ahead this hour. the fed's preferred inflation gauge coming in largely as expected, but one guest says it's a mistake not to keep a rate hike on the table we'll talk about where to look for opportunities from here. >>> plus, the relative cost gap between dining in and out is at an all-time high, and that's good news for some of the staple stocks like this one, our am list sees 30% upside from here and joins with us the name >>> and 98% of the s&p is now reported, so virtually everyone. in fact, we'll look at how one company is leveraging tech to make earnings data more accessible for retail investors, and we'll talk about some of the trends that may have flown under the radar. let's start with dom chu and the numbers. it's been a steady slide away from 40-k, dom >> we thought
well so brenda, quick final trade >> tjx >> jenny >> another contrarian play, abvie. >> cisco >> lulu again, a scary play. >> double down all right. you guys have a great weekend. "the exchange" is now. ♪ ♪ >>> thanks, scott. hi, everyone welcome to "the exchange." i'm kelly evans on this friday here's what's ahead this hour. the fed's preferred inflation gauge coming in largely as expected, but one guest says it's a mistake...
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May 22, 2024
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we're also going to hear from tjx and william sonoma before the bell. and after the bale, we're going to talk to a chip analyst in the next hour. >>> new this morning, the biden administration saying that it will forgive $7.7 billion in additional student loan anniversary than $160,000. these involve borrowers in the public program. it brings it to 7.5 million borrowers who have had or will have loans forgiven we the administration. i'm not sure why we're showing these college protest pictures in the mix of this. it's like one in ten americans who owe on student loans have been forgiven? more borrowers got forgiveness. >> not a surprise in the election year. >> it's obvious. >>> secondly the biden administration is going to release a billion barrels of gasoline in the northeast to try to reduce prices at the pump ahead of the fourth of july and the summer driving season. gas prices at the pump have pulled back. the national average is $3.61. former president trump criticized that move as a political stunt saying high gasoline prices are got good for ele
we're also going to hear from tjx and william sonoma before the bell. and after the bale, we're going to talk to a chip analyst in the next hour. >>> new this morning, the biden administration saying that it will forgive $7.7 billion in additional student loan anniversary than $160,000. these involve borrowers in the public program. it brings it to 7.5 million borrowers who have had or will have loans forgiven we the administration. i'm not sure why we're showing these college protest...