the street's turned against pvh, though.e worried about the end of mortigo into the family of pvh brands. i think that's a mistake to turn on pvh. i would buy some before and after the quarter beginning with this, because when it reports, what we are going to find out that mortico brings to pvh that whole part of calvin klein it didn't have. it has the whole family of calvin klein brands. i think that's going to produce fabulous results for pvh. thursday, last training day, because of the good friday holiday. and it's got a bunch of what i call fulcrum names, names that can move a lot of stuff reporting. meaning some of these companies could actually impact many sectors, and the first is act censure. we are going to be all ears because this consulting segment has become a real battleground with dueling companies all over the place taking each other down. yeah. oracle, hewlett-packard, sap, they are all sniping on who is doing well. last time accenture reported it was not a good number, but the company stock rallied anyway. g

and pvh said warnico nieds more investment than it estimated. shares of pvh lost more than 5%, down a big $6. >>> and the ipo of the day, pinnacle foods, debuted nicely. pinnacle's brands are names you know like bird's eye, vlasic pickles. pinnacle priced at $20 a share and closed up more than 11% on its first day. >>> our market monitor tonight says we're in a new secular bull market. and get this. that lasts decades. chief investment strategist at raymond james. jeff, really? decades. make the case for this bull market. >> the last time that the dow jones industrial average and the dow transports broke out to new all-time highs was after a long multiyear -- in fact, it was about 17-year trading range between 1965 and 1982. both averages broke out to new all-time highs in late '82 and early 1983. and you started an 18-year secular bull market. this just happened again. you have the transportation break out to new all-time highs? january and the dow jones industrial average just confirmed it about three weeks ago. that is the fourth dow theory b

is this jeans business something that's not good for pvh?look, the calvin klein jeans business is the largest apparel category we have. jeans are over $1 billion business globally. >> okay. >> the jeans category the last two years has been under more pressure. if you look out there, which on the men's side, we've been selling chinos, much more color focus, and denim has really had a tough two years. we see that stabilizing this year and starting to grow. jeans a category that does go through cycles. and i think we might be buying warnico at the right time to see ourselves second half of this year as long as i see some real growth in that jeans business globally. >> one thing we're absolutely sure of is that you know how to integrate. can you compare where this calvin klein acquisition is to where you were with hilfiger, similar time. >> sure, i would say it in two ways. this is a much more complicated acquisition. >> okay. >> it's geographically more diversified. big businesses in asia, latin america, brazil particularly. big north american

watching pvh here in the after-hours.othing maker, owns and markets calvin klein among other brands. it is in the red here in the after-hours. it does look like guidance came in light on first quarter earnings. the stock down about 5% right now in the after-hours. and by the way, pvh's ceo will be with our very own jim cramer on "mad money" tonight. back to you, melissa. >> all right. josh lipton, thank you for that. citigroup making our call of the day on a research note predicting that oil demand may be topping out much sooner than the market expects. citi saying that the natural gas revolution in the u.s. and u.s. fuel efficiency standards in vehicles could be enough to cause global oil demand to plateau by the end of this decade. also pointing out that oil demand is already lower due to higher prices. beaker saw a trade in all of these charts. >> it's short gasoline, long natural gas. you can do that as a pair trade or one leg of it as you want to do it. if you look at gasoline, we're about 9.5 billion barrels a day i

. >>> pvh feeling the heat with its weak guidance taking the stock down.ramer's take on those shares. >>> the blackberry analysts had expected a loss of 29 cents a share. plaque berry lost 3 million subscribers during the quarter but sold 1 million units of its new z-10 device. the numerous changes at blackberry over the last year are having a positive impact. he will be a guest on street signs today at 2:00 p.m. eastern. that's a must-see interview. just watching the stock premarket, what a ride it has seen. amazing. >> i think there are people who want this stock down. we've been talking a lot in a very safbvy way in this network about how many people were shorted. let's not lose the -- this company was supposed to have a terrible quarter. they did not have a terrible quarter. makes it more likely they'll be in business for a long time. makes it likely microsoft or nokia makes a run at them. when you see a company make this money without the new product, gi back to some parts -- morgan stanley piece saying, maybe you don't even have to think about the de

and then there's pvh, the toughest of the lot.ecause the ceo told us the lowered guidance and had to reset the whole year. to me that meant be careful. you could have a lee jeans situation. i will sit out that sale and let things shake out. no hurry. we will get a chance and we have to take the chance when we get it as if i don't think the sellers are finished yet and the stock could be in the penalty box for a couple of weeks at least. it was a truly disappointing quarter versus what i was looking for. we can always circle back to that one. remember, when you go shopping, you now know to look at the web for competitive information before you buy, right? same with stocks, forewarned by the web is forearmed in the market. if you don't make money, stay away from this mall. you'll just get fleeced! stick with cramer.

pvh currently. investors sold off after the company issued a profit outlook well below the street's forecast. it, too, saw its fourth quarter earnings jump but its shares fell after it forecast weak full-year results. >> it's been a very busy week. after slapping down $150 million. nutritioning a major play in real estate. a lot that is going on at the moment. >> we're going to take a walk on the beach we're going to tell you which of the amazing seaside mansions are for sale, coming up next. with fidelity's new options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. no they don't. hey son. have fun tonight. ♪ ♪ back

pvh, not what i wanted to see. there's always a bull market somewhere, i promise to try to find it for you. i'm jim cramer and i'll see you tomorrow. >>> welcome to today's "worldwide exchange." i'm kelly evans. these are your headlines tr around the world. cash has been brought in by the truckload, but tough capital controls are in place to keep people from clearing out their accounts. >>> the euro as europe's is set to begin deeply in the red. the dow is set for its best performance in 15 years. >>> and beijing tightens wealth management rules in an effort to curb financial risks. plus, blackberry goes under the microscope today as investors hope the new z10 smartphone will help the company turn around. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> okay. a lot is happening on the program today. first, potentially more relevant than the near term issue in cyprus is just what's happening with m3 figures. we're due to get february figures out and here they a

and warner acquired by pvh. those deals had lower prices than timberland. a valuation for a coach takeout like that, you still get a 25% premium to where coach is right now. i like that. plus, it's not like coach is sitting there getting shot at and doing nothing about the dilemma, saying i'm sorry. sorry that we're not improving. the company has been taking action. we learned a month earlier that coach's long-time ceo lou frankfurt will be stepping down at the beginning of the year, although he will stay on as chairman and be placed by victor luis. and he has led the company's expansion to asia, a huge growth driver for the stock. lou did a pretty good job. it used to be a little company. he always struck me as one of the best execs in the business. after a year of lousy performance, you know what? the company needs to make a change, if only to show the market they are trying to turn over a new leaf. there is a sense that the coach brand got stodgy, logo became way too pervasive. outlet stores grew to be too large a part of the business. and 30% of the sal

also, earnings, paychex, pvh, red hat, five below and texas industries.e down in the last half hour, along with markets globally on the back of what's happening in italy. but anyway, looking to shed about 35 points at the open. so, if the s&p wants to claim new highs, it will have to come down perhaps with some of the data flow out of the u.s. today. >>> the white house says president obama signed the continuing resolution into law tuesday, which funds the u.s. government through september. the bill which was passed by congress last week removes the threat of an immediate government shutdown. the measure keeps overall spending at levels mandated by the sequester. the $85 billion in spending cuts that went into effect this month. for more on what this means, jared bernstein joins us now, senior fellow at the center on budget and policy priorities and former chief economist and policy adviser to vice president biden. also a cnbc contributor, and bill blain still with us. jared, look, we've avoided a government shutdown for another six months now, and what w

pvh, not what i wanted to see. there's always a bull market somewhere, i promise to try to find it for you. i'm jim cramer and i'll see you tomorrow. >>> good >>> good evening, everyone. i'm larry kudlow. this is "the kudlow report." a new study on obama care shows soaring insurance costs and premiums for consumers all across the nation. you know what? this puts a dagger through the heart of the obama care argument that it would bend the cost curve down. instead that curve is now rising sharply. you know what? government control will do that. free market competition would have brought costs lower, and they're already lining up in cyprus for the re-opening of the banks in just a couple of hours. the question now is whether it will be a bank-run blow up or some temporary or contained cash controls. will it spread to greece, to italy or spain? i think it's doubtful, but nobody really knows. we will have a report on the ground from cyprus. and hiring our heroes. a wonderful corporate program to hire 500,000 military ve

pvh last night disappoint. got to wonder whether the consumer is cutting back in march.as unbelievably cold. people will get negative because of the weather in march. they'll be wrong. >> okay. that's a story i like. >> weren't you wearing pvh -- >> yesterday. >> it was disappointing? >> they bought calvin klein and they've got a jeans problem. you go to costco,er that giving jeans away along with the crop dip. you snow. >> we will end, jim -- what is your most -- what game are you looking for? >> this game tonight. syracuse must lose. it is a must-lose for the orange. >> it is a must-lose for my brackets. >> i have to have it or else i'm going to start to think about baseball. >> i think it's at like 9:40. you going to watch them all? >> yes. of course with sal, that's a tough ticket. >> that's tomorrow? oh. shockers and lasalle are tonight -- that's the late game. >> we don't have to work tomorrow -- >> i know. but next week we got to work on the final, unfortunately. >> what can you do. >> but if indiana's gone we won't watch it anyway. >> exactly. have a great, great

. >> i have a pvh outfit. sorry, mine is $38 at kohl's. stock and fashion advice. tomorrow on "squawk" let me tell you, we have a big lineup of guests to talk about the markets on the last trading day of the quarter. mike santoni, barbara marsen and russ koesterich and we do have joe kern. it's not what you think. it's a phoenix with 4 wheels. it's a hawk with night vision goggles. it's marching to the beat of a different drum. and where beauty meets brains. it's big ideas with smaller footprints. and knowing there's always more in the world to see. it's the all-new lincoln mkz. ♪ ♪ ♪ ♪ ♪ ♪ >>> talking about rogaine. there are a lot of side effects. >> i think no. >> two stocks of the day, u.s. airways and aig. the company is run by our squawk news makers this morning. we had great conversations with doug parker and bob benmosche. >> that does it for us today. make sure you join us tomorrow. it's the last trading day of the week. "squawk on the street" starts right now. ♪ ♪ ♪ ♪ >>> good wednesday morning. welcome to "squawk on the street."