moments ago cnbc's courtney reagan is live in new york city where she sat down with ceo brian cornellerview. hey, security. >> hi, melissa, year two of the transformation that brian cornell announced at the very meeting last year. a lot of this is similar going forward but target emphasized it will use its existing assets and the resources much more smartly going forward than it has in the future and i spoke exclusively with ceo brian cornell about his decision to continue to increase capital expenditures this year to $1.8 billion. here's what he said. >> we'll continue to invest in technology. we'll continue to invest in supply chain. we're investing our stores, both remodeling and building new stores and obviously there's ongoing maintenance and repair so those are the really big buckets. >> now target expects that its comps are going forward annually from 2017 and beyond will increase by 3%. however, the forecast for 2016 comp growth is 1.5% to 2.5% and when i asked why the difference he said they are just being prudent in the economic and consumer environment, but the initiatives

brian cornel, chairman and ceo of target.hank you so much. >> thank you, jim. >>> coming up, wall street may have focused on the fed this week, but it's yellen's next move that has cramer all riled up. he takes you inside the head of the federal reserve. next. this bale of hay almost derailed the ranch. when a wildfire raged through elkhorn ranch, the sudden loss of pasture became a serious problem for a family business. faced with horses that needed feeding the owners were forced to place an emergency order of hay. thankfully, mary miller banks with chase for business. and with a complete view of her finances, she could control her cash flow, and keep the ranch running. chase for business. so you can own it. [bassist] two late nights in blew an amp.but good nights. sure,music's why we do this,but it's still our business. we spend days booking gigs, then we've gotta put in the miles to get there. but it's not without its perks. like seeing our album sales go through the roof enough to finally start paying meg's little brother

brian cornel, chairman and ceo of target. thank you so much. >> thank you, jim. >>> coming up, wall street may have focused on the fed this week, but it's yellen's next move that has cramer all riled up. he takes you inside the head of the federal reserve. next. olay regenerist renews from within... plumping surface cells for a dramatic transformation without the need for fillers. your concert tee might show your age...your skin never will. olay regenerist. olay. ageless. and try regenerist micro-sculpting eyeswirl. it instantly hydrates to plump and lift. ugh. does your carpet ever feel rough and dirty? our new formula not only cleans and freshens but also softens your carpet so it's always inviting. resolve. a carpet that welcomes you. there's a more enjoyable way to get your fiber. try phillips' fiber good gummies plus energy support. it's a new fiber supplement that helps support regularity and includes b vitamins to help convert food to energy. mmmmm, these are good! nice work, phillips! the tasty side of fiber, from phi

brian cornell has done every single thing right this whole way. the stock went all the way down. forget the top of the year. how about a year and a half ago when it was down under 50 and all the insiders came in and bought. we said insiders have come in very much like steve wynn did and started buying up the stock and then you get brian cornell to come in here and have the turnaround they have seen so far. the stock does not trade expensive. it trades at a 14 times earnings. they give you a 2.7% yield and shrunk by 33% in the last decade. management is unbelievable and that's what makes them so strong in this environment so it's $15 to the down side this is a stock that if it gets to 90 more than likely it gets to 100. it goes to 100 before it goes down to 67. >> trades on four stocks making news today. first up micron is lower after missing on its revenue. joe you have been bearish on the name for awhile. >> i have been and i don't want to buy it. you have a lot of analysts that will downgrade it and lower the price targets and make it a single digit name. the problem is the lac

brian cornell has re-invented target in a way that says we're opening in tribeca.n october you go to target. target greatland where you need those giant land masses opening next to colleges. how many times when you take your kids to college i'm not going to walmart -- i'm not going walmart. take that gun from my head i'm not going walmart. they will go target. >> we haven't experienced that yet. >> how many apple crates do you need to put your clock radio on. >> we go target my eldest for throw pillows own clothes. my youngest for swim wear and furniture. what cornell is doing is saying we're going intercept when you have a baby we'll intercept when you move your kid to college. when you move your kid to college you don't go amazon because you got to get towels. >> this guidance out of williams sonoma is soft. lb downgraded credit suisse. >> i'm tired of the excuses at williams sonoma. they are charging too much. memo, you're charging too much. i was very disappointed. >> you loved these guys for a while. >> die. they kept saying west coast was a problem. now we're

>> i was speaking to brian cornell, the terrific ceo of target.said we give them all fit bit to our employees because they want everybody to be in health and wellness. i have made no money for them. i'm gun shy but at 15 it represents real value. the market can have multiple winners. listen to the conference call. i'm here to help. much more "mad money" ahead including a study session with all of your stock questions. don't miss this week's homework which we haven't done in ages. and should you -- [ sell, sell, sell ] -- sherwin williams before the valspar deal? don't make a move before my take. plus dollars for dollars, the lightning round is just ahead. so stick with cramer. >>> time to do some spring cleaning and catch up on our homework. when you ask me a question and i don't give you an answer i have to circle back and do some digging which we'll do now. some people say we don't do the homework when we claim we will. tyler called in about tyler technologies. i said i would get back with him. cities, counties, states, school districts. they au

remember brian cornell? my charitable trust owns target. that's cheaper and better without the real estate play. stop asking already if the rally is real. we are back in the black for 2016. time to return to examining the fundamentals. tonight, gwyneth paltrow and chris martin aren't the only ones consciously uncoupling in 2015. i will google them after. my staff wrote that. i'm eyeing a major energy player to turn a breakup into a positive for the stock. and did adobe surprise you? it was easy to get pulled in if you didn't watch "mad money" and the companies better off alone when i look at dupont's split. that's a speculative friday name i suggest you stick with cramer! >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter. have a question? tweet cramer, #madtweets. send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. pet moments are beautiful, unless you have allergies. then your eyes may see it differently. only flonase is approved toprelieve bot

i'm going to start by saying what i should have said was target, which is a -- and brian cornel, jeremywhere my data living, in oregon. jeremy. >> caller: jim, thanks for taking my call. my question for you today is on okroger. i hold a long position. they have given us about 39 quarter of solid performance. 2015, they beat in just about all of their lop-term guide cran. currently at about 1 1/2 p.e. and 15.2, and 1.7 vls taking those into consideration, i think the company is in good shape. do i simply hold my position? >> here's the issue with kroger, tugly two. one people feel they bit out more than they could chew. second, the quarter was a bit slow from the previous ones, but el know what? they'll fix roundie's by we'rend and you'll be grateful you own kroger. >>> should you be taking a bite of the company behind skinny pop? i'll talk with the ceo. >>> plus the company betting big on virtual reality. i have an inside look. i'm going to give you a chance to check it out. >>> and high-energy edecent of "the lightning round." stay with cramer. >>> c'mon, bad guys. >> don't miss cramer

now, i think that brian cornell does not need to defend himself because he had a remarkable quarter, the ceo. and i think that target is a gift. they're giving you a gift. this fellow's giving you a gift. mr. under way is giving you a gift here and i think you should take it. i also think that his analysis of just the usual pile-on of home depot -- and i love home depot -- no value added, but this one they're going to send down because when you go from buy to sell, people feel like they know something, but i'm telling you, the guy doesn't know anything, because i just spent a lot of time with cornell after he reported that quarter, and this is not the retailer to sell. it's just not. >> okay, all right. >> it's not. it's doing well. >> let's go now to an interesting story that i referenced a few minutes ago. bob wright who used to run nbc, was on "squawk box" this morning. >> yeah. >> and he was -- sorry, i asked a question -- i asked a question whether we had the sound bite. we do. it's interesting. listen to what he had to say about former ceo jack welch and a company that he could

target i think is one of those names that's just continued to -- brian cornell has done an unbelievable job and give you a great yield. the insiders bought when they told you it was time to buy this name and this name continues to perform over 80 bucks. >> rather buy coca-cola. >> how about both? >> the impact on that and that would impact coke. it would impact your pepsi. i mean, are you concerned about that? >> i'm concerned about everything. >> okay. >> but i will tell you, coca-cola, for example. look at the way the stock has traded over the last three months. rising dollar, falling dollar, rising market and falling market. it's done really well so when stocks trade well for potential head winds. that's a good sign. my one pushback to pete is i'm with you on google. when that stock went from 800 to 700 in a day. any concerned a all or is that just a blip? >> go ahead, karen. >> i just thought the environment at the time was so anti-f. a n.g anti-f.a.n.g. i think we're in a different market. >> people were going to get cash. so concerned about energy or whatever areas they were looki

brian cornell yesterday from target said childrens is hot. >> pillow fort?ose are big. >> those look incredible. >> i'm going to the nova game, there's a big target in brooklyn. 36 times turnover on paper towels and toilet paper. just keep turning it over. >> that's a lot. i think children's place is not done going higher. another guy we don't talk about because we keep talking about mike pearson. >> for good reason. >>> what's on "mad" tonight? >> game plan, and i'm revealing a spinoff, thank you dave kostin, which is fabulous. is dave here today? >> i don't think so. >> is jim stewart here? >> i don't know. >> adobe unbelievable. you have to ask about the movies, the sundance movies done on adobe. >> yes. >> that 54 trillion pieces of data on adobe. one of the most exciting companies that nobody talks about. adobe, oracle, sales force, workday, all blowout numbers and all we did was take a cue from linkedin and tableau. >> which has not recovered as much as some think. >> because it's not a cloud play. it's a digital analysis play. ibm has more cloud than

i had a brief moment to speak with brian cornell before he takes the stage to address the analysts.alked a lot about putting more emphasis on their merchandise going forward. however, they're still without a chief merchant. here is what cornell had to say about that. >> we had a terrifically talented group of merchant leaders and we're making some really good progress and it is showing up in our results. we'll keep looking. eventually we will rerhplace ou chief merchant. the team is making great strides and i'm partnering with them and working with them each and every day. >> so cornell himself is acting as chief merchant in a way. we expect him as well as the cfo kathy smith and coo john mulligan to address the community here, talk more in detail about their transformation plans going forward. the transformation they released just about one year ago today at this exact meeting. back to you. >> let's go superher rto sue he. >> gop presidential candidate marco rubio voting early in florida's primary this morning, casting his ballot in west miami where he began his political career 20