tj maxx, ticker symbol tjx.ting a record high after beating on earnings and raising full-year profit forecasts. but what should we glean from the fact that it is a discount retailer that had such a strong report? is this maybe a canary in the coal mine type of signal that the consumer may be shifting? we bring in our floor show traders, smartest guys in the room, as always. john corpina, what do you think? anything that you read between the lines of tj maxx's success and some of the others faltering? >> you know, liz, you mentioned the word shifting, and i think that's a continued theme that we're seeing in this sector here. we've shifted away from brick and mortar and gone to online. it seems like it might be shifting back in some direction at that point. but clearly, we're going to get a lot of mixed reviews out of the retail sector just because of that. consumers are buying things if spending their money in different way, and they're got many different options out there. kind of interesting that we're going t

tj maxx is their biggest tenant. these stocks will continue to roar higher.k over the other shopping center regency center supermarkets but still sjx top five tenant and most recent investor presentation, tjx and ross stores as two of the best tenants opening lots of properties they call out tjx and ross as members of the top 25 tenants. strip, camco, tjx is their largest tenant with ross and burlington top 15. these off price chains are still expanding. so what makes these companies such great tenants i think the landlords love them for the same reason customers do tj maxx and ross are treasure hunt stores. you can find deals they buy fancy stuff from department the stores that are desperate to unload their old inventory at a huge discount, they got the cash, and they mark it up a bit and sell it back to you. that's why shoppers keep coming back they generate more traffic that benefits their neighbors in the same shopping center they are all the winners from the road kill losers in the mall this is all about value, people. you simply can't find deals this go

we have got tj maxx, i mean, we have got the whole gambit of somewhat luxury all the way down to the price point. who will be the winners, do you think? poonam: i think the winners will be who they have been all along, the off-price retailers, tj maxx, burlington, ross, they will post outside same-store gains. department stores, we're seeing down, maybe up .5%. and thattill weak, trend likely continues as they struggle to drop traffic. lululemon is a retailer that we have seen post double-digit signature sales gain all year, and we expect that trend to continue. the athleisure trend will continue. caroline: long leggings. poonam goyal, bloomberg intelligence. let's get a headline for you. a governor's report meeting that u.s. workers are failing to meet the skills needed in the economy. literacy, numeracy, and digital problem-solving -- 19% of those surveyed ranked the lowest levels for that problem-solving ability. thatberg has learned facing a security and permissions exchange inquiry. the real is set to be -- the review is set to be preliminary and will not lead to a case for the

tj maxx, parent company of tjx sending out the statement they deeply regret that.going to happen when products get taken off chefs, they get shelved into warehouses and other places. if they were not recalled when they were in the warehouse, i'm not making excuse the warehouse may not be aware. melissa: consumer beware, know what you're buying. meantime use it or lose it. twitter will start deleting inactive accounts, freeing up user names starting next month but the company is backtracking this afternoon saying it will only start with accounts in the eu. bret, they said it was going to if you didn't tweet in six months. that is a lot of accounts. >> that is a lot of accounts. i feel like a lot of people use twitter passively. you get the account, want to see what is going on and what the people say and president. melissa: never send out a tweet. >> i rarely send out a tweet. i want to follow up with news agencies. if you have a twitter account, they will say it starts in the eu this is what a lot of tech companies do, they send out these massive alerts. we will st

. >> underarmor's problem wasn't it they relied a lot on a tj maxx. >> tj maxx. >> you would get the there that's what was on the shelves i totally agree. the only thing i look at nike, the reaction was positive preponderate but look at the pe kwsh karen this is a name we talk about on the desk talk about stretched if we look at disney saying stretched i'd say nike feels stretched starbucks. there are names out there that people try to pile into but is it late to be piling in? wait for the pullback? to amazon, guy, i agree, this is going in the wrong direction i would not be bullish on amazon. >> speaking of retail we could see the test of the consumer when one of the world's largest retail resist reports tomorrow out with earnings before the bell shares up 29% this year sitting a stone's throw from the all-time high. will wal-mart tell us the true story of the health of consumer, grasso. >> wal-mart was the only one that people thought could actually compete aggressively against amazon they've been doing everything right. so is this the true test of the consumer or true test of how

ross, tj maxx, target and walmart.he value proposition is so important. >> i've been trying to weave together a theme home depot diving after earnings but lowes hitting record highs then the luxury side of things rh, yes, some warren buffett involved in that it is not necessarily one thing. not one part of the income spectrum or the price at all what can investors do with that? >> i think it is important to dig deeper into the data you mentioned home depot target, this week, they knocked it out of the park and stocks surged this has not always been the case target vest target invested a lot of money same with home depot they posted a growth from a year ago. they are now investing, the stock took a hit what we are seeing also is omni channel is a necessary evil. it is a big investment home depot saw 22% growth on line and 50% of that growth is derived from consumers ordering on line and picking up in store. for that, it is urgent to really invest in that omni channel. >> it is key the digital side of things is a massive

. >>> the retail industry got a wake-up call earlier this year, when tj maxx had the worst data breachking the attacks to different individuals and criminal groups. and a central figure for all of those breaches was gonzalez. >> and so, on may 7th, 2008, hi and four coconspirators were arrested. >> albert gonzalez is awaiting charges in trial that he orchestrated the biggest data breaches in history. they got 400 million credit card numbers from 5 companies. >> he was spending times in luxury apartments and had an $80,000 birthday party and nice hotel in new york. >> the secret service dug up $80 million in his parents' yard. he was adistricted. he couldn't stop. in 2009, albert gonzalez pled guilty to multiple counts of conspiracy, wire fraud, computer fraud, access to vice fraud, and aggravated theft in related to hacks and intrusions. >> he was sentenced to 20 years imprisonment because at the time was a massive sentence. it was a just sentence. it was a shoutout to the criminal world that this was taken seriously. >> i felt betrayed. it was personal to me. there were faphases of th

also macy's faces really stiff competition from off pricers such as tj maxx, ross and amazon macy's was a little late to the game in terms of more speed in execution of brands and trends we're in a new instagramable nation with the transformation of the ways people shop and you really need special product. in addition you need a special store experience, and the mall has been a horribly tough place with negative mall traffic our preference this week is for customers to own target. we think target comes at a nice pe relative to walmart it's well positioned there's private label there and curb side pick-up. we're cautious on the department store sector and macy's has some unique challenges. they are working hard across different themes but it's still very small as a percentage of total in terms of commerce, what they're doing with growth 150 and their loyalty program. >> but is there any unique opportunity? what i mean is let's talk about the real estate. a couple years ago starboard value came out and said they believe the real estate is worth about $20 billion, far more than the market

. >> tj maxx bucking the trend closing in the green after a beat on both on the bottom line. but then there was the bad that's home depot. it did get hammered this amp missing revenue expect rations cut the 2019 sales forecast but the ugly, that is reserved for kohls, the shares down 19% posting the worst day in more than two years we shall also note we just got results from urban outfitters. you can see it the stock down as much as 14% in the after hurs. after reporting a miss in the top and bottom lines so of course the question today is retail paying company, or telling us something about the consumer as we head into the christmas season guy? >> david, no, no, no that's not how it works if we make it to january and i say if because in tv as you know anything can happen. >> yes. >> but if we make it it's 13 years. in the 13 years this is your maiden voyage -- maiden voyage on "fast money." >> they never asked knee. >> it's incredible. >> i wanted to do is so badly. >> you're the mt. rushmore you are the god. of course joe would be the ugly. the eli wallet i don't think it s

tj maxx not doing too badly. come on in again, scott.t paint a big picture of consumer confidence and strength when you look at home depot an kohl's. what do you say. >> until tomorrow until we get another retailer out. home depot is due to ill timed investments hadn't come up to fruition. they set everybody up for better second half the year and they haven't lived up to it. at the first clip, home depot is up 39% for the year. these things are allowed to come back down to earth just a tad. stuart: the stock is already up 39% this calendar year. that is extraordinary. scott, stay with us for a second. we're down 48, 49 points. just below 28,000 right now. and now this. >>> this is a sorry story about an imperious founder, adam newman, the shredding of his company, wework and end of unicorn dreams. this reminds me of the dot-com bust 20 years ago. in january of this year, wework was the king of startups, worth $47 billion and newman was getting ready to go public. to do that he had to produce a in depth look at his company's finances. ins

all the 14,000 retailers, stores that closed their pain has been the gain of walmart, target and tj maxxave consumers who don't have as much choice, who are now going to the big retailers, who are adaptable. they have won the law of attrition. they have come out ahead and they do, they do a lot for the consumer. and the consumer now is in a very fragile position. keep in mind the consumer now is more overleveraged than they were in 2018. so the consumer needs to get the bargains in order to keep spending. stuart: i just want to take time out to look at two gigantic winners. hold on a second, jeff. when i say big winners, i mean huge winners. talking now about apple and microsoft. earlier today, susan gave us some extraordinary stats. if you combine apple and microsoft, the value of those two companies, what are they, they're bigger than 2,000 companies, russell? susan: russell 2000. bigger than the s&p 500 energy sector which includes exxonmobil. which used to be the largest company in the united states and in the world, remember. chevron also s&p 500 energy sector as well, bigger, combi

in with better than expected results what are they doing right with marshall's and home goods and tj maxxer tjx it has continued to be a good story which flies in the face of what we talk about a lot because they don't have a strong on-line presence we talk about how much that is changing the game in retail. but for a tjx, which also owns, of course, marshals and home goods, it's all about that treasure hunt and that value for the consumer there is a decent cohort of consumers that seem to be growing that like that business model, cool with going to the stores, don't need the on-line presence, like finding something special they feel is at a great price. i think it's a bigger business model story that continues to work for those off price retailers. >> always amazed when i look at the market cap at tjx. i forget how large it is. >> it's really large and has an international presence too we forget about that they're not out there as much media wise as some of the other names and they have a the questioner presence in the way they tell their story. it's not to be estimated. >> it's far larg

tj maxx. >> jerry, let's end on this theme you've mentioned many times.rtment stores and their stock prices. you've said this before, it's just going to get to be worse and worse for them over time, the department stores. is there nothing you could imagine that could reverse things for them? >> they have to fundamentally change their business paradigm and none of them are doing that. they have some great managements, but what they're essentially doing is trying to merchandise better or do what they've done for a century and that is not going to work. they need to rethink the model and it's going to change nordstrom has one of the greatest managements in the borl world. although their sales were still negative can you imagine that in this economy and their stock popular. over the long-term, this business model doesn't work anymore. they have to change it they have the brand names and the loyalty that they could change it, but i don't see anyone being inventive enough to make a difference. they say make it more experiential like they haven't been trying to

physical store, you better give the shopper an experience when you go in and that's what's working in tj maxx'sey have a nice mix of very low price discounted merchandise, you can buy outfits for you dog, i was in one with my daddy, it makes you stay in there because you're going through the racks and that's the kind of experience that -- target has done a better job of delivering an experience for the shopper. jon: did you get anything for your dog? dagen: i did, i bought antler and jingle bell collar and my daddy bought a belt and single coffee mug and some chocolate. again, it makes you -- because, again, i might miss something going through this rack. jon: by the way, your dog is having a better week than mine, mine just got neutered yesterday. maria: again, the services, the experience that they are trying to go to. meanwhile markets are down this morning, more uncertainty over u.s.-china trade situation, president trump has threatened more tariffs on chinese goods if no deal is reached, commerce secretary wilbur ross weighed in. >> china will have to make a deal that i like, if they don't

walmart is performing spectacularly well, costco, dollar general, another value player, tj maxx, ross stores, all bricks and mortar based, doing fantastic. there's going to be lots of winners. the losers are going to be the department stores who are struggling to find relevance in this internet era and apparel-based mall stores because, frankly, the traffic at the malls has declined -- ashley: right. that's very true. jerry, thank you so much. great stuff, as always. we appreciate you being here on this black friday. thank you so much. >> my pleasure. ashley: all right. now to hong kong. yesterday american flags were seen waving in the city, praising america and president trump after he signed a bill in support of the protesters. susan, you have the details. >> thousands, actually, in the city center of hong kong saying thank you to president trump and for those showing, basically, your help and your kindness towards hong kong in our fight for freedom. it was pretty much under the radar since we know president trump signed the hong kong democracy and human rights act on thanksgiving e

after the company missed same-store sales expectations it too lowered full year profit forecast, tj maxxrt global markets this morning look like this they are higher across the board, ft 100 up 88 points in paris cac quarante up 12 dax in germany higher 119 points about 1% in asia overnight markets mixed we are waiting on phase one u.s.-china trade deal has some cautious there hang seng index up one and half per kroebt despite protesters again stories coming up first top story this half an hour, the state of ipos the private valuations ride-sharing app juno, subscription service announcing they are shutting down, this coming as ride shark apps uber, lyft as well as male constriction service blue abe ron you struggled since going pub chairmen, alan patricof, what is your take we have disasters whether uber, off the highs, or wework situation, certainly collapsed in vam before even going public about. >> obviously, we work was i call a seminole event, we work really hit the worst demonstrated worst happening in terms of companies taking advantage of public in terms of shareholder dual clas

tj maxx had great numbers this week.g beaten by fast fashion like h & m who appeal to millenials. they are being beaten by e-commerce. amazon is growing like crazy. they are being beaten by discounters, walmart and target had great numbers. target's apparel sales were up double digits. stuart: it's not just the fact they are in shopping malls which are getting less traffic. it's the structure of the store, what they offer, how they offer it. its model is dead. >> it's dead, like a horse and buggy or something when people are, you know, driving drones right now. you know, you could clone, have a child from warren buffett and jack welch and that child wouldn't be a good enough manager to do anything about this mess. it's a terrible problem. their gross margin rate is 40%. they are losing 2.5% on every dollar they sell. it just doesn't work anymore. stuart: you got that right. very aggressive presentation there. >> well, it doesn't work. it's yesterday's news. it's open book. last month's retail sales report, department sto

i understand you have comments on tj maxx, target and home depot who you think are doing very well. >it's a great week for seeing what is working in retail, what's not. ashley talked about the housing situation earlier. great time for home depot. target is gaining share. retailers like tjx are doing fine. you will hear from macy's, uh-uh, l brands, uh-uh. do not try to bargain hunt in clothing retail t remains a disaster. there are many chains you have to ask yourself do we really need that company anymore? stuart: it that's bad. >> these two particular companies remain profitable and steady. there are plenty of chains out there kind of on the fence now. i think we'll see many years to come of accelerated store closures. a glut of merchandise that will make operating conditions very difficult especially for these two tied to the mall. who shops at enclosed malls anymore? stuart: some people. it is not totally dead yet. >> rich markets, only. b and c market malls are dead. rich markets only. stuart: you're right. jack, thanks for joining us. social media company tiktok tryingç to cut

had retailers -- instead of sending it to their own factory stores, they sent it to companies like tj maxx thought all this was legit at the time but they were doing it because they were under pressure to meet very aggressive sales targets and it blew up in everybody's face. you have a civil and criminal investigation. stuart: okay. please. okay. now, show me the big tech. there you go. apple, alphabet, amazon, facebook, microsoft, all up. i like the look of all of them. >> i do, too. they are entrepreneurial companies, particularly the middle three. microsoft, apple, trillion dollar companies doing incredible. we are looking at a strong market led by these guys. lot of people don't realize 8.5% of the russell 1,000, 1,000 companies are driven by apple and microsoft. so two companies are driving 8.5% out of 28% return. stuart: that's why money is pouring into these companies. they have tentacles everywhere. they are absolutely giant and are moving into different industries all the time. now, is that a problem for our economy when so much financial power and capital is concentrated in so fe

they have a bit of the treasure hunt feel like tj maxx which shoppers like, but they are great at seasonalems which they put in the back of the store and force people to go back. since 2014 they have had a tremendous push in e-commerce. some quarters reaching 40% plus gains in digital. hitting it out of the park. management has done a terrific job. the stock is up about 90% in the last 52 weeks. i think it's got higher to go. stuart: incredible. you think it's got higher to go. interesting. >> yeah. they hit it out of the park. stuart: online sales -- ashley: digital sales up 31% in this quarter. they were up 34% in the second quarter. store pickup, drive-up, you know, same day delivery, that's very popular with target customers. do you know how much of that is actual part of total sales? just 7%. they have a lot of room to grow in that sector. stuart: they are forecasting good sales -- ashley: yes, upping their guidance. stuart: up 9% as we speak. the other side of the retail coin is this. urban outfitters, absolutely slammed. the problem, women aren't buying their clothes. shah, urban is