let's go straight to the source, the chairman and ceo of hormel foods.mad money." >> thank you it's great to be back with you again. >> it's great to see you, jim. i want to start at a high level. the federal reserve, jay powell said today perhaps he could slow down the fight against inflation, meaning slow down the rate hikes it's important because he is winning the war. if the fed were to continue to raise rates, would that help you or hurt you at this point? >> well, you know, jim, that's really hard to say i think for us, as we think about our business, demand for our products continues to be really, really strong. and we are operating in a very inflationary environment and we have been for some time now. so we're trying to be really, really smart and strategic about how we're approaching customers and the consumer, because we want to make sure that we keep them in our family of brands, keep them in our portfolio so we're not in this business for quarter to quarter this is a long-term story. and so when we're thinking about pricing and inflation, thi

hormel ceo tonight on "mad money," 6:00 p.m.imes more biotin to bring out more of your inner beauty. get more with nature's bounty. >>> welcome back to "squawk on the street." it's the last day of trading for the month. our dom chu is very familiar with the calendar. he looks at what sectors are driving the moves this november. dom. >> i'm looking at my watch, too. it says the 30th of november right now, david, to your point. from an etf standpoint, certain parts of the market have seen a steadier outperformance, if you take a look at some of the more interesting stories developing over the course of this particular month, it has been a turn-around in computer chip stocks, semiconductors, we've been talking about them a lot as a sentiment indicator for the broader technology trade that still languishes. but the etf is up 14% on a month-to-date basis. that's a big one biotechnology getting a little more attention these days as well keep an eye on that particular industry group meanwhile, internet related stocks, media telecom are

from the farm to the kitchen table, hormel foods, maker of spam and skippy peanut butter turning sourout 3% after reporting third quarter revenue declined from a year ago and came in below analyst expectations. during the latest quarter, hormel said customers bought fewer refrigerators but spam isn't refrigerated? right? neither is velveeta. volumes in the segment down 19% and they also bought fewer jennie-o pro pro pro products ay peanut butter if that category and sales were up due to price increases. that doesn't make sense. sales are supposed to go down when price goes up. from humans to pet, petco health and wellness company ticker woof announced a partnership with stella and chewies to bring healthier dog and cat food to carriers. the stock is up 16.5% today and on pace for the largest percentage increase since june of 2021. this move also comes on the heels of petco's better than expected third quarter sales. horizon therapeutics. this after the company confirmed it is in preliminary talks to be acquired by amgen. this is a winner, 26% to the upside right now and they'll be acq

. >>> shares of hormel trading lower, spam, skippy peanut butter and jenny-0 turkey a weaker than expectedes outlook and says it expects elevated expenses to continue into 2023. >>> time now for our final ceo of the hour. take a look at shares of intuit. this move coming after they delivered a beat across the board in fiscal q1, up 3% guidance for the quarter ahead under the consensus though joining us intuit's ceo sasan goodarzi good morning good to see you. i want to get to credit karma eventually let's start with what was good, what was strong. you are seeing small businesses move towards digitization even in the choppy economy growth above 20%. what are they more cleleaning io now? >> good morning, john. great to see you very pleased with our performance in the quarter and just a little bit of context about 50% of the company is small business about 35% is tax, whabout 14% is credit karma with small businesses, we are continuing to see a flight to digitization and there is two things that are important for small businesses one, they want to figure out how to grow their business and get

wednesday we hear from hormel, which is so much more than spam, even if spam is iconic, the food stocks have stopped going down, led by pepsico and general mills. a special nod to food inflation, but also to those who think we'll have a recession you know why because spam does well in a recession. we'll get results from petco too. each time petco reports it gets pommelled. after the close we get enterprise, round zero for the week of the entire market. salesforce starts it off i think this is a keeper, even if this quart per may be slow. the dollar is headed in the right direction. they have a big name activist firm pushing them to do better big buy back too salesforce has been the second worst performer in the dow after intel. i do not think mark c benioff wl tolerate that much longer. okta, another once red hot stock is bumping heads with a host of cyber security outfits as they used to have the identity space to themselves. covid, i mean, look, this could be a very difficult quarter. boy, i used to love having those guys on. i don't know what to say so many companies in silicone vall

as soon as the dmi does, that there could be a cut on the earnings front we're going to hear from hormel groups spanning the globe before the opening bell after the close, salesforce, box, and pvh, and we're going to get adp private payrolls at 8:15 gdp revision at 8:30, and 10:00 a.m., pending home sales, j.o.l.t.s., and we'll try to figure out what that means for this friday. the big jobs number. >>> joining us now our two guests i'm not sure you're loathe to try to time this market, i think, or even try to decide when there's going to be a pivot because in your view if your recognize the rotations that you're seeing the market, that's how you do it you don't need to know when the markets make the turn if you're in the right stocks. >> thank you for having me that's a shade of correct, joe what i'm proposing to investors, what's most important is to center portfolios on stocks that bring the characteristics of resi resiliency it's beyond what the thesis is behind it. the thesis about pining about the market is centered on earnings that would bring you back into owning sectors of the ma