nike, lululemon. lululemon reported on thursday anna: how exposed is your market?e fed hikes rates, etc. what is the direct line between something like that and the facts you cover? if rates rise and my home is less and they are worth, am i going to buy a $99 pair of tights from lululemon? brian: there is a relationship between retailers and housing. the relationship is not as clear-cut as the market wants to believe. we will talk about home depot's and lowe's for a second. we are starting to see, this is what i goldman article pointed out, we are seeing moderation in a home price appreciation. that is something to keep an eye on. if we look at the ways homes depreciated the last several years, there is a lot of housing development out there. that is a big driver for sales of home depot and lowe's. i do not think that is going away soon. another thing to think about, the affordability of a new home becomes more challenging. that is likely to keep people in their existing homes longer. when they do, they are more likely to put more money in that house. there is a re

tom: am i going away lululemon or under armour? jonathan: lululemon have a great of sneakers for women. i like to see them do it from an, too. they sleek. tom: idea, too. jonathan: i noticed that recently. tom: i'm not going give object purcell -- give up purcell's. lisa: i am picturing you both in yoga pants and it is splintering. jonathan: it is very relaxing. tom: we have seen ferro and me in lululemon. are all three of us together for jobs day? that's good. jonathan: once went into the gym and i saw him working out. lisa: was he wearing lululemon? jonathan: weights everywhere. lisa: i'm not surprised. jonathan: anyway, that is a story for another day. futures right now -- tom: or the next hour. jonathan: on the next day. up .4. yields climbing by two basis points. yesterday, the two year yield of more than 18 basis points. crew this morning, down. let's call it 50. lisa: we are not in vienna, but if we were, we we are tracking that opec meeting -- we would be tracking that opec meeting. you said how much of the going give a nod

i think it's going to break down >> what's your take on lululemon in is there anything interesting for, be the valuation or catalyst ahead of earnings >> i'd address, mike pointed out, is it a gap multiple or n nike multiple. it's a nike multiple they're growing faster than nike somewhere around 25% growth. but, again, a company like nike that has dtc roughly 55% of their revenue comes from stores. the e-commerce trend is strong. this is where it's traded for the last couple years. in the environment that we're talking about that's emphasized by a day like today, the question is how should this multiple contract and what premium are you willing to pay to me, mid-20s on lulu is where you want to be looking at 11 bucks a share in 2023, if you take that to 30 times, you're talking about 310 a share. maybe you get to carter's level around 250 >>> one group of stocks catching eyes it's time for the biggest sale of the year, on the sleep number 360® smart bed. why choose proven quality sleep from sleep number? because proven quality sleep is vital to our health and wellness, only the sleep n

but to use lululemon pants, no, used bras, no. it to bridge too far? >> raymond: i gives a lot of people -- know a lot of people with consignment, but it's mostly dresses and bags like you are talking about, i have family members, i'm kind of with you. i get a little worried about somebody else's funk in my soul. >> kennedy: they have to spend a lot of money on the market. we clean everything. >> kayleigh: no, in the era of covid and monkeypox and a new china virus i was reading about. so no two swimsuits and bras. >> kennedy: you can buy those things on amazon's. it >> raymond: i am afraid of hotel sheets at this point. >> kennedy: never take a black like into a hotel. are you wondering what next season's fashion trend might be, balenciaga calling the most expensive trash bag in the world, the trash pouch being sold for nearly $1800. balenciaga recently debuted during winter in the 22 fashion show, so how does it hold up compared to hefty or glad? >> kat: we talked about this already it's the greatest flex in the world, oh, you h

have broken out at espresso bars in aspen, santa monica, bethesda, thousands of masked ladies and lululemon discovered all at once that the one religious leader that revered their even tinier version of the dalai lama has decided to retreat forever from public life, the equivalent of a targeted nuclear device detonated -- you can picture the carnage, the wailing, the smoothing, manicured hands fumbling for xanax and an expensive handbag. not since the orange man sees the white house with a russian coup then -- wept shamelessly in public. there's not enough rose in napa to quell that pain, and it's never supposed to be this way. a few months ago, he suggested to his followers that he would be around for at least another two years, which would be -- the highest paid federal employee -- and you know that meant, many more interviews on npr, tips on masking. is it three enough? of course, more vital guidance. thanksgiving this year -- dr. fauci will know. he is sitting masked at brian stelter's house. this morning, he announced his abdication. "i will be leaving these positions in december of th

tesla, spacex, the lululemon of health care. >> can i just, just continuing that for just one second, becky if i could just add to that, because we do talk about it a lot i don't mknow if you saw how may people were calling for new lows all along, from june 16 all the way along saying we're going below 3600 what do you think of the notion that we had a really good bounce much more than people thought, back up to 4200 or whatever you had said now it's being questioned again, and it almost makes me think, instead of that being a bull, a fake rally, a bull in an overall bear, i think now this might be a quick bear fakeout to are pe people questioning i don't think we see 3600 again. >> you know, i started business in 1970. and 1982 began baron capital and at the time we had a small number of assets under management the dow jones was 800, and people were really upset about the market being, you know, inflation, finterest rates, that's when i started baron capital, 1982. but if you go back to world war i. 1918 q we had the spanish flu there was inflation, and we ended a war, and then the s

lululemon is selling used yoga pants. a local parent company says.en tv host are getting into the act. and of course, secondhand is a more palatable way of putting it, the rising costs due to inflation, the article claims that some find items more gross to buy than others, anyway, this seems like a good place to talk about it. >> hello, do you see anything you like? >> yeah, i'm going to get some of these distressed underpants. >> great choice. can i interest you in this pre-chewed sandwich? >> i'm going to get one of these used toothbrushes as well. >> have you seen a toilet toothbrush? >> my dad gave it to me. >> you don't want to know what i had to do to smuggle this out of albania. >> according to this article, 50% of millennials look for used before new clothes. >> do you buy used stuff? >> yes, i do. >> i have to wear different shoes, i'm not going to be walking around in heels in the wild, so i'm only wearing them from that greenroom to hear, so i do buy used shoes 3 used heels? >> yes. >> that would make sense. >> well, there are some things

lululemon, i love it but it's getting stretched on valuation.ell it but 12 bucks, 342. >> i don't want to talk about this but i will talk about the deadline the yankees are making. lockheed martin, too cheap in this environment. >> not sure if it will be enough but for chevron, the buybacks are enough to continue to drive this again with a major pullback at key levels. opec this week. >> my mission is simple, to make you money. i am here for all investors. there's always more to cover and i promise to help you find it. mad money starts now. i am jim cramer. welcome to mad money. i will help you make some money. my job is to continue to educate to teach you make money. this is a

lululemon reports on thursday.k good for their international segments and their men's department. they're not liking lululemon. octa was down more than 1%. their price target cut to 110. still higher than where it is here at bmo capital. they see a lot of competition in this space especially from microsoft. they keep their overweight rating but they are cutting the price target. ashley? ashley: all right. thank you very much. okta down 1 1/2%. now this story, a u.s. coast guard cutter conducting patrols in the pacific ocean was denied entry into a port in the solomon islands. that is now raising concerns about china's growing influence in the area. let's bring in senator marsha blackburn, republican from tennessee. great to see you this morning, senator. how big of a concern is this? >> this is always a concern. when you see the way the chinese communist party is doing into the solomon islands, you know, ashley, one of the things i found out from being there on the ground, visiting with the prime minister is while

underarmour, lululemon, dick's sporting goods we had a strong quarter out of dick's sporting goods and been the one holding up for a lot of these companies and today, though, the stocks are breaking. canada goose, tapestry, down more than 3% canada goose down more than 4% while there's safety in the discount space during recessionary times not today. look at 5 below, dollar tree, burlington off 3% and somewhere above 4% down. one area of retail that has been holding up in general and share performance is beauty and the economic trove about the lipstick indicator has held true you know the one where lipstick is a small luxury even when times are tough. >> they solidified the beauty strength thats held up by others up 19% in three months and of course d, you're not really seeing it, as well. >> last thought. i'm obsessed with inventory and labor costs heading into q4. how are these companies possibly going to weather that? >> this is going to be really tough. i mean, look, we know costs are high and supply chains are tough and because supply chains are tough there's been a lot of invento

is a well-rounded, very large board of directors you've got representation from general motors, lululemon, oracle, carlyle, master card, nike julia, what do you think he has in mind here what would refreshment be here i'm not seeing any direct tie to advertising. do they need a ceo who has more experience in that >> certainly they could benefit from having more board members who have experience in advertising. they also have to worry about making sure there aren't too many conflicts of interest that is one reason they have had board members leave in the past. as disney gets bigger, it's such a diversified company in terms of exposure to the parks, to streaming thigh think the risk of conflict of interest is one factor to keep in mind i'm very curious to see who dan loeb wants to add to the board kanyi, is there any hole you see need to fill in the board? >> i think you make a good point with respect to advertising. it comes down to where we're entering streaming era 2.0 we've left the idea of having pure subscriptions and growing on content deals and have to look towards advertising i thi

and i just bought my first lululemon cross-body bag.n there and a couple of butterscotches in case i'm feeling like a nasty bitch. we've got to squash this disease. you sexy fellas do so much for this country. like explaining to me what the hell britney spears is doing on her instagram. whoa, nelly. that's a lot of cake. anyway. let's do this together. as a big old gay family. yeehaw! [ cheers and applause ] >> once again, the president of the united states of america. [ laughter ] good lord. okay. so from time to time jimmy likes to shine a light on the finest journalism on tv. and with that said, congratulations are in order for meteorologist greg dootra from abc chicago, winner of tonight's award for "excellence in reporting." [ cheers and applause ] >> kind of hung up just a little bit -- i moved the map. i didn't know -- i can do th wa! >> did you just discover that? >> oh, oh, oh, oh, man! it's a great day! it's a great day. i didn't -- i just -- i've never -- >> seriously. >> i've never touched it -- oh, my gosh. you can tilt it?

you've got lvmh, to lululemon and tapestry to capri holdings and we hear from lvmh that owns dozens that things are okay and they see the high end customer surviving here. does that mean that they're stocks are a little more insulated? >> i think at least for the time being they are. we've seen the pressures on the consumer move from just the low income consumer and starting to move up to the middle income consumer, and they tipped like wal-mart talked about it, all birds, signet and costco mentioned in terms of jewelry sales, there's pressure on the middle income consumer and high end consumer and they're a little more insulated and tapestry still good and occasions for fancier clothes is still something people are going out to shop for. yeah, it's eventually getting tough for those guys too. for right now, it seems like they've given us the all clear. again, i would point to this being a really tough quarter for a lot of retailers, but it could be a big catalyst for some of the names that you people really want to own for the long haul and again, go back to target and nike and so forth

last time we talked about wealthier folks shopping, lululemon s that still a viable idea?g about hermes, burberry, passing on high prices to consumer and consumer remains engaged for the remainder of the year. when we look at true winners, it is still hotels, leisure, and restaurants. consumers wants experiences over things. they're going out even when we look at restaurants, they are choosing casual dining over quick service. they want to sit down and have an experience and to out with their families after being couped up at home. that is where the strength is in 2022. charles: yolo kind of thing. only live once, might as well party right now because you don't know what will happen next. >> absolutely. charles: >> rohn, thank you very much. my takeaway on another wave of massive losses for the shorts. they call themselves the smart money. guess who is beat them? the so-called dumb money. we'll be right back. ♪ charles: it's another day on wall street, another day where the retail investors are crushing hedge funds. wall street in general, the so-called meme stocks continu

we'll talk more about retail tomorrow i will speak with the ceo of lululemon and you can see it on "closingicro strategy shares after accusations of tax fraud we'll share the details straight ahead. that story plus an analyst on bed, bath and beyond and snap losing ad execiv tuteso netflix when we take you inside the "market zone" next (vo) is three hundred and ninety-one thousand four hundred and thirty-four square feet... enough space for your ambition? loopnet. the most popular place to find a space. power e*trade's award-winning trading app makes trading easier. with its customizable options chain, easy-to-use tools, and paper trading to help sharpen your skills, you can stay on top of the market from wherever you are. power e*trade's easy-to-use tools make complex trading less complicated. custom scans help you find new trading opportunities. while an earnings tool helps you plan your trades and stay on top of the market. >>> we are now in the "closing bell market zone." commentator mike santoli to break down the crucial moments of the trading day plus julia boorstin on netflix, snap e

we recently added to lululemon. tuck away, keep adding to it, tuck away for next three to five years. charles: i have less than a minute to go but what are you buying, nancy? >> i like technology. we've been nibbling around the edges to technology, we added some to health care, those names. you have to be very particular in that case. some of them will get hit with price controls that are talked about or were passed in this bill. so you kind of have to navigate some of that and i think in general we still do like names like steel dynamics which we added to recently. we added to target on weakness. so cyclicals, industrials, but also some of the material stocks like steel dynamics and i think that rounds out our portfolio. charles: golly, nancy, i was like keep talking keep talking because we almost went to the positive, almost, that was, you know, we always talk about the cp effect. there you go, bam! green on the screen. i knew you could do it. thank you very much. always appreciate you. >> sure, charles. charles:

that's a great idea, but here we go how about these cities >> steve: okay pepsi-cola [ laughter ] lululemon beyonce. >> yes [ laughter ] >> steve: bloomin' onion [ laughter ] "sex and the city. [ laughter ] harry belafonte. [ laughter ] dave coulier, damn [ laughter ] hadouken >> yes >> steve: nipples. [ laughter ] oh, banana penis [ laughter ] mini-penis [ laughter ] my anus. [ laughter ] man's asses. [ laughter ] and masturbates-ville. [ laughter ] >> jimmy: all right, all right stop, stop that's plenty. enough that's - [ cheers and applause >> okay, wait. >> jimmy: that's more than enough >> okay, wait, higgins is right. this is easy i want to do some. >> jimmy: sure, you can try that one, if you want to >> okay. boom [ laughter ] easy vagina [ laughter ] >> jimmy: how about this >> west vagina >> jimmy: all right. stop, stop, stop all right, let's just stop i don't want to play this game anymore. >> i like this game. >> jimmy: we have a great show megan thee stallion is my co-host. give it up for the roots, everybody. come on, guys. [ cheers and applause ♪ [ cheers and applause >> jimmy

also the luxury names like lululemon, hermes and burberry.e consumer that high-end consumer is spending money, nothing holding them back. charles: nothing at all. thank you very much. always appreciate it. >>> bitcoin is breaking out. maybe the crypto winter is over already so where can it go from here? >> democrats new spending bill allotting for a bigger and spending irs. boy oh, boy, 87,000 irs soldiers out there. watch out, folks. don luskin is here and will give us his take. alright, limu, give me a socket wrench, pliers, and a phone open to libertymutual.com they customize your car insurance, so you only pay for what you need... and a blowtorch. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ ♪♪ this... is the planning effect. this is how it feels to know you have a wealth plan that covers everything that's important to you. this is what it's like to have a dedicated fidelity advisor looking at your full financial picture. making sure you have the right balance of risk and reward. and helping you plan for future gene

. >>> which is you haven't heard very much about, but you will soon it's the lululemon health care andthere. i've invested across the board in travel. i love travel. it's been deferred for three years and nobody's traveled and now that business has really taken off and we're investing in hyatt and we're investing in vail and redrock that was billionaire investor "barron's" buy list and the focus of today's three-stock lunch. it is up 10% today after being up 60% this year and hyatt is up 17% in the last month. and red rock resort the stock down about 24% in 2022, but up 13% just in the last month let's bring in steve grasso. grasso global ceo to trade these names and let's start with fig >> hey, seema. thanks for having me i am constructive on the name. the only issue i have is on a technical basis. the stock has been following a declining trend line and usually when it tests its hundred-day moving average and it fails, so i'm looking out on chart now and it did fail, it did just that and it tested the 100-day which is currently at 1188 and ron's comments this morning goosed that stock

the stock, though, has underperformed nike, the market and lululemon so far. >>> up next, we will discussnbase is rallying and on base for its best year ever that and a countdown to ocblks earnings when we take you straight inside the market zone. we'll be right back. do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. if you have $100,000 or more of life insurance, you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit coventrydirect.com to find out if your policy qualifies. or call the number on your screen. coventry direct, redefining insurance. wanna help kids get their homework done? well, an internet connection's a good start. but kids also need computers. and sometimes the hardest thing about homework is finding a place to do it. so why not hook community centers up with wifi? for kids like us, and all the amazing

little kids with lemonade stand high end apparel makers like lululemon are selling prio to yoga pants. they wash them before they sell them, but i wish they didn't, said andrew cuomo. good. a new study from cornell university claims it's sexist to compliment a female coworker on her social skills, which is why it's best to simply pass them on the , said andrew cuomo, as for me, i hate this study first. n' first, i couldn't complimentd women's looks and now i can't compliment their personal. so i'm destined to never tell female coworkers i respect intellectually and as friends. now i really feel well. i'm tired of living like that cat. i want you to know personally and professionally how much i value emily campanello. n cnn's brian stelter finallyed admitted this week that biden's laptop is not just a right wingm media story anymore. .but hey, let's cut brian some slack. he's got a lot on hisate plate right now. that's funny. finally, former seattle seahawks running back marshawn lynch was arrested this weeksu on suspicion of a dui in preparation for his trial. his attorneys have advis

, because they could have gotten way more for the fuel [ laughter ] the athletic apparel company lululemonunch a program this week where customers can exchange their gently-used clothing items for e-gift cards. or, if you prefer cash, there's always gary. [ laughter ] "oh, hey, before you go in the store, i'll pay double gently used, super used. gary's not picky, is what i'm saying." and finally, a man in florida recently broke a guinness world record by watching the movie "spider-man: no way home" 292 times and then set another world record by watching "morbius" twice. [ laughter ] and that was a monologue, everybody. [ cheers and applause we have a fantastic show for you tonight. you know him from "gray's anatomy" and "little fires everywhere," and now he's making his broadway debut in "take me out. jesse williams will be here, everybody. [ cheers and applause and he is a fantastic comedian you've seen on "the daily show." he has a new special on comedy central that's out this week jordan klepper will also be joining me [ cheers and applause and some very exciting news. i've been talking

espresso bars and edgartown in aspen and santa monica in bethesda s is thousands of mass ladies in lululemon discovered all at oncend that the one religious leader, they still revered their own even tiniergi version of the dalai lama had decided to retreat forever from public f life. itro was, ladies and gentlemen, the equivalent of a targeted e nuclear device detonated over the most emotionally vulnerableu elements of our most privileged population. you can picturete the carnageng a wailing, the swooning, manicured hands clutched, of, then fumbling for xanax and expensive handbags. not since the orangeman seized the white house in a russian coup. e have more . forty six year old cornell educated lawyers with week husbandd wept shamelessly in public. there's not enough rosie in napa to quell that pain. and it wasn't supposed to be this way. it neverto is supposed to be ths way. just t a month ago, saint toni suggested to his followers he'd be around another two years at least livingt a public expense as the highest paid federal employee till the end of joe biden's first but hopefully not las

more relevant, as well as the most convenient i also think that's in-class brands for us, nike, lululemonorld to me the off-price retailers, tjmaxx, burlington, ross stores, they are benefiting from in avalanche of excess inventory these retailers such as macy's are clear through right now, so the sect drifty is off price >> we'll see what back to school and holiday bring us great to see you thanks for having me >> matt boss >>> a former twitter executive is accusing the company of a number of security flaws and oversights our eamon javers has more on this important whistle-blower complaint. eamon? >> yeah, david, this is a whistle-blower complaint made this morning by cnn and "the washington post," both jointly reporting the news here. the name is peiter zatko, and his allegations say ultimately he believes twitter is lacks on their security, he did not responsibility to his efforts as chief of security to fix the problems he describes it as chaotic and rudderless company, with infig infighting the complaint is in a written document submitted to a variety of federal agencies, saying twit

lisa: you are talking about reducing risk and i look at some of the stocks that you like like lululemonong congressional areas that do worse during downturns. what gives? what is the difference now? >> a lot they negative views. the stock market rewards, a direction of change. you have to go high at some point. from a stock standpoint, they are down. there is just a turn of bad news priced into it. these companies have already --the market is pricing in that they are going to miss earnings. i have always been interested in companies with a larger. i think it is safer than thinking that you can pick and choose companies that are not going to have earnings problems. lisa: d think the opposite holds true? >> absolutely. you have to be careful with the mike wilson scenario. i think there is a lot of risk in that area. tom: how does everybody deal and they are buying three or four stocks and then you have to look at everything else. do you participate in those stocks and figure out what to buy? or do you actually run a diversified portfolio? >> i think there are plenty of companies out there

lauren: they own athleta version of lululemon.horted stock. it is being bid up by traders forcing short sellers to unwind the bets by buying it back at more expensive prices. it is at $14 but up 180% this month because of the social media chatter. stuart: we're back to that. lauren: we're back to that. stuart: disany. lauren: dan loeb's hedge fund has taken a huge stake. wrote a letter to bob chapek and the board. they want to make changes. that they spin off espn. suggest cost-cutting moves. they were behind the push to disney plus to streaming a few years ago. we'll see what happens with this one. stuart: disney is up on the news. 123 per share, got it. earlier this morning we found out homebuilder confidence dropped to a reading of 49. that was the month of august. more than half of homebuilders believe business conditions are bad. jerry howard is with us. he is the ceo of the national association of homebuilders. he joins us now. is home building sinking? i mean inclined to expect that. i see construction about everywhere i go