shares of tjx have been on fire. they are taking aim with an options trade that has a 36-1 pay out. they will explain. total recall. the mighty short on microsoft is yet to pay off. he's got another move that can get his money back. how? the action begins right now. >> live from the nasdaq market site, the largest equity options exchange for melissa lee. i'm scott wapner. these are the traders here in times square. instant riches? start buying stocks. the best quarter in 14 years. the way it began, up. the goal is clear, my friends. find stocks and options that can make you more in the next quarter. let's get into money and find out how sears and bank of america is working s. this a recover or speculation? >> you mentioned bank of america and the way the banks got sold. they started working and that was a bit of a recovery play. the other names like netflix and apple and the things, i think that's kind of bubbly when you consider the market caps gained. the fundamentals haven't changed a lot. feels like a bubble. >> he is saying a great point. this is a company that they supposedly

want to show you shares of tjx. shares trading at an all-time high, up almost 3% today, and let's segway to j.c. penney. talking about it earlier with dana telsey. doing a bit of a reorganization in the executive level but you can see they will be laying off some 600 people. the ceo ron johnson making comments earlier today that he wants jc penny to look more like a startup. you see the activity in both of those stocks there. there's j.c. penney shares giving back about 1.66% and looks like the declines are accelerating a little bit. >>> with the 2012 masters tournament golf season is in full swing. the industry is growing for the first time in five years with the number of rounds played on american courses climbing for four months in a row. calloway is one of golf's most iconic names, and this morning it announced it's selling its top flight brand to dick's sporting goods. with him now in his first broadcast interview is chip brewer. chip, welcome to the "fast money" "halftime report." >> great to be here. >> weath

. >> i think performance of tjx you have to highlight that. you look at jcpenney and kohl's and the entire face and you're a money manager and say okay i have tjx which continues to work, that's where money wants to be. there's no reason to shift out of it. >> do you have a comment on jcpenney or kohl's? >> i do. the way we've been playing this, we've been short jcpenney for quite some time. we're also long macy's because we see a lot of value in macy's. major difference here, macy put a plan in place and they are executing on the plan. the plan is at work currently in the stores. jcpenney has a lot of plans. we don't know if they'll execute on those plans there. >> they have had more time to run the show than mr. johnson has had over at jcpenney. >> that's why you would think valuations would be more in line but when you have jcpenney trading up over 20 times and macy's down in 10 to 12 times, they are long space and short space at the same time. >> midday market movers that may not yet be on your radar. amazon is dropping. almost 2%. >> you

tjx up 10% as well.s up followed by continued aim store and gap, not impressing teen retailer, wet seal, ringing up dry sales. and costco falling short of expectations with just a 6% gain for the month. target's impressive comps propelling executives to a rare mid-quarter update upping first quarter guidance for both earnings and full quarter comp sales. both tjx and ross stores upping guidance both seeing their shares at all-time highs again today. bed, bath & beyond strong earnings. shares up 9.4%. even if strong march sales is just april demand pulled forward, the earlier retail sell merchandise, the higher the margin captured. tyler. >> courtney, thank you very much. job growth in the aviation industry is soaring from the plane makers to the engines and parts suppliers, phil lebeau joins us from one of those essential plants with some details. hi, phil. >> reporter: hi, tyler, i'm at the rbc plant in connecticut. this place has been on fire literally in terms of cranking out these. these are bearings

you heard it from target, from tjx, from costco. positive low double digit gain in apparel trends, and that's a pretty meaningful trend from where we have been. >> in terms of color, adrienne, what i've been noticing is colored jeans. and i'm curious if that is -- we did see quite a stunning same store sales figure from the gap that has had colored jeans in stock and also the limited. >> sure. you are definitely seeing colored denim is very strong for gap and limited, but it's helpful for target as well. i think it's any sort of newness and especially during the spring season that's encouraging. people are tired of the boring fall colors and any sort of excitement is spurring a lot of these shops, gap, limited, target, and even the department stores, macy's, nordstrom are benefiting as well. >> you know, adrienne, though, to this basic debate, i mean, is the -- is what we're seeing a reflection of a stronger consumer, hence a stronger economy, or is it much more related to the fact we had unusually warm weather for a very long perio

microsoft and tjx tomorrow aftermarket. they are in the holdings for the growth fund. companies we like and continue to buy. >> i will play devil's advocate. you like gold at this level. if you are worried about europe, that means the euro goes lower and the dollar goes higher. wouldn't gold go lower? >> they would. gold is a safety valve. we have a very uncertain environment and gold for us is a hedge against other bad news that might come out and not just about currency. as for how you position portfolio strategies in anticipation of what's happening in spain, long-term is very, very important, but short-term is critical as well. for us, we are avoiding europe if in fact the markets sell off, as we inside our notes, we are neutral and will go ahead and wait until we have a bigger sell off before we add to the equity. markets had a rally in the first three months of this year. even emerging asia is looking soft with what's happening with china. slowing and decreasing inflation. we are getting more cautious and more hesitant to put risk on after capturing an upside in

tjx and ross stores have seen all-time highs. >> great analysis. thank you so much.sector, wealthy shoppers continue to spend the big bucks, luxury sales have been outpacing cheaper items. at saks, sales up, nordstrom, fine jewelry, cosmetic, all reporting strong demand last month. so with the economic picture looking rosier, our guest is joining us good to see you, ed. thanks for joining us. >> hi, how are you? >> you're positive on the overall luxury retail market but how might it be affected by the volatility in commodity and currencies? how do you think it plays out? >> look, obviously volatility is not good for the consumer but we see unemployment continue to move down as long as the stock market continues to move up, we see them spend. >> why do you think they are fragile? what is driving that, ed? >> a couple of things. first, we have a number of fashion trends which are adding newness and causing that consumer to look at that closet. they are seeing a job prospect improve, not worried about losing their job, and then finally looking at their 401(k)s and seein

down further on the list and still benefiting significantly, old navy, gap stores, ross and tjx, all beneficiaries of that j.c. penney share coming out. >> i have a quick one here. apple, not a stock covered by you guys, but these guys are gaining 30 billion a year in sales, predominantly on consumer discretionary things, not necessarily on the pc side. where is this coming from? has to be coming from somewhere in retail. when you look at the sectors you cover, are you seeing this in some of these more discretionary names? >> apparel sales have actually been growing. the growth in apparel has been quite slow. it's clear consumers have a lot of interest elsewhere outside of apparel. within the categories that we cover, shoes, watches, accessories, handbags, jewelry, all have been the strongest growth categories. like i said, apparel has lagged. in terms of looking at where the share from apple is coming from, i would take a look at some of the other consumer electronics categories that have posted rather lackluster growth here over the last 12 to 18 months. kimberly, great to see you.

and off price discounters, tjx and ross stores also sitting right near new highs. very small groups in the market that are moving forward. kelly. >> all right. bob, thank you so much. this week hasn't been great. but history suggests next week could be a little bit better. take a look at this. all the way back to 1957 and looked at seasonal trends. these are the average moves for each of the 13 weeks of this quarter. and going back to the eisenhower era, the third week of april historically is the best week of the second quarter. why? perhaps buyers come in after they get their taxes filed. perhaps it's a spring fling. who knows, but history says next week is tops of the 13. >> reason to be optimistic heading into next week. but we've also got reason to be concerned because you've got, as "power lunch" talked about, a spanish bond auction. let's get back to this week. really we've been defined by renewed fears around europe. particularly spain. and of course the china stuff. let's focus on europe. major u.s. companies have about 20% to 30% exposure to the eurozone,

it was the first time in a while where all the divisions had posted some gains, but you like tjx as ansector best because in this environment with high commodity costs, oil prices, gasoline and such, people are looking for a bargain, but they don't want to compromise on merchandise and they've got quality merchandise and store growth. >> this tweet "ford stock below $12 a share, a steal or dead money?" >> i think it's dead money. i like the auto sector and the replacement cycle story, but they're losing share in china to gm and bmw. i'd rather own the parts companies. >> that's a restructuring story. you weren't worried about losing share in asia or the overall weakness in europe? >> well, both. i think 40% of their sales is international, right? so you kind of get the one-two punch. they're doing very well in the united states, so that's a good thing. i just think there are other places, if you want -- gm is doing pretty well in china. >> jim writes "kraft food stock, buy not now or wait for the spinoff"? >> we have been buying this week on the weakness there. was really no news out.