also, tjx seems to outhustle stores. it is saying that they stumbled in their transition to rolling out product for the spring. an area where so many are struggling, all i can say is wow! ross is down more than 3%. tjx is up 2%. i'll bet they have more room to run. a slight for ross stores. if gap can report a good number, they deserve to go higher. thanks to its home goods business. while ross stores stumbled right at the moment when you expect these bargain basement names to be thriving. i say stick with tjx. may be by more than. what a shift. incredible. jerry in florida. jerry. >> caller: yeah, jim, thank you for taking my call. american, are they a buy or a trap? >> holy cow. have you seen that? i was looking at american and said, this thing can't move. this thing can't move. and i have to tell you something. i'll be very honest other. than southwest air, you can't. just too many woes. luv or bust. michael in new york. michael. what's shaking? >> caller: thanks. man. i have a quick question. at the beginning, trader

tjx. >> lunch it. >> and mcy des. pose this to you, uk exposure, one of the highest exposures to uk and europe. >> not sure it will hurt them, frankly. it's the lower end. talking fast casual. i don't know necessarily that's going to hurt. what i like about what east brooke's done and why i believe in this stock not as a hold but room to the upside after the correction. trading almost 132. now here at 119. when easterbrook came in, all-day breakfast, wants to simp pl laphy the menu, all stuck in a clog, otherwise, what mcdonald's was. i think all the different implementations of different things actually feed this stock to go higher and get that multiple lower. >> you raise a good point. give it to you on this. one thing to improve upon, relationship between franchisees and corporate headquarters. definitely an area to improve upon. >> sure. >> by the way, what if they just implement more technology? think of the cost savings dominoes got off that. >> and the a lot of folks that like the kiosk smell instead of somebod

>> i think tjx is very much in a sweet spot.heir presence in the united states and uk is more than do -- >> let me go to two european companies. one is zara, the other is h & m, we could throw in a third, which would be ikea. are those companies going to see their fortunes impacted here? >> so there's no question in my mind that companies that are based in europe, that are operating largely in european currencies have some risk attached to them. it is driven largely by their presence in the uk for each of them, h & m has the most significant presence in the uk of those three. but there's no doubt that all three of those firms will be impacted, h & m probably the most. >> all right. so, connor, how's the business overall? the consumer's doing all right? you do see some stores with vacancies. we had a guest on yesterday who said the good malls are doing great. >> there is a bifurcation right now going on between the highest quality real estate and call it the mid market real estate. and there's significant demand for top quality r

tjx. valuation has gotten attractive here, dsw. >> we usually rally out of fed meetings, xlf, u.s.a sell. but get a bounce. >>> thanks so much for watching. "mad money" with jim cramer starts right now. >>> my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. mad money starts now about. >> hey, i'm kramer, welcome to mad money many welcome to cramerica. it's my job to teach and coach you, not just entertain. call me or tweet me at jim cram cramer. we're in a bad moment, nobody denies that. we have all sorts of

two you like and owned are tjx, t.j.goods, my wife's favorite store and pepsi. >> the question was made about retail. i think that is probably true. tjx is a very good play that is retail but not in the traditional sense. and i think that downward trend towards looking for off price retailing which tjx does very well through tj max and home goo goods. the same-store sales are 6% on average in addition to continuing to grow. the store base is continuing to be very consistent across the perspective of what kind of markets they're in. i think that's really a nice opportunity to continue to work the retail side of things even though the traditional retailers are struggling. by the same token, pepsi, while staples can be a little bit pressured, certainly because they're a good place for defensive yield, the reality is pepsi on an average basis over the last ten years revenues have averaged p 7% growth. it's been a little slower lately. but the cash flow the company continues to generate is really impressive and allows them to

. >> fourth stock, tjx companies, we actually spoke to the analyst on halftime report bmo saying brexite a buying opportunity in the stock. the analyst just met with the cfo came away comfortable with his above consensus estimates outperform rating. there is very little immediate impact from brexit outside of currency volatility and tjx's uk businesses of note about 8% to 10% of sales, but brexit came late in the quarter decline in the pound that's an incremental half a percent sales impact. and you know what, if there's a uk downturn, people want to go downstream. they want bargains, they want values. >> only thing that be a bargain is the stock, the stock made millionaires. it was a $9 stock in 2009, now $76 despite the fact tjx owns home goods which is the store tyler mathisen hates more than any other store. >> not true. not true. >> he hates -- what do you hate more, home goods or beats? >> beats. >> me too. >> beet the vegetable, not beats by dre. finally -- different spelling. today's under the radar name, casey's, iowa-based convenience store chain, goldman sachs upgrading it fr

you can almost get something cheaper online except for tjx.l spend money on estee lauder which you buy at you will ta. your parents just signed up for facebook. you like to tweet, but now it's too mean, you wish they would clean it all up. you're not willing to spend $500 for platinum american express card, with when you can pay nothing for an affinity card. you would rather rent than buy, buying requires too much money. you can always live at home. you would rather have shifts than call shots over your own life. you multitask, so as not to waste a minute. you pay for the skinny bundle if you pay for it at all. you get your news from facebook and redit. you don't like paying for content online, because the internet is supposed to be free. you order from your phone because you don't like to talk, except to skype with your parents. you don't open a traditional checking account. if it's not an app, not on your cell phone, chances are it's not part of your life. how -- do you know how many jobs get destroyed? in that limited world, you're crushing

tjx, ross stores and what not. if they start to do better. what does that say about the overall economy if those are the types of stocks and companies that thrive in an economy like this. >> dom, i'm curious on any of these, it seems they would be high insured interest stocks. >> some of them have high interest and maybe a dead cat bounce because you have this move higher. it's a massive move higher say for michael kors or eight or 9% move something along those lines but whether or not it sustains is key here. the reason why i guess i stress the short aspect of it is because we have seen such a pronounced down trend, longer term a year or more for some of the name, especially for michael kors. michael kors unlike other names did hit a 52-week lower early, i want to say in june or rather january. so that's a stock that seen at least a little more potential upside trend over a medium term as opposed to a nordstrom or gap stores trying to maybe just bounce off a low over the course of the past month. it really depends on the medium term goes bet

jcpenney, kohl's, macy's, tjx. say it ain't so. in short ralph lauren was ripe for a massive overhaul. at the end of september the company announce it had had tapped larson to take over as ceo with the founder and name sake stepping down from top job. which brings me to the turn around plan he just nounsed this this week. the general idea is to revitalize the company's core brand and get closer to the consumer. he wants to eliminate a massive amount of products and focus on selling high quality merchandise through primary brands, namely ralph lauren, polo and lauren. on the conference call they acknowledged that their -- >> there's plenty of room to cut dead weight without doing too much to revenues. secondly i wants to tighten up the company's distribution system, close 50 underperforming stores. third, larson is all about improving the supply chain in order to reduce those ralph lauren lead times, try to do it by 40%. it should only take them nine months to get new merchandise to market while implementing is steady flow of test p

look at that and tjx, trades inexpensively and i love what they're doing as a company and growth in terms of sales every quarter, incredible. 6%. 6%. they continue to win and i think margins will be even higher if the big retailers out there start struggling, they're going to have more and more people, foot traffic, and merchandise to be able to sell. >> joe? >> i think first of all you're back to the environment for the second half of the year as david said, flat is the new op. back to that again. i also think you're going to get a second opportunity to get into in some of the high beta names in february and mash rewarded investors well. you'll get pullback there. not now, at some point you'll get it. look there. lastly, u.s. centric, u.s. consumer-oriented type of earnings visibility from companies here. >> like pete? >> domino's pizza is a name. >> another name. >> good name. >> so i think the value there will be the cyclical stocks getting crushed now because they're pricing in recession. is it right now the time? i think it might be a little early but i think to steve's point, there

>> i'm talking, about tjx, buyg the july 75 calls aggressively. just in the money.ooking for upside. it's a spread, buy in the july 75s, sell in the 77 1/2s with a cap on the upside. still looking for the stock to break up holding period? >> i will be in there for a few weeks. >> doc, glad you're playing with us. what do you have? >> citi group. look at this one. there's always a tell with options, not only calls and puts, how long it will take, but this one, they're buying july 1st calls. year to date graph of citi. you can see the breakdown on february. somebody is betting that could happen again with brexit. they picked july 1st expiration for these particular options. so the reason you would buy those is to cover yourself through brexit and maybe more. they bought them for up to 1.22. >> forgive me for interrupting. want to go back to that shot down in orlando, senator marco rubio along with the president of the united states, vice president biden as well in the sunglasses as they get ready to get into some cars where they will meet with the families of the vict

tjx,s, kohl's, hudson bay, nordstrom, ross.alph lauren is a big product for them and they sell their own merchandise. looking at how these department stores are performing because sometimes you get a spillover effect, do we have a look at those? they are turned higher. , they were enough having a depressive effect and that seems to has -- have dissipated. did you like my acting out? scarlet: it was in practice -- impressive. our mystery stock, ralph lauren. alix: time for the bloomberg business flash. itsett is pushing for hostile takeover bid for tribune publishing. the publisher of usa today will keep a $15 a share offer in place while developing new term development. the tribune is changing its name. scarlet: canadian national railway's' ceo is stepping down after 22 years at the company. the replacement has served as cfo since 2009. barra says is the largest u.s. automaker is undervalued. in an interview she said gm can handle a downturn and sustain profit if the economy slumps. >> we are going to focus on doing the fundame

. >> we've also seen another discount retailer, tjx which owns t.j.nd home good, thriving, right? >> that's right. they're going to add 50% more stores in the next year which is hard to fathom. again, think about it -- we've seen this whole discounting trend even take shape in the higher end stores. you have nord strstrom rak, nei marcus last call. outlets are popular. the whole economy being focused on value has taken root. i think it's here to stay. >> can't beat a good last-call sale, though. i love those. thanks. >> gayle and i are known to say, hey, the last-call sale are going on. we keep each other up on to date on who's got the sale when. thank you very much. >>> a self-made billionaire is putting himself in the middle of hot-button controversies. sales force ceo mark beniof is here. >> aloha. >> we'll look at the warning he got from colin powell about being an executive and activist. you're watching "cbs this morning." (becky) i started smoking when i was 16. now i have end stage copd. my tip is; if you keep smoking, your "freedom" may only g

stocks we like include tjx and ross and coss he could.rice channel is tractive to that younger customer. so there are parts of. this but if i were to answer your question, we would have liked to have seen macy's really been more aggressive and off price sooner. >> right. >> and here's the last question. would you have rather -- would you have become more bullish of the may macy's story if we had an ceo from the outside come in with fresh ideas? >> you know, what i would say is what is interesting about using the inside person is that he will know how to get things done infe effectively. they'll know how to maneuver the organization. from an outside perspective, me list yashgs i think company really needs to think hard about speed. i think the supply chain and the time from which they place orders to deliver is a year and that's just too long in this marketplace. so he's really going to need to look to supply chain innovation as well as bringing a ton of new excitement to the store. the stores need to get fun again. they need to get exciti

. >> then why does tjx do so well in europe? >> i don't know. maybe they've figured it out.'m not sure. that's a good question. but it is interesting to watch amazon of course as it builds out and tries to continue to build out significant international expansion. and it is worth noting, guys, that amazon's market value, i mean, these things do take place over time. there's $120 billion more than walmart's. that's pretty stunning. >> yeah, well, it's just like babe ruth versus hoover when people are saying he made -- and hoover's better euro move. >> it's true. >> when we come back this morning we'll get more on today's movers including both good news and bad news for lululemon. we'll tell you how that stock is moving on it all. look at the premarket as we said up 0.9% of an all-time closing high 1.1% from an all-time intraday high on the s&p. back in a minute. t the td amerie trader offices. steve, other than making me move stuff, what are you working on? let me show you. okay. our thinkorswim trading platform aggregates all the options data you need in one place and lets y

i like home goods from tjx.buy something from your home, home goods is the place they don't charge you an arm and leg. i like prices there. >> jim, what's on mad tonight? >> well, talk about something where the price goes down all the time, fitbit, the stock. we got to find out whether what's the deal, is it health and wellness or is it just a fad? and new relic, one of these companies like adobe, salesforce, service now, another company involving the web and trying to figure out cloud business. they're doing really well. >> look forward to the coverage tonight, jim. and you're going to make it back here for brexit on friday morning, right? >> of course. you know, i mean, why do humans have to sleep? that's never been anything that's occurred to me. >> all right. jim at one market in san francisco. jim, we'll see you tonight and a lot later on, jim cramer. when we come back live events involving different takes on the economy. one from janet yellen, the other from donald trump as trump makes a speech in new york