interesting that tjx shares as you point out, t.j.ods, strong quarter with above expectations in terms of comp store sales is down and actually losing over 2.5% or roughly of its market value this morning despite those good numbers so it shows you some sense on sentiment. >> it's been a relative winter but if you look across their portfolio on comp store sales up across the board home goods, t.j. maxx canada, tjx international if you want to know who is taking share when the department stores are losing. >>> on the flip side tech stocks are leading the markets higher on the easing of restrictions on huawei a volatile market and joined by shawn matthews, chief investment officer and founder of hondius and head of asset allocation, good to see you both we always try to pair bulls and bears but on a target basis you guys do have some differing opinions >> yep. >> you've been cautious for awhile. >> i have. >> is the current mode we're in how you expected to play out that cautiousness. >> i came into the year bullish on risk assets but af

tjx will be happy with cash.elling more than 19 times earnings, but it's pulled back along with the rest of the market, giving you an unbelievable buying opportunity. all we keep seeing is 7,000 stores close this year and more and more and more and each one of these guys report if you're look for retailers that just reported genuinely great quarters, but haven't been able to dig down, i'm going to give you a target and tgx, but talk about some that are treading water on the one that you've got a story that i find quizzical at this moment, but like the company so much long-term, i got to talk about positively is home depot. a not so hot quarter thanks to really putrid weather, meaning raining all over the country during the most important season, gardening season weaker than expected same store sales. but they hadn't included the impact of the tariffs. you're going to hear me keep coming back to this tariff issue because it's so important to retail however, this is an incredibly well run company they've got great

we're talking about tjx. they're wrong in merchandise they're wrong in digital and wrong in loyalty i mean, holy smokes! how do you miss out on all three of those it's almost impossible that's yet stockwhy the stock's at their lows and thank god they didn't they'd be broke by now it's unbelievable and how they can miss out on so many different categories it's shocking tjx, continues to be it. >> where do you go >> i'm going with tj maxx, as well >> maxanistas. >> how about ross stores >> i'll throw out another name just so we have one more >> you are looking at 6% on the positive side and nordstrom posted a negative 1.5% on the full-price stores and nordstrom, the biggest issue with them is their value prop over the course of the last several years has been this great customer experience which is now completely irrelevant when nobody walks into the stores. >> nordy >> nordy club? >> for more on retail and the demise of the stores go to cnbc.com i'm melissa lee on cnbc, first in trading worldwide >> the refine

and i think it might be a little too cautious it looks like it could be a buying opportunity >> tjx, big winner today just a standout in retail right now. what are they doing right and who are they taking share from >> there's an element here of being born on third and did you hit a triple or were you just lucky for the sector you're in off price is the best place you can be right now the reality is tj as an executor is phenomenal and tj as a positioning, they're very lucky that the role that they fill fits this role fashion will always have things that need to be cleared through and right now there's no social stigma at getting a deal they're taking all that share we're talking about from the department stores. >> when macy's, when you look at it $6.6 billion market cap right now, in what world is macy's not worth some value on basically the sum of whatever real estate it does have i know we talked about this fire while. how are they not a $20 billion company? how is than the value put on so i know there's a lot of headway we have to clear, but they seem to be building on their e-co

carol at tjx, as well as coles,e kohl's, costco, walmart, the ones with he solar, they're the winnersch to the environmentally responsible stores. cheryl: interesting. a lot of good points made this morning. thank you for being here. we'll have all the earnings -- ashley well officer wilashley we earnings this morning. ashley: mcdonald's cooks and cashiers are planning a press conference outside the company's chicago headquarters. they say they will announce a significant development in the fight for a $15 an hour minimum wage. the union backing the wage said others will protest on thursday. cory cooker, jay insly, bernie sanders planning on joining the protests. jeff flock will be reporting from mcdonald's chicago head quarters throughout the day on the developments there. no one better than jeff flock. cheryl: here you go. well, here are other headlines making news this morning. president trump says that a new healthcare plan is on the way. the president telling a local tv station after his pennsylvania rally he will unveil a plan in the next four weeks. didn't give any details. he

a name that you always bang the drum on is -- >> tjx >> tjx the those are the people that reap higherosts and higher inventories and ross stores, tjxolli, all are bets in this. >> look at the screen i built and they were down 13% this month and there's one name that's higher and that's target and in fact, it's quickly scanning it and probably 15 retailers that are down more than 20%, come on. >> there are a couple of things of retailers that put them right in the eye of the storm and apparel managers are hit by tariffs and they're one of the few places where there is a feed through to the inflationary side of the business. you've seen sensitivity to the retailer with the overall -- with interest rates and you've underperformed on the xrt, the essentially the retail etf by 15% in the last 96 sessions. >> hold up, let me give you a bull case scenario and you tell me if you think it's bunk or something to it and no one else is talking about it, and we will which is this. number one, they're going to squeeze their suppliers when the higher tariffs hit like they've never squeezed them befo

next up, tjx and nordstrom these retailers are going in different directions tjx sources from other chains that are desperate to unload their excess inventory that's how they give you such incredible bargains. i love the one in my building. i clean up when i go there nordstrom, on the other hand, full line, full price department store with a stock that hit a 52-week low. down almost 20% year to date and you know what, at these levels, it pays you a 4% yield, it may be too cheap to ignore. the norm strm family tried to take the whole thing private, it seems compelling macy's did, too, and it had a tough week when reported maybe it's just too tough for mall based department stores right now. wednesday, we hear from home depot rival lowe's this is a turn around story, but the turn masterminded by their ceo is very much a work in progress you know what, wall street loves ellison, though, so if lowe's get hits before or after the quarter, i would be a buyer of the stock. then there's target. did you know this stock is now 20 points off its high that seems wrong target has come down so much, it

quite a few others tjx is another example from just yesterday.ay too canada goose got absolutely slaughtered it's been a name i liked their guidance, steve was trying to be funny about something but their guidance was very, very conservative. >> allegedly, yes. >> guidance was 20% growth going to 2020. 2019 it was 40%. so if people are looking to 25%, 27% and came in 20%, the conservative side hit that stock immensely yesterday. i think overdone when you look at the fact their margins right noud or 62 versus 58 what people were looking for, their margin business is good. their geographically i think they're well dispersed right now with very little exposure but it's growing in terms of the asian markets. they're doing things right and it's gotten too cheap and the growth is still there. i think that conservative guidance hurt them that's why the stock was down 25-plus percent. >> so you're buying? >> i absolutely bought it yesterday and i'm selling upside calls. i told you that at the start of the whole thing! i told you i bought it. >> i respond

max, traffic declined and inventories suggesting as numerous says it is not in a strong position as tjxaybe the gains have been locked in for a company like that. off price are doing better than department stores, it is still a winner people are taking a chip on ross >> i am not sure what the reach should be, obviously you are dealing with the tariffs situation and the impact on consumer overall but, to your point, sara, walmart target tjx and costco. >> winners and losers. >> macy's did not report of that number it got penalized then we see nordstrom and some others really taking on this wee week tjx was lower than it was. the entire group had been swept up in this over hang that's been remarkable turn around story the second they started talking about the next wave of tariffs being eaten by consumers that freaked people out on the top of the list, cell phones and computers and all sorts of equipment that's sold by best buy. >> that's what we are watching in the next way if things continue to get worse. the rhetoric and the chinese newspaper and media over night, that's the first place

. >> tjx is down it is going to end up at tjx it will be $800 more because of our tariffs. >> i think nonsense, you want to buy something at tjx, it is going to be a lot cheaper than you think it is. there is oil coming down beyond meat, okay, that's expensive. there you go there is a lot of inventory in the retail system that you typically do not pay more when every dress barn closes. >> dress barn never had that relevanc relevance. >> aboercrombie, if it happens repeatedly, we'll have a story for consumers. >> did you had sigh the jimmy choo number? >> that was bad court and versace, i went to a versace show in milan. >> to carl's point making a reflection of a weaker consumer. that's not the story they're not buying on there. listen to brian cornell. they're shopping at target and walmart. someone downgraded costco. there is this thing, david, it is a colossal, they're shopping on etsy, they're not shopping a lot of places. >> the canada goose were eyeing, they got a cold room it is exciting >> will you try it on? >> yes >> you got to have a big winter coat, tell me where and when

the small-cap stock dro ed nearly 7% to $1.07, but it was a different storat tjx companies ich postedxpected earnings and boosted its full year profit forecast. the parent company of tj maxx, marshall and home goods saw solid alsame-store and an increase on customer traffic. it was up a fraction to finish at $53.26. late today thete repsales that were weaker than expected and it cut its full-yearhe forecast and retailer plamed softer trends and execution issues related to i loyalty program. that sent the stock lower in initial after-hours trading after rising 1% in the regular session. street's topped wal earnings and revenue estimates and the ceo says industry fundamentals remain strong and thecompany's market share sum proving and the company revved hire more than 5.5% to finish at $1,032.25. pp industry says that ppg keeping the company intact is not the right strategy. from an activist investor that id a split would accelerate sales and profit growth and the stock was up more than 1% to 109 even. and merck will buy the cancerma drr peleton therapeutics for $1 billion. peleton wasr

. >>> welcome back shares of tjx down nearly 10% in the past month, options traders betting for a bounceon and pete are at the telestrator as usual with unusual activity >> t.j. maxx down but getting ready to bounce. guess where they put a lot of stuff that doesn't sell at the other retailers? t.j. maxx so we see a lot of people coming in, buying june calls, big numbers today, i believe over 10,000 were ratradd in 1 block so they came in buying these upside calls, june 50s, they're only 50 cents out of the money but again, i like it despite what some of the retailers have done, there's some good things coming, i think, for t.j. maxx i bought this one. i'll probably be in these calls for the next two to three weeks. got a quick update for you, amarin, we talked about it on friday, along with square for unusual activity, some people were heckling me saying, this thing's not going to be going up, it's going to be going down. well guess what? it's up big. in fact -- >> who are those people, doc >> 14% >> everywhere, man >> 14% it's just a fabulous move. these calls went from, like, 15 and 20

. >>> another retailer with upbeat numbers this morning is tjx, parent of t.j. better than estimates they rose 5% and tjx also raising its full-year guidance forecast as well >>> and snap is still preparing to go public with one change to its ipo plans. the company is changing its ticker symbol to work, w-o-r-k it had previously applied to list its shares under the symbol sk kind of thing work is cooler >>> all right, after setting some record highs just a few weeks ago, major indices are down roughly 4% to 6%. now, what about from here? could it spell opportunity for savvy investors or is it signaling something else joining us now with her latest ideas, savita subramanian, head of quantitative strategy at bank of america global research and cnbc's senior markets commentator mike santoli also joins us so, i mean, just overall, do you think we're in the middle of something that's got more work to do or time to -- >> i think. >> because i know you think some things, but let's start with savita. >> i think the market tops out at 2,900 we're not that bullish on equi

expected first-quarter earnings, more than worse than expected first-quarter earnings and autozone and tjx in the green. david: you can always have two finally's if you want. coming up, will the department of justice take away with its left hand what it looks like it was given -- giving with the right? that is next. this is bloomberg. ♪ david: this is "balance of power" on bloomberg television. we turn now to mark crumpton with first word news. mark: theresa may says parliament will get the chance to vote on whether to hold a new referendum on britain's european union membership. the prime minister said any you withdraw agreement bill she plans to bring to parliament next month will include a provision for a vote on whether to hold a new public paul on whether to leave. that is a key demand of many opposition lawmakers. has been rejected by u.k. lawmakers three times. the house judiciary committee is not backing down in its effort to question number white house counsel don mcgann. he defined -- he defied his subpoena and not show up to testify. german jerrold nadler called his conduct unpr

with the retail >> it is going to be one of the tallest buildings in new york city >> i checked with tjx- >> i have been there they moved the socks and the under garment. >> that's what i am talking about. >> when we come back, a lot more on sprint and t-mobile stocks moving on the new reports of doj position. potential pick for the fed, judy shelton will join with rick santelli later this morning. take a look at the premarket here as we have been back and forth pretty much the middle of the over night range "squawk on the street" is back in a moment. t you have ter to do so much more. let's not just develop apps, let's develop apps that help save lives. let's make open source software the standard. let's create new plastics that are highly recyclable. it's going to take input from everyone. so let's do it all, together. ♪ ♪ let's expect more from technology. let's put smart to work. ♪ ♪ i'm not really a, i thought wall street guy.ns. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this

a retailer that did fairly well was tjx. last time i was in a t.j. there were piles of clothing everywhere and it was a mess, but also packed with people. i don't quite get it. maybe you can explain. a long time has been winning with shoppers who love this treasure hunt mentality, who love the feeling of going into a store and it feeling like a sport, if you will, to find that last skirt in your size, so they have been one of the most consistent success stories in retail the last several years. they do hardly any e-commerce business, and they are killing it. the marshals, t.j. maxx division, comps up 6% that division this quarter, and the home goods chain also saw positive comps. as much as e-commerce is disrupting the retail industry overall, you can see places where the brick and mortar model is still working quite effectively. joe: i need to check out a t.j. maxx. haven't been to one in a long time. czak, hall's arc -- hol always appreciate your perspective. coming up, presidential democratic candidates might be shunning corporate cash, but -- mor

worst day since january of 2017, also seeing weakness in order nordstrom, down 1% or so home depot and tjxoth off by about 0.5% or so as well despite the underperformance today, consumer discretionary still the third best performing sector this year so far and morgan, if you look at one etf, ticker xrt, it's up 0.75%, a more equal weighted etf, one to watch in this retail earnings week continues back to you. >> absolutely. thank you. dom chu back at hq nasdaq is up over 1% today as well, on pace to break a two-day win streak frank holland is there at the nasdaq with more >> good morning. you know, chip stocks and f.a.n.g. names making a big rebound today following the use from the u.s. commerce department that it would temporarily ease restrictions on huawei the smh index, the etf, having a really good day, up more than 2% intel, nvidia, texas instruments also benefitting from that news from the u.s. commerce department and now to the f.a.n.g. names, google, in the positive today on news that it can continue to do business with huawei again, at least temporarily an updated software on huaw

although i'm looking at tj maxx which is tjx, owner of ross stores as well, they are standing at about $53 a share. their annual high is just $56 so very close to highs. i'm wondering, scott bauer, if you get the right mix, the right recipe for what people want which is competitive pricing and fresh inventory every other week or so, then maybe it really works. there are some good names here. >> there are a few. it's very few and far between, though. the big box retailers have such incredible, incredible head winds coming at them all the time. and you know, you got these reports today and at the end of the report of kohl's, they actually mentioned something about tariffs. with home depot also, home depot's numbers were not so bad, same store comps were down a little bit, they also mentioned something about tariffs. so i don't know that that really played into these quarter's numbers. these numbers are weak in and of themselves. going forward, though, the tariff issue is only going to hurt these big retailers and again, i think it's going to be the outlier, maybe a best buy that actually

we go to tjx, is it out there? >> right now i would say inventories are in relatively good shape. >> really? >> the concern would be things start to back up we really have seen the retailers react to that and we've reacted and really put it in our numbers we took our sales down the second half in connection with a real concern about the business going forward but have been able to hold our profits together so far as we've come here so we're looking for the business as we start to anniversaries, some tougher comps next year. the comps get somewhat easier as we get into the second half of the year that's what we're pointing to at this point right now as we've come out of the first quarter into the second quarter the retail backdrop here in the states is pretty challenging >> and that includes ecom. >> our growth continues digitally. that business continues to grow 20%. our own operated and our partner sites that we do macy's.com, amazon.com, that business section up 20% i think we're in -- the strength of our brands

. >> steve >> tjx. >> guy >> that was pretty hokey, brian. >> google. that will get you done. >> that does that does it for "fast money." "mad money" with jim cramer begins 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 hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to save you some money. my job not just to entertain, but now educate and teach in context. call me at 1-800-743-cnbc. tweet me @jimcramer.

tjx 2.5 million square foot distribution center. it is not manufacturing.you could go to multiple manufacturing sites. they're all gone. this is basically one of the last ones. we're open for business. business pays the bills. we're hoping this turns out to be positive. there is still a lot of unanswered questions. gm is selling the plant. we're wondering if gm will go in with with a workforce like ford did, following the market, there is still quite a few unanswered questions. but i know president trump and governor dewine and senator portman, i know they have all said this is one of their number one priorities. i can appreciate the effort. charles: and to that point, workhorse group stock, wkhs, a small stock, up 63% right now. it is $1.36. you wonder about financing, what role general motors will play in that. they have raised billions of dollars for their own electric vehicle venture called the cruz, not in your state or town. maybe those questions will be answered. certainly this is desperation. this was announced a few weeks before christmas. certainl

. >> steve >> tjx. >> guy >> that was pretty hokey, brian. >> google. that will get you done. >> that does that does it for "fast money." "mad money" with jim cramer begins 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 hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to save you some money. my job not just to entertain, but now educate and teach in context. call me at 1-800-743-cnbc. tweet me @jimcramer. here we are at last finally getting the long-awaited baking, assuming there will no good news on the trade war for a long time, which is why the dow plunged 286 points today s&p plummeted 1.19% and the nasdaq dove but even rallied from lower levels. that's why i have brought this cake out, to symbolize that the bad news is being baked in, trying to be baked in. but the bakers still have some work to do they both think they're better

what are the leading retailers the dollar tree stores, knock offs, tjx -- >>that's a reflection of whath >> people are not feeling so great. >> this is a real debate right now whether the weakness to the degree we get is consumer led and enterprise led >> i was working for the lowest. >> i think people are worried. by the way, there is a boat sharing. the sharing economy -- >> it does make sense. my wife keeps on wanting an upgrade. open o owning a boat is a chore >> that's why we have you as a friend, we like friends with boats. >> i have six people with boats. >> you are welcome to the one in mexico >> thank you awesome. >> i am not holding you back >> you make the offer, i just got to execute it. >> my next project maybe ten miles to the north of california i am going to make it into knth new napa valley, i pike p. >> california has a 22% surplus. >> roku did have an all time high on friday it almost got to 100 oh, he missed the whole darn thing. i had roku c's ceo maintaining their $84 price together, i got to tell you, i mi misjudged this thing so badly. they're really on fire a lo

they seem to be focused on the to domestic aspects like you saw with target and walmart in tjx. they are very specific to their stories. but none of these are really broader economic stories. these are very company specific stories. alix: and i wonder how long the margin story is going to hold up. at what point does a tariff delay compression? -- tariff deal a compression? michael: that is a problem for them down the road. we won't see a real impact on margins until that happens. if the president goes ahead with the $370 billion of tariffs that haven't yet been levied, that hits them hard because that is -- mostlysumer de consumer goods. but for the market, the one consistent thing you do hear from all these retailers is the consumer seems to be just fine. they may have problem with costs or their organization, but they think americans still want to spend. and if that of the case -- and if that is the case, they are in a good place. alix: thank you very much. you can find all the charts we just used and throughout the next two hours at gtv on your terminal. check it out. da

feels like department stores are losers and some of the others, target, walmart, tjx, are winners. is it that simple? >> i think that's part of the story. if you look at our own consumer surveys, the department stores, the grocery stores don't survey all that well. broadliners survey well. the consumer still likes that format so it's not a big shock to us looking at our own data that the likes of walmart and target are seeing good sales growth to the comments about flow through of good sales to the bottom line, that's the challenge. that's the challenge we're seeing throughout retail and that's the amazon impact everybody needs omni channel omni channel is extremely expensive. and can you keep up with the death star and the death star really is aiming its firepower right now at the consumables industry and that's why we really don't like a lot of the companies that are in that industry like a kroger and even a walmart we have concerns about >> josh, is the u.s. consumer weaker than people expected? >> i think the consumer is doing well i echo one of the points about broadline versu

of the strongest same-store sales and they've had both women and is men's apparel, particularly at tjxg well for them. so i think you're still going to see those off prices outperform and the reason why is because the extra inventory as you mentioned, their prices always come down a bit. access to better goods, access to more goods. they buy right, it's a win for the off pricers. >> dana, do you think it's already in some of these retail names that we could go to the next tranche of imports from china, another 25% tariffs on the $300 billion imports left which do affect a lot of them, like with apparel and footwear >> i think if the next 25% come i think there's still probably a little bit of another round down and the reason why, earnings estimates will be reduced again. a lot of these companies, they don't have the next round or that fourth tranche put in their numbers yet. >> dana, did i hear correctly from one of your earlier answers that you're pretty relaxed about the outlook for the u.s. consumer for the rest of the year based on the earnings we've had in the last few weeks? >>

among them, home depot, kohl's, tjx, jc penney. the earnings have not been great. let's start with jc penney. it missed on the top and bottom line so the loss was larger than expected. it also said same store sales were down 5.5%. the ceo saying tariffs imposed on chinese imports so far haven't really impacted the company but if president trump punches back and adds that 25% on the additional $300 billion, well, we could see a more meaningful impact. kohl's earnings also missed, lowered its full year profit outlook. same store sales also missed. ceo said well, we started off slower than we'd like this year. stuart: kohl's down 10%. >> yeah. in sympathy, nordstrom and macy's as well. the department stores are taking it all today, because it's this constant battle, brick and mortar versus online. you want that convenience, you want the discounts, consumers are flocking. they can change their model, they can make the displays flashier, get better real estate, it may not change anything. stuart: in a booming economy i would have though

want to focus on, because it's not today, but tomorrow, home depot, dow component, also nordstrom, tjxg tuesday throughout the course of the day. wednesday, lbrands, the parent company of at least victoria's secret and bath and body works lowe's, target also there. best buy happens on thursday and then friday is foot locker if you put all of these together, a very big pulse check of the consumer will be in play with regard to this week and becky, as we take a look at the consumer, it does kind of ask the question, or begs the question whether or not this current market is factoring in a healthy consumer or not and whether those tariffs are going to have an effect on sentiment for many of these corporations selling to us consumers. back to you, becky. >> dom, that's the big question. jan was just talking about that off camera -- what happens with the tariffs next >> we're all going to be paying higher prices. i mean, we know it, right? that's just going to be the point. the issue is going to be whether we will pay those prices and continue to do so if those tariffs are in play or whethe