it is the off price, tjx for example, definitely one.ralph lauren and deckers and i also look at an abercrombie & fitch which continues to expand their methodology driving increases. >> that stocks done so well. >> and now there continues to be room on hollister, continues to be room on the store productivity of abercrombie and watch international. >> watch international, is that part of abercrombie? >> yes it is. it's going to grow. they are continuing to expand overseas and gain more awareness and customer traffic. >> meanwhile for the shopper, would do you think will be forced to do the best discounts? >> if you're wanting discounts, walmart obviously, not they discount but they are the best prices, it is the off pricers like tjx, and when you want to think of others, you will watch some of those department stores also, for some of the deals that nordstrom anniversary sale is always top of mind. >> people think nordstrom they don't think sale so it's good advice? >> anniversary sale coming up. >> walmart for the shopper. do you like w

at the same time ollie's stock has lagged behind tjx and all stores. i don't know if that is right.e got hit hard when things got ugly, falling nearly 70% from its 2021 highs to the lows in march of 2022. since then the march -- the stock has been marching higher. and then a big breakout, surging 13% to the point it is within spitting distance of the all-time high. after that quarter, i think it considers to be a full fledged member of the stock you could mention in the same breath as cramer maybe tjx. why? look at the reporting. a tad light for same store sales at the profitability was better than expected with strong margins and they shaded down their full year forecast but left everything else unchanged. it sounds lackluster, how the heck does the stock go up 13%. it could be explained away by the weather. to two big hurricanes and a warm fall made for a tough time in october. and big lots filing for bankruptcy, that added some pressure but that is a opportunity for ollie's because it is about devouring the carcass of the other retailers. the company said it saw strong demand for

that's an environment where a stock like tjx does not do well.o not see that being imminent. >> just a final quick word on tapestry. this is a go it alone. their brands should be back in favor type of story? >> yeah. i mean, their name brand, coach, which is over 75% of sales and over 90% of profit is on a run this year. they've been improved the brand equity. they're resonating with the younger consumer or the gen z consumer. and with that slightly higher incoming cohort wanting to spend more in the new year, that's another tail wind. >> another gen z i'm related to got a coach bag. appreciate the time today. >> thank you. >>> up next, microsoft has spent tens of billions this year in a big push to build out its a.i. infrastructure. but when will it actually pay off? the details after this break. "closing bell" will be right back. (wind, rain and rolling thunder) (♪♪) nobody's born with grit. british anncr: rose is really struggling. it's something you build over time. american anncr: that's twenty-one missed cuts in a row. (car trunk slammed sh

tjx, is the stock. and also, of course, amazon.er monday and black friday was the internet continues to capture share and at an accelerating rate during this period. and bricks and mortar stores didn't do quite so well. stuart: is there any hope for the shopping malls? they seem to have come back a bit. long term, how are they doing? >> well, they're shaking out. the high-end malls continue to do well, and the developers, people are really smart like psi mornings for example. they know what they have to do -- simon. they're making these places that have great restaurants, not just the old food courts. places to shop, to eat, to live with are residential, to work, you know, places to have entertainment. so they've become multidimensional places, not just a place to shop. stuart: and simon properties is the way to go with that one. >> they're the best. stuart: okay, got it. see you again soon. good luck to you. thanks a lot. >>> coming up, america is getting a look at a live action presidency. we're not used to it. biden avoided publ

. >> and tjx has been the winner in that group. ross stores had a catch-up quarter.n three points. they have no idea what they're doing and you catch seven. club name, tjx. bingo. >> shares of tesla are up again. >> tesla/netflix? >> just tesla. you have to wonder if it's the musk effect, the influence he's bringing to bear within the incoming trump administration and what that will mean. a lot of coverage in the journal about concerns about lde other companies that may not be on the right side of musk and how you get there and whether he will target them specifically as you mentioned earlier, sam altman the leader of openai which is in open litigation, new litigation, with musk as well. they're suing them now to get an injunction to prevent them from becoming a for-profit company. this will only continue but there's a lot of jockeying, guys, in terms of getting access to the incoming administration. >> is it a shadow government? >> well, you have musk on his own platform accusing private citizens of treason and saying they're going to pay the appropriate price. how

you know, the winners we heard is dick's and tjx and abercrombie and tapestry.hose were the winners. players like kohl's were quiet. >> report from adobe analytics. i want to see how this impacting cyber money. this is their data. retail chat bots drove traffic to retail sites an increase of 1,800%. is a.i. going to be a big factor on cyber monday as more people shop online? >> it's a huge factor, frank. now we're seeing retailers promoting less often and it becomes concentrated spurts like courtney was talking about with prime day in october and this weekend and things go full price again. the consumer knows that. they have gotten smart. they use the a.i. tools to find the deals and unearth them and go after where they get the biggest bang for the buck particularly in an environment where inflation and food inflation is still real and still hurting the con consumer. of course, amazon being the biggest winner today, likely, last quarter, in q3, amazon won half of all online growth. so that's huge and we expect them to be another huge winner today. >> you told us

it feels like everyone picks tjx and walmart as a winner. the same story. >> yes.rtney, you and i go way back in the mall. it is really this problem we have seen for decades. you don't want to be stuck in the middle. offer a super premium product or offer extreme value. right now you are getting the best of both worlds, for example, i bought caviar at costco. they are getting a higher income customer and walmart is, too. everybody likes value. but this will continue and part of that is retailers have to have these core competencies around what they do. offering low prices will always be in style. >> oliver, you are in style you look great. your namesake ollies doing well. that is on fire as well. it will be the year that the dollar store priced all of the bad nows out, tariffs, miscues >> it will be a competitive environment. in part because walmart offers a low fee for delivery. what is happening is consumers are staying at home and walmart is competing hard with everyday low prices and also they have a nice advantage with their supplier. i think it will be a rock

when i look at businesses i can buy as much tjx as i want because the market is telling me it's great business -- >> what's one of your winners. >> or look to the other side and say under armour is in the middle of a turnaround people have negative sentiment and emotionally we think -- >> actually if nike is weak right now what a great opportunity potentially for -- >> nike one of your -- >> so that's really interesting nike being great i actually -- i want under armour to give up volume. hoka and ahn are taking volume doesn't scare me. nike might give share is interesting. i want under armour to say we're too big, our value we have deflation built into the business model, let's pull back. let's sell this, price elasticity. that's interesting. >> any of these companies come back. >> the way i think about things you get these retailers flavors of the month for several years, go down and never seem to regain their luster. is that possible? >> if i told you under armour won't be next year on purpose but still at its revenue peak, one of the largest brands, they don't make any money on it

consumers are feeling good if you have assets in the market, you're feeling really good i like ulta and tjx i have louis vuitton which hasn't been good. >> and i think it is fascinating. the apparel, the names leading for last year, look at decker's again. polkas and uggs and that stock is not that expensive here so i think it goes higher. >> all right up next, final trades. business. it's not a nine-to-five proposition. it's all day and into the night. it's all the things that keep this world turning. it's the go-tos that keep us going. the places we cheer. trust. hang out. and check in. they all choose the advanced network solutions and round the clock partnership from comcast business. powering more businesses than anyone. powering possibilities. were you worried the wedding would be too much? nahhhh... (inner monologue) another destination wedding?? we just got back from her sister's in napa. who gets married in napa? my daughter. who gets married someplace more expensive? my other daughter. cancun! jamaica!! why can't they use my backyard!! with empower, we get all of our financial que

tjx in particular. i heard people buying olly's which was recommended last week.ody they're superb with lots of room to grow. i didn't come down to preach the gospel of owning stocks. that's like those that will be on the club call. by the time we were done, i found myself wait a second, don't forget the index fund component. it gives you more of a -- gives you safety blanket. if you have money set aside in an index fund, it's easier to take necessary risks with the individual stock portfolio. balance is the key. but i did feel emboldened to come out here tonight and tell you that something's going wrong with the industry i used to love. wall street's so enamored with index funds, they're either making a fortune from selling things or do think their clients are morons and they don't want to say it. sure they have warren buffett with his hedge fund managers that include a patronizing attitude toward individual investors who can't compete. so they should surrender to, yes, index fund. he's saying it to disagree. if robert were the only one who made a lot of money pi

earlier this year, tjx, the parent company of tj maxx, homegoods and marshalls, started equipping someudio gloria rodriguez, abc seven news. >> all right. gloria. thank you. and with one week to go until the major december holidays, amazon workers could soon go on strike at multiple southern california and national facilities. the teamsters union just voted to authorize the strike, saying amazon has repeatedly refused to recognize the union and negotiate contracts. workers are upset about wages, benefits and working conditions. a strike during the busy shopping season has many wondering how this could impact the holidays. >> san bernardino facility is the largest air hub in the western united states. more than 1000 workers are employed there, and a strike at that facility could be very disruptive. in the critical week leading up to christmas. >> now, strikes have also been authorized in new york and illinois. amazon says it has increased pay, and the average worker makes $22 per hour. time is running out to finish your holiday shopping and shipping. the usps deadline for ground shippin

earlier this year, tjx, the parent company of tj maxx, homegoods and marshalls, started equipping someeras there as well. reggie thanks, gloria. >> with one week to go until the major december holidays, amazon workers could soon go on strike at multiple southern california and national facilities. the teamsters union just voted to authorize a strike, saying amazon has repeatedly refused to recognize a union and negotiate contracts. workers are upset about wages, benefits and working conditions. a strike during the busy shopping season has many wondering how this could impact the holidays. >> san bernardino facility is the largest air hub in the western united states. more than 1000 workers are employed there, and a strike at that facility could be very disruptive. in the critical week leading up to christmas. >> the strikes have also been authorized in new york and illinois. amazon says it has increased pay and that the average worker makes 22 bucks an hour. >> time is running out to finish your holiday shopping and shipping. the usps deadline for ground shipping is today. if you want

i have to acknowledge my job is to find the tjxs that are going to compound and be willing to spend upheck, find things people aren't wlooking at.at -- looking at. we have been talking about under armour. >> what are they doing? >> they're going to work. >> you do? >> why now? >> it has been. when we think about the now, the last time you and i spoke, this was a company that had the same negative perception. people call it dead. we may or may not want to be wearing the product, and yet $6 billion worth of revenue. there are people buying it, and so that's what i love. there are certain companies where really large revenues and no profits, right? in my world, not in tech, not -- this isn't some capital business. it's shirts, shoes, cloth, and if you are selling a lot and not making money, under armour is doing that. >> they haven't yet. >> the stock hasn't been working. revenue is down double digits and gross margin is up over a hundred. kevin plank that has adopted a different tone and he's achieving more by doing less. we're on the path. >> ny ike reports thursday. >> that's a similar

. >> let's talk about tjx. i think its breaking out here. i did a lot of work with them.t is 125 to 140. it was a transition to a great stock. it was a transition -- a set up. >> i will go somewhere that we have been discussing the last few days. >> pbn's? >> the health suns. united health care down again. you may have seen cvs yesterday. signa. we have been discussing many of these in light of that horrible cold blooded murder of bryan thompson a couple of weeks ago and the nationwide -- i'm not -- frankly i suffer for the words how to describe what that reaction has been and what's happened. >> it's horrible. >> it has worried some for the -- their business models overall. there's been action in congress. >> how about the president elect? >> the president elect during a long press conference discussing the pharmacy benefit manageerns. he calls them the middle men. >> we are paying far to much. we are paying more than other countries. we have laws that make it impossible to reduce. we have a thing called the middle man. the horrible middle man that makes more money frank

birkenstock is going to be a real winner this year, and i think you're going to see the off pricers like tjxght. dana, thank you. let's get a final check on the market fed week. we're green. it wasn't a great week last week when it was all said and done. ten-year's moved a little higher. >> it is higher. >> inflation, and bitcoin was at 106 at one point. make sure you join us tomorrow. we'll be up here again. it's okay. it's cold. make sure you join us. "squawk on the street" is next. >>> good monday morning. welcome to "squawk on the street." i'm carl quintanilla with jim cramer. fed decision earnings from nike and fedex, retail sales and pce. dow is down seven straight. that's the longest losing streak in about four years.

this follows earlier this year when tjx, the parent company of tj maxx, marshalls and homegoods, alsoyees are now wearing body cameras as well. well, the bay area's agilent technologies rang that opening bell this morning. agilent is a scientific research company specializing in equipment software that helps patient diagnostics as well as testing to ensure drinking water, food and pharmaceuticals are safe. so way to go! agilent technologies is just a bay area company. wanted to give them a little shout out. the ceo ringing the bell to celebrate 25 years listed on the new york stock exchange. now taking a live look at the numbers. this is interesting. cnbc also pointing out this morning that the dow could make history today if it ends the day with a loss. it will be the first nine day losing streak since the 1970s. you can see it's down 280 points, the s&p 500 down about a half of a percent as well. the nasdaq slipping also about a half of a percent but still above that 20,000 mark. so it has been able to hold the 20,000. the nasdaq over the next several weeks and months, more will be