how about tjx. >> is that where you're going. >> it's got a great chart. i did go there yesterday but it was really for belt and socks. >> it doesn't matter what you went for you spent money. >> there's a big line to get in there. i'm not kidding. i do want to say that i keep coming back to walmart come on, this is -- we're looking at home depot. $40 billion, nothing to sneer at walmart, which was up earlier, is in a straight line and relative to the others i would love to hear what the group thinks. >> joe, you can take walmart walmart has been an underperformer that's why everybody loves target if you put the charts next to each other, one looks like best in show and the or looks like, i don't know what. >> walmart more recently is seeing a little strength in the performance. we're in target. we're in lowe's. i thought the expense management, it was such a critical save from marvi ellison and the team where operating margins were really good i think specs management is going to be important. two other names i'll put in the conversation i like steph's tjx

this tjx is basically with comps up 20% on the stores that are open i went to the tjx down here recently, and it's packed. that's anecdotal, but can we just come to a conclusion that retail's pretty good. >> at least apparel, right >> they're talking about apparel tjx as trends up, target sounded like apparel's great i would love to hear from best buy, which i think is actually having a fairly good quarter i do think in the end i look at these stocks, i'm going to compare these versus the drug stocks everyone likes the drug stocks now. you see j&j. walgreen's pulls the darn vaccine and the stock goes up. people want that group because it's cheaper and it was put down by fears that biden was going to go after drugs that's not happened. people don't want this group, i think, to some degree because it's like can i have something that's not up 44% for the year brian cornell is fighting his own expense. >> speaking of the virus, the white house is expected to officially call for a third vaccine shot for americans who were fully vaccinated with pfizer or moderna as the u.s. reported more than

a check on shares of tjx companies. the parent company of tjmax and homegoods and marshalls tracking for its best day since november after the parent company of those companies topped earnings and sales expectations in the latest fiscal quarter. if you look at that, it's a signal customers have been eager to return to stores after the lockdown in the u.s. on that note, the company says the start of the third quarter has been strong with comparable store sales at locations that are open up in the mid teens over the same period last year tyler, still looking for a bargain at tjx >> i think my wife is single handedly responsible for much of this >> my family is throwing in a few bucks, too >> home goods is her favorite place. >> the treasure hunt is on >> she says right now they are low on inventory because people have been, to your point, people have been going back and shopping at her favorite store there we go. >>> all right. the national flood insurance program provides over a trillion dollars in coverage for more than

you the consumer is rolling over, i totally disagree listen to home depot and lowes and best buy, and tjx, the consumer is fine there is so much pent-up demand for spending and 70% of the economy is the consumer that's superimportant. manufacturing, five-year lows in inventory, still supply chain issues but they have pricing power. i look at all these things collectively go back to kay's point on earnings why are earnings going up because the kissimmee ito is improving. not all is perfect we have unknowns on delta and peak growth concerns and fed taper. but i would sit back and say, tapering is okay let's embrace it, because the fed can taper. and i don't know is that friday, next month three months from now? but they should be doing that given where we are in the economy. i think it's interesting to note that in the last two days you have seen a reversal in terms of what is outperforming. and it has been the cyclicals and the reopen names and -- and actually tech lagged. see if this has legs but that's back to the bar bell approach you want exposure to both sides. >> stephanie sticking w

tjx. parent company of tj maxx. it doesn't sound like, joanne, you are concerned about the consumer or new lockdowns? >> i don't think new lockdowns are in the future from what the medical professionals are saying some countries are using those here in the u.s., we have pandemic among the unvaccinated. a lot of the country is doing just fine with this. i would say that you can still find good bargains tj maxx is a treasure hunting operation. you want to go back in the stores to find your gems or great bargains there are other places to govego even the tech space. the move toward everything online toward electric vehicles and greater automation this is pushing all of the data into the cloud we see a company like broad comm as a good company for growth and balance because it offers a nice divi dividend brian, after labor day, of folks coming back to the market and the extra unemployment benefits coming off, we see a third phase of reopening as the covid gets more under control around the world. we think this willtake

tjx tom sales well above what the street was looking for. the company flipping from a loss to a profit on an adjusted basis for the quarter, also expanding its buyback program. after the bell we are going to get more earnings. probably the two biggest companies we are going to keep an eye on, nvidia megaton of money off of those datacenter servers, as well as a lot of money off of this chip shortage. it has really worked to their advantage. expected to actually get up to about 66% on analyst estimates. the question is sustainability and whether the company can diversify away from some of those servers and into new businesses like the automotive sector. robinhood, we get the first report since it went public. we have already seen industry data on some of that data for order flow business, down about 23% in the quarter. tom: thanks so much. sovereign wealth fund discussions are usually pretty dry, pretty bureaucratic. you can't do that with the norwegian sovereign wealth fund ceo. you're going to have a discussion with a guy truly outstanding

the hot ones, lowe's, tjx. the home improvement is surging on quarterly results target shares coming under pressure despite a big beat. meteoric big sales growth to normalize. which of these three names do you want to talk about today i leave it to you? >> well, i'm long all three of them to me, let's talk about lowe's i thought that was sort of interesting. lowe's i think had the benefit of being down substantially yesterday on the heels of home depot and they came out with numbers better than expected they had a lot of good things going for it expenses were good they seem to have a lot of concern that home depot had better contractor revenue. >> lowe's is making head way valuation is rich. i wouldn't sell it here. that one was sort of interesting to me. many times they talked about appliances and how they got strength there and how they're being more efficient and delivering appliances but that didn't seem to matter for whirlpool which is trading at peak washing machine doesn't matter how cheap it is, doesn't

which is cash flow and you're getting very important names like kroger, like moderna, hca health care, tjx, companies that cfra also has very strong recommendations on. so these are good quality stocks. liz: it is great to see you, sam. thank you for your picks. [closing bell rings] here it comes with the closing bell. nasdaq closing above 15,000 for the first time ever. it is time for "kudlow". ♪. david: hello, everyone, welcome to "kudlow" david asman in for kudlow. the president woe speak at noon, that he would speak at 2:00, 2:30. then we're told during this or the next hour.

tjx is doing better in its home goods area then it is in its apparel area, but that will rise as well. alix: first of all, retail shopping is leisure. that is a thing. that has always been a thing. [laughter] that has never not been nothing. guy: it strikes me as a bit peculiar, but after being stuck in for so long, even i occasionally now will shop. alix: couple of main events have and for retail, back to school and the holiday shopping season. what is your expectation for back-to-school plus delta, and what about the more foreclosures in china in terms of inventory and the availability of i for christmas? -- of supply for christmas? paula: i've been obsessing and worrying about the supply chain for a long time, and i don't necessarily blame it on what is going on in china. the carriers do not strike me as having the sense of urgency they need to have to get products unloaded quickly and get containers of products from the u.s. back out to china, so there are some issues there for sure. overall, i think the holidays should be good, unless delta just keeps getting worse and worse. the

are up 20, 30% and the avenue concept called public lands which is more for the outdoor enthusiast, tjx as a concept called cr trading post their rolling out, dollar general is a rule dollars per company they have started to go after the affluent suburban families so they have a concept that they're starting to rule out there's a lot on the large side that are being sponsored there's a lot of companies that are attracting capital like sweet green, portillo's and lots of restaurants that want to get out there and try to capture some of the market that they assume is going to be in the suburbs more frequently than it was before. liz: there was a time several years ago when new concepts were spreading from old names rather ann taylor or gap and they had to squeeze them back down and get rid of some of them because they had over expanded, your same breath to beginning of a cycle that is good news, last week we had macy's, kohl's, walmart, target coming in with numbers and the stocks held up on the very day that reports came out, amazon was going to start its own brick-and-mortar their own d

earnings and revenue beats for the second quarter tjx and lowe's jumping in the session while target trading lower. lowe's ceo just sat down with our very own jim cramer. here's what he said about the company and how it is navigating the delta variant. >> as a company, we're very conscious of the needs of our customers. we don't have a crystal ball and don't know what's going to happen relative to customer mobile ite but we're very comfortable that our total home strategy gives us the agility that we can manage in this environment to serve our pro and diy customers while keeping our associates safe. >> that's marvin ellison catch more of that conversation, the exclusive interview tonight on "mad money" at 6:00 eastern what's your takeaway, josh, if anything, overall from these retail reports or are they just singular stories each in and of themselves >> i would venture to guess like 99% of the viewers are not aware that amazon's prime day occurred in june. and what that did was pulled forward a lot of retail sales that would have ordinarily shown up in july so when you look at that j

walmart, target, costco, amazon, dollar general, tjx, these are value players that could do well in good times and bad. they know how to pass prices on to the consumer when they have to and in inflation and they're going to win no matter what. i promise you that if you just bought the retailers one year ago, you would be rich now. >> it seems so easy with the benefit of hindsight i want to ask you about back to school that was not strong in july and the big question is it just delayed into august in which case we could see a rebound because the seasons would not expect it that late in the season or is there a rix risk that back-to-school shopping is not what it once was. >> we had to back to school and back to work and even though their putting back off and many where going back in whole or in part and the clothes that they bought a few years ago, they deents fit the kids any more after two years so we're seeing a strong season coming up and a consumer still has the money. the one variable, inflation is not the problem for retailers. they do well in a mild inflationary environment like w

i see them losing to target, to walmart, to costco even tjx and the discounters so given that, there's a secular decline story. i don't understand the whole argument the question is what is the right price to own them. macy's may not disappear but the question is what's the right price to own them given the valuation. >> let me jump in. bob, let's also let this be a peg to move into our second topic. "the wall street journal" is reporting that amazon is looking to move into department stores this whole idea is so horrendous, what does amazon see here and what a strange, ironic twist of fate if amazon emptied all existing department stores only to replace them with its content. >> i've been telling you since 2014 that amazon needed a thousand stores and they should just go buy kohl's and save the aggravation. i've not changed my mind about that amazon has been a bad brick and mortar retailer. they could buy talent, they could buy private label, brands if they went out and bought a real retailer and let them run that business for them assuming they do it themselves, the reason they're do

today lowe's and tjx told terrific stories they make you question the aggregate retail sales number that comes out of the government it might help an economist cook up a forecast so that maybe they can teach a really good class that you and i can cut but in real life, it makes you no money we heard about general weakness in the industry. but what if i told you more semiconductors around these days which allows the automakers to produce new cars and the full buying season could be fantastic? you still want to sell the auto stocks down here as i told my favorite stock blog during the regular halftime game, ford motor ford motor just tumbled from 16 to $13 even as the chip shortage is easing up do you think he is happy about his stock going from $16 to $13? we have awe similar storey the horrendous news came in the form of slowing home sales numbers. largely due to sticker shock home prices have gone up radically part to commodity inflation. mostly because we have a housing shortage now we're being told the fed needs to take action to cool down the housing market because prices are so high

. >> tjx, i'm a max niece at that myself we've had bullish call buying since 69 >> it's hard to imagine you in those wracks markets to near session highs hitting near records today that does it for "halftime." "the exchange" with kelly evans begins right now >> thank you very much, frank. hi, everybody. happy monday here's what's coming up. the fda officially approving the pfizer covid vaccine and the mandates are already pouring in from armed forces to new york city schools vaccine stocks are surging on expectations of more demand. should you buy or sell >>> plus a major blow to uber. a california judge rules the ballot measure passed in november unconstitutional, meaning the companies could deal with fights about driver status all over again we're going to speak to the analyst himself who said this stock is a top pick. >>> and it's retail rapid fire reducts. high hopes for gap, not so much for peloton. how to play the ugly shoe trend, a perfect introduction to dom chu who is here with the numbers today. >> what are you trying to say about my shoes they're not my plantar fasciitis shoe

. >> tjx, i'm a max niece at that myself we've had bullish call buying since 69 >> it's hard to imagine you in those wracks markets to near session highs hitting near records today that does it for "halftime." "the exchange" with kelly evans begins right now >> thank you very much, frank. hi, everybody. happy monday here's what's coming up. the fda officially approving the pfizer covid vaccine and the mandates are already pouring in from armed forces to new york city schools vaccine stocks are surging on expectations of more demand. should you buy or sell >>> plus a major blow to uber. a california judge rules the ballot measure passed in november unconstitutional, meaning the companies could deal with fights about driver status all over again we're going to speak to the analys

so if i had my druthers and i do, i own tjx. it's almost flat on the year it's off price totally reopen. people want the treasure hunt in marmax i like the housing component margins are depressed because of covid costs. that should help going forward as that eases. and they're gaining market share. that's the name i'm playing. i understand why you would want to get more overweight discretionary because the consumer is in good shape. we talked about that all year >> doc, wal-mart hasn't done anything year to date. target at a new high today, 265.38 and that stock has just kicked ivrts butt >> exactly, scott. not just because it's based up in minnesota with pete brian coronell to steph ace point has been doing a fabulous job. any really focused also on not so much the grocery aspect, which is a big part of wlormt, frankly. you've been in a wal-mart ever, you've seen the massive grocery storp. target not so much, because the margins are like that, judge they use a big box to sell things with higher margin and done it exceedingly we

tjx. lauren: owner of tj maxx. i call this the treasure hunt company. you go in to try to find all the good stuff. this is an interesting story they can't give guidance because they can't predict the coronavirus path in the u.s. here in the u.s. all the stores were open in the quarter. not the case in europe, not the case in other countries and because of that they took a 300 to 350 million-dollar hit because of some store closures in other countries. stuart: 300, a hit just like that? lauren: one quarter. stuart: that is a big deal. tencent no longer asia's most valuable company. who is? lauren: chipmaker taiwan semiconductor. they have a market cap of $538 billion. they make chips for apple and other companies and for carmakers. that is a big deal when a chipmaker is bigger than tencent who held it for a while as well as alibaba. this regulatory crackdown they talk about. they keep extending tentacles into different parts ever the tech sector. there was an article earlier this month state media called tencent games they make for children spiritual opi

. >> i love what i'm seeing and one of my favorites tjx, i like it and i own some calls. >> nadine? >> stick around for cramer because i'm picking pfizer, our friends at value act have built a bill big position because of the unvialed cloning unit. >> it is show friends and not show business. amazon maybe on the way to 3,000, that would be a level. >> guy. >> nadine has friends all over the place. >> all over. >> it is fantastic i love it. tell reed we say hi. bristal meyers is braking out to the upside. >> thank you for watching "fast money. don't go anywhere. "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 is always a bull market somewhere and i promise to help you find it. >> hey, i'm cramer welcome to "mad money. welcome to cramerica want to make friends i'm just trying to make money. my job is to educate and teach you, so call me, or tweet me at jim cramer doesn't it feel like everybody is raising prices? that's one reason this market hasn't been in great shape

a lot of ones that were hated, tjx, which is one that we own and have owned for a while, charles. a couple other names, i guess i'm a little -- [laughter] not embarrassed because they've been awesome, but they were funny at the time when we were talking about this retail reher generals. how about blooming onion? yeah, outback steakhouse. those are companies that have tone the following, charles, they still have the in-room dining experience, but they have totally shifts their business lines to the pick-up and the carryout and so forth like that. they've got good food -- [laughter] that's why i like taco bell. i'm saying that kind of with a straight face, but that's food i like also, believe it or not. so those are areas in restaurants that i still believe are set to emerge and ones you need to take advantage of when you see pullbacks like we have in the last couple months. charles: we talked about the future, let's talk about the pass. this sunday will be the gold an versely of nixon taking us off the gold standard. obviously, i think it's too late to to ever go back, but if we co

ahead of themselves, so i still like a couple of the discounters , and i'm looking at first of all, tjx. i love it because they have not rallied as hard as many of the other retailers, plus, back in may, they came out and actually upped their guidance for the year, so i think that's one that could go to the upside. i loss like ross stores, rost. that one has rallied and technically it's down to its 50- day moving average. one of them, one other retailer that i really really like and it's not a discounter is dick's sporting goods, dks. now that people are back to as much as normalcy as we can possibly be back to even though there's that threat that maybe we're going to pullback people are still buying all the outdoor activity types of items and really think dick's is one that can really flourish going into the fall season. liz: okay. well, as we showed everybody, it is a packed calendar for retail names across-the-board, bert, scott, wonderful to have you, thank you, again folks a very busy session here, we are eight minutes past the hour, we've got this fox business alert we need to get

disclosure, mark, i work for the legendary ben camaratt and the founders and executive officers of tjx to help develop their worldwide strategy. i love t.j. maxx and marshalls, that whole aggregation. the one thing that the feldburg brothers who founded the company said you want the multiplier effect, the multiplier effect of burlington with less than 1800 stores compared to tjx with over 2500 u.s. stores, burlington has a better multiplier effect. both are good companies, as is ross stores dress for less. maria: thank you. we will check in and keep an eye on the consumer and supply shortages. quick break and then track more than you exercise, the fit bit that tells you it's okay to put down those weights. it is making a buzz this morning that's next. there's a line between drinking and riding. alcohol limits your reaction time, and even one drink can affect your ability to ride. then before you know it, you've been pulled over. there's a line between drinking and riding, and the smart ones never cross it. your shipping manager left to “find themself.” leaving you lost. you need to

tjx was stellar and they had the best margins since the second quarter of 2016 on top of huge top line numbers and they talked about pricing power and taking market share so i think there's a best buy, there's a tjx and then -- by the way both of them are very cheap. and they haven't done as well as some of these other names. so i think you want to pick your spots. but i think the consumer is just fine >> the vicious snap back rally in chinese technical stock d they got slaughtered i think what's happened in the last couple of days, sort of interesting. we've seen another rotation. remember we talked about how 2021 is the year of rotation january. through may value versus growth. may to end of july growth over value. now in the last couple of days we've seen a return to the cyclicals and re-opening, more value versus growth and risk on feel which is why think the mean stocks have done well. that has to do with delta. in the uk we've seen a rollover in delta case. same with india. in the u.s. the rate increases and rate of hospitalizations are slowing which is a good sign china actually

the problem is the delta variants is creating caution on the third quarter, and look today at tjx, terrific numbers overall. they surprised everybody by giving guidance way below estimates, citing the uncertainty. >> ross stores, i think -- >> excuse me, yes, thank you >> bob, thank you soism. >>> nasdaq still pacing is the declines josh lipton has the details. >> we'll start with microsoft moving higher today, hit a new all-time high, up nearly 40% so far this year, the software giant saying it would raise over the 365 business subscription prices other record highs, adobe and cisco, they're both up about 30% so far as for the chips, you have to called out invideo reporting those results this week, now up 60% this week. our own jim cramer saying it's difficult to see how nvidia can be stopped cisco is on its worst week since may, down about 25% from the all-time high. back to you all. >> josh, how carefully do you think these tech analysts are watching jackson hole next week, hear from jay powell, the meeting in and what tapering back will look like? >> i think they're watching closely. a

> of the retailers and you mentioned some of them, we're going to get walmart, target, lowes, elhd, tjx and ross. >> what a week. >> do you foresee land mines do you see a conference call coming along like the ceo's -- >> i think those guys are all at what matt boss put out today people are constructive. everybody's constructive they can be constructive because listen, in another seven weeks everybody who doesn't have this virus is going to get it unless they get vaccinated. the thing spreads. i don't think people realize, it's like chickenpox when i went to school, went to school and got chickenpox. >> sure. >> can't eat without a mask. that's the big problem got to eat, got to take the mask off. >> yep >> if you could eat with the mask we'd be safe. it's just that i haven't figured that out yet >> i have seen some pictures of musicians in bands where they do cut a small hole and the tr trumpeter can prlay that way. >> when you want to eat a taco it's really good to have your mouth open there's a profound statement. >> no, no, it is a -- look, that's why we're getting vaccine mandates

losses after that worst decline in nearly a month we got retail earnings rolling on from target lowes, tjx, and we'll learn more from the fomc minutes. the retail rollout, target and lowes with results we've got the numbers. plus, fraud hype noise and confusion, why one fed official is slamming th

lauren: look at leadership on s&p, gap, tjx, owner of tj maxx and etsy. consumers have money. they want to spend it. they are not locked down. stuart: three retailers on the screen doing well. 3-d systems, i remember them from the 3 printing era. lauren: they swung to a quarterly profit. they said they have come through the most challenging 12 months they ever experienced. i think a lot of companies see the same thing and not see -- stuart: we used to have the 3-d people on the show when it was a brand new industry. lauren: anything you want. stuart: they're up 29%. the smile direct club. lauren: smile? stuart: telling the audience earlier, i thought they were the white teeth people. they're not. there the straight teeth people. lauren: i think they have a whitening kit also. straightening people, direct to the consumer. they are getting kicked in the teeth. new low for the stock down 25%. they missed earnings expectations, lingering effects of a cyberattack in april because of covid. and lower expansion internationally. that's a big loser. stuart: that is a low for the stock

lauren: tjx, the parent of home good tj asked, marshall, treadle-- treasure hunt kind of shopping experience. what do you like about them because they really don't have a big online presence? >> you really can't talk retail this week without talking about one of my favorites which is t.j. maxx and like you mention, i mean, who doesn't love a treasure hunts. it's one of my wife's favorite stores to visit. everyone wants that diamond in the rough and when you find a $100 shirt on iraq for $25 you get the dopamine rush. lauren: i find it annoying lately. i just went in-and-out with what i need. maybe i'm aware. mark tepper, thank you. we are following two major stories appear more than 1200 people are dead, nearly 6000 injured after a powerful earthquake rocks haiti appeared who are looking at images and we have a live report. thousands of prisoners including many senior al qaeda operatives are freed by the taliban and is now raising major national security concerns in the u.s. as we look at the 20th anniversary of the 9/11 attacks we will have more coming up. which saved investors over $1.5 bi