CNBC Investing Club: Cramer’s Morning Take on TJX Companies 5/14/26

SPEAKER_1 (0:00)

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SPEAKER_2 (0:30)

This episode is brought to you by Schwab Market Update, an original podcast from Charles Schwab. Join host Keith Lansford for this information-packed daily market preview delivered in 10 minutes or less, including projected stock updates, monetary policy decisions, and key results and statistics that may impact your trading. Download the latest episode and subscribe at schwab.com/marketupdatepodcast, or find Schwab Market Update wherever you get your podcasts.

Jim Cramer (1:01)

Jim Cramer here to share a short preview of my take on the market from today's members-only CNBC Investing Club morning meeting. Join the club for full access to the morning meeting every day at 1020 a.m. Visit cnbc.com/morningtake to sign up today. That's one word, morning take.

Jeff Marks (1:22)

TJX is one that's called our attention down about 10% from a tie.

Jim Cramer (1:27)

It's time.

Jeff Marks (1:28)

Yeah, it's been almost straight down since April.

Jim Cramer (1:30)

This is what you buy when you feel that you see retail sales weaker. What people have been buying, thank heavens, is Costco, which has been that out of hell. Costco is great. And I know some people might think, well, do you peel some off? I think we already dropped some.

You don't take profits, Costco.

Jeff Marks (1:48)

And this is under the idea that, yes, in times of inflation, consumers are still going to look for value. TJX has great value, brand merchandise, bargain prices, Costco value.

Jim Cramer (2:00)

We know a lot of retailers are struggling here. They want to get offload a lot of...

Jeff Marks (2:04)

So, we're restricted in this, but perhaps tomorrow we can get to Nimble ahead of earnings next Wednesday.

Jim Cramer (2:10)

Right. So, be aware, the stock is barely up today. And if you do want to say, oh, listen, they said they're going to buy it, and we'll restrict it tonight. If you want to buy something ahead of them, we buy it, you know, that's fine. That's not what we're about. We're about teaching.

And I think it's important for people to understand that.

Jeff Marks (2:25)

But interestingly, though, even though there are concerns about consumer spending, Starbucks doing well, gets an upgrade at Cowen today. They raise their same-store sales growth forecast. They see margin upside from both sales leverage and the start of a $2 billion cost cut program.

So just a lot of longevity to a multi-faceted turnaround fueled by operations, marketing, menu innovations and loyalty.

Jim Cramer (2:53)

That's what Cowen wrote. What did he do? He went into a lot of Starbucks, you know, he was kind of not, I guess you call him a mystery shopper.

He realized things that were wrong.

Unfortunately, the things that were wrong were huge. Starts off with throughput, which is how much you're disgusted if it's longer than four minutes. Now, we still have periodically, some people come to me and say, Jim, it was like 15 minutes. And I got to tell you that that does not please the man. This man is much tougher than we realized and he had to replace a lot of people. But those labor problems are gone. And I think that's true of it.

SPEAKER_5 (3:29)

All opinions expressed by Jim Cramer on this podcast and in connection with the CNBC Investing Club are solely Cramer's opinions and do not reflect the opinions of CNBC or its parent company or affiliates and may have been previously disseminated by Cramer on television, radio, internet or another medium. No specific outcome or profit is guaranteed in connection with your reliance upon or other use of the content from Cramer. The opinions offered in connection with this podcast and the CNBC Investing Club are not an attempt to induce any particular trading behavior, investment or strategy. To view the full CNBC Investing Club Disclaimer, please visit cnbc.com/investingclubdisclaimer.

SPEAKER_2 (4:01)

This episode is brought to you by Schwab Market Update, an original podcast from Charles Schwab. Join host Keith Lansford for this information packed daily market preview delivered in 10 minutes or less, including projected stock updates, monetary policy decisions and key results and statistics that may impact your trading. Download the latest episode and subscribe at schwab.com/marketupdatepodcast or find Schwab Market Update wherever you get your podcasts.