Jim Cramer says you 'have to own' this retail winner that reports earnings this week

CNBC Finance

3 min read

Every weekday, the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Tuesday's key moments. 1. The S & P 500 bounced Tuesday, helped by a rise in embattled enterprise software stocks. Salesforce jumped more than 3.5% in Tuesday's session, putting a small dent in its recent plunge on AI disruption concerns. The Club name reports earnings Wednesday evening. Advanced Micro Devices was a big winner, with shares gaining 7%, on its AI chip deal with portfolio stock Meta Platforms .Â Club stock Home Depot gained 3% after the retailer delivered a solid quarter. Watch your texts and email inboxes for our upcoming Home Depot earnings analysis, and tune in to our Monthly Meeting on Friday for an update on the entire portfolio. 2. Eli Lilly shares were modestly lower after competitor Novo Nordisk said it is cutting U.S. list prices for GLP-1s Ozempic (diabetes) and Wegovy (obesity) by up to 50%. Eli Lilly is taking a slight hit because the market doesn't like price wars, said Jeff Marks, director of portfolio analysis for the Club. "Lilly has always said they have the superior product, and a superior product commands a superior price. So they could probably price above it," Jeff said. Jim called the minimal hit to Lilly's stock "good news" because it wasn't more. Lilly makes Mounjaro and Zepound, which compete with Ozempic and Wegovy. 3. TJX , which reports earnings before Wednesday's opening bell, is well-positioned as consumers continue to be attracted to the treasure hunt experience of finding quality brands at bargain prices. "This company trades on the amount of merchandise for sale â and, therefore, they can pick and choose," as department stores struggle, Jim said. The retailer behind T.J. Maxx, Marshalls, and HomeGoods, typically under-promises on guidance and over-delivers on earnings. "You have to own it," Jim said. "It's been a winner." (Jim Cramer's Charitable Trust is long META, LLY, TJX See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.

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Jim Cramer says you 'have to own' this retail winner that reports earnings this week

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