It's Jim Kramer here. You're listening to the opening bell of CBC Squawk on the Street.

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Good Tuesday morning and welcome to Squawk on the Street. I'm Scott Wapner with Jim Kramer at Post 9 of the New York Stock Exchange.

Carl and David have the morning off today. Let's take a look at futures this morning. Do have some earnings to get through and we'll see what the readthrough is. We're going to open negative if we opened right now, of course. S&P would be down by about 18. Dow would be down triple digits and we'll get to a couple of Dow stocks this morning that are very important, and that's where our roadmap

begins. A pair of big retail reports. Walmart and Home Depot, both topping estimates. Their

stocks, though, are moving in opposite directions. Plus, Capital One is buying Discover Financial

Services. It's a $35 billion deal. We do have the details. And the CEO of Adobe, he'll be live

at Post 9 this morning, a first on

CNBC interview breaking down his company's new AI features. We do begin, though, with two big

retail names reporting before the bell, both Walmart and Home Depot topping earnings estimates

this morning. As we said, though, the stocks are moving in opposite directions, and why don't we

take the one that's up, and that is Walmart, Jim, which stocks are moving in opposite directions, and why don't we take the one that's up?

And that is Walmart, Jim, which beat strong holiday, strong e-commerce, comps up 4%. They're coming in aggressive. They're coming in aggressive because they're also buying Vizio, which shows you this advertising component that they've got going. I think that what they've done is capture the zeitgeist of the country. They know that they have to fight inflation in order to keep customers there, and that's what they're doing.

They have a rather remarkable attitude of just month after month being better, even January with the cold weather doing well.

I find this acceleration of

comp stores really exciting. And what it says is, okay, look, the consumers are having trouble,

you know where they go? They go to Walmart. They're in kind of a sweet spot for where we are

right now. Exactly. Now, I have them on tonight. You have McMillan on. Yes, I do. And Sweet

Spot was exactly what I was going to start with,

which is the idea that this is a place where everybody knows they're going to get the lowest price.

But what people are finding is they're getting great variety. I mean, I think the stores have had a major upgrade without them talking about it.

That's one of the things that we really want to tack today. I think that they're getting a younger group coming in. I think they're getting more discresh. As I know you have Stephanie Link, she would say more discreche. And today I just am very, this is something I rarely say. Well, look at the chart. I am so excited about having the last quarter, by the way, total misinterpretation.

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