Jim Kramer here to share with you a sample of my take on the market from today's

CMBC Investing Club warning meeting.

We're seeing a new life in some of these stocks that just haven't been great performers

the last couple years.

He had an upgrade of Este Lauder today.

Well, how about that?

Let's talk about that.

That is Fabrizio Freida, pivoting once again. He pivoted from

department stores in America to China and to travel, do free. Now he's pivoting back to the

U.S. with amazingly the Amazon store, but also dumping inventory. T.J.S. Yeah, the excess

inventories in TJX. I don't think that's, I don't know if you want to be an off price as a strategic point of view, but in terms of just getting rid of the inventory. But I think the Amazon news is really important. Yes, it is. There's been other companies in the space that have had a lot of success on Amazon. L'Oreal is one of them. So I think it's important, and this again is

yesterday that they announced a Klinique brand launching the U.S. Amazon premium beauty store.

Men and women. You typically don't, the department store go to the men don't go where they're spraying

people in the face. But this is unique. How about that? And for basically, remember, the earnings were just smashed

here. I mean, they just, they obliterated the numbers. Yeah, so it went from seven and change in fiscal

year of 22 to $2.22 estimated in fiscal year 24. A lot of that is because it's like a steel company

It's horrible. I mean, well, part of that reason they did overshipped, right?

So they over-earned a couple years ago.

And then obviously that inventory hasn't been moved in China and travel retail.

Finally, they're getting closer to the normalized levels.

That was the inflection point call.

That may have been the worst, that had been the worst company to retail I've ever seen. But a lot of that is China. A lot of that was a trade they did with Korea, where Chinese people went to Korea and then brought it back and then sold it. That whole game is over. That's why he has to do better in the U.S. And hopefully this Amazon is the beginning of that. And they'll still sell in Timor.

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