Hey, it's Kramer, and this is my morning take on the market from today's

CNBC Investing Club morning meeting.

Well, you still have consumers looking for value.

Right.

I think that's pretty evident based off the TJX earnings today.

How about that quarter?

Yeah, I mean, look, RAS were in line, but it was a nice earnings beat above the high end of guidance.

That's clear a clear win there. Three percent comps, high end of guidance. Again, driven all by

transactions. So they're not doing it off of price, which you may see from some other

consumer companies. But what do you think that this happened? I mean, let's puzzle over this.

Yeah. Well, we've been dealing with a couple of quarters that when they report that have been a little viewed as being, uh, let's saying the positives are ephemeral. This time it seems like the positives are for real. Well, I mentioned that they keep, they beat the high end of guidance on a number of different lines so that when they give their Q2 guide and you see versus consensus, maybe it's a couple pennies light on earnings. What you have to understand is that this is a company that sets their guidance conservatively, and then they beat even above the high end. They did say in the press release that the second quarter is off to a good start. The conference call is at 11, so we'll hear more there. But in terms of the stock coming into today, it was actually a laggard year-to-date. It was up around 4% or 5%. So now you're seeing a bit of a catch-up move. We did buy a couple weeks ago at 95, so a nice nibble there. But I think that's what's playing out. It's a catch-up move, but it's still in the right category. It's value, which is what people want at the end of the day. They raise their full year outlook too. Great point. So that's important because we saw a lot of companies this earning season. Maybe they beat, but they maintained. But no, this was a raise at both the low end and the high end margins better than expected. Remember, if you offer a bargain, T.J., Walmart, Costco,

customer wants it. Customer's enthusiastic about the bargain. Bargain with quality, right?

Yes, yes. I think that's key too, right? This isn't a, you know, it's not a dollar store.

No, I mean, you can get some really quality stuff at a, at a TJ.

And yesterday, Tony Spring from Macy's talked about the have and have not Macy's, and it sounds

like he's going to close 100 Macy's, and Macy's has a lot of inventory that they can't take

back and will end up here.

So TGX will have the kind of inventory you expect that you really want.

The closing of stores is also a share for the taking as well, you know, given the overlap in some of the merchandise as you point out.

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