 Good morning. We are breaking down today's market action with Jim Kramer on the floor of the New York Stock Exchange Jim let's begin with your real-money column following JP Morgan today Yeah, I mean what you want to do is you want to look at today the Fed meeting those come out at 2 o'clock and you need kind of a hawkish dance This is difficult because the tenure 2.2 would indicate that perhaps they're not going to take one But JP Morgan needs to rate hikes this year in order to be able to have numbers go up The stock is a big cap stock that everybody looks at and if JP Morgan doesn't start going up And I know what's up big last year does start going back up then this rally is going to continue to be huddled around a few tech Names not good enough. You need it bigger or speaking of tech We have soft bank taking a position in NVIDIA. I thought this was important If only just because this NVIDIA has already doubled since it had the first break breakout quarter But soft bank doesn't have to play by the rules. They it's a private fund And even if they pay this much it won't hurt them But it does verify that NVIDIA is the most forward-looking semiconductor company now It's not really a semiconductor. We really should be thinking about it as an artificial intelligence Chipmaker that's what they are. All right, and then on Madash on Squawk in the street. You talked about Intuit Yeah, Intuit is a company that has been leveraging the gig economy People who are self-employed need to have their taxes done and then they also do their personal taxes It's kind of like that Trojan horse The Brad Smith who's a very smart guy is talking about the tremendous Penetration that they have in that particular market which includes Uber drivers, Lyft drivers, TaskRabbit people These are all What I would say are Potential because it deserves many more of them continued growth in Intuit customers All right, let's also talk about earnings. What did you make of Lowe's this quarter? You know Lowe's was disappointing versus Home Depot not disappointing versus itself The expectations got very high because Home Depot was so good I only point that out because it's just unfair to really say that Lowe's was terrible when you look at all of retail But Home Depot should be bought on this because Home Depot is it's a little bifurcated here Lowe's is really for the consumer And Home Depot is much more contractor the contractor business is very strong for Home Depot as there are home builders Yes, you know what we're seeing there is read them remodel train. That's what's going on Okay, also, what do you make of Tiffany's quarter? The stock ran up tremendously believing that this was going to be a turn quarter and it clearly wasn't and every single market was bad And they're they're bringing a weak doll a strong dollar again We'll be careful because some companies like Salesforce are saying that the week dollars helping them So that's not going to really fly soon. I also think remember they do have stores in the mall I've got one short else mall near me if it's in the mall It's hurting and people have to understand that the mall is a huge drag So if you can't really have any stores in a wall and expect to be able to make the numbers at this point All right And then on stop trading on squawk in the street you talked about new core US steel Yeah, new course big position for action alerts last week when we did our conference call The stop was at 55 56 and we bought some basically on the conference call This is for action alerts a nice gathering last night with some action alerts people and some new people at Barse Miguel And I think that new course the most undervalued industrial It had gone down because there was no infrastructure bill that we thought there was the president became very soft and versus China I think China is a very unfair competitor as is Korea to new core because new course really the low-cost producer But credit Suisse is saying all that's over done by now $68 price target new core. I really like that. I think it goes there and beyond very important system for action alerts And we'll look forward to your bulletins on that one. Thank you All right And then let's end with earnings to watch a lot of retail names best buy Yeah, I mean there's a note today from Jeffries the basis as best buys gonna have a good number This could be switch Because the Nintendo switch is selling selling selling so well We know that from a target which had a big switch from minus nine in the electronics business to plus single digits And a lot of that was switch. I would just question I mean, I do think it's gonna be fine But when you have these upgrades ahead what we've seen and upgrades ahead for the most part is that you get a pop when The stock opens up and then the people who bought it on the upgrade Then take profits because it's a trading upgrade So just be aware that that money that there's a lot of hot money in best buy as of this morning Okay, Costco is also reporting. What do you expect? Yeah, Costco is gonna be great. I mean Costco. It has been great We sold it. We didn't get the special dividend. I did I don't regret that we didn't did there been we bought some other things With it, but I think Costco Home Depot Walmart have been able to triumph over over the Amazon situation so far I know people are now saying that Lowe's you may be Amazon's getting them and they're further gonna get to Home Depot I don't believe that but right now you're fighting uphill trend for everybody other than Costco because they make the money with the credit card You want to see the credit card? You want to see them raise the price of the car? That's what's really not the credit card They're right, you know rate raise the cost of membership The credit card is an issue that is really starting to work for them when they switch to visa city city and actual Governors name from America's best, which we are tepid. Okay, and what about Burlington? Burlington I think is it's going to be one of the stronger off-price stories I I defer To JP Morgan, which is Matthew boss, which has done incredible work on it Burlington may be Like raw stores have very raw stores a very good number taking advantage of a situation where there's a lot of merchandise That's bleeding off of many of the department stores and and it ends up at Burlington for great prices for you You have Matthew both. I'm mad money many. Yes, I did I had one once and he has got the best vision of who's hot Who's not all right, and then we'll end with Ulta salon. Yeah, I mean, I think Ulta is another one that is run up When they've run up other than Domino's well Domino's was down because of an M science story when these ones have run up They tend to be again hot money in it They see the number you get a double-digit comp store number and then they sell and even though if you hold on Ulta Just keeps going higher ultimately as does Domino's be aware that the hot money is an Ulta and it's not if it sells off It's not a reflection of Ulta. It's reflection of the hot money that is in all right Jim Cramer. We'll leave it there Thank you so much as always are a lot of stocks. We're following for more information head back to the street calm