Calls of the Day: TJX Companies and the XLU

>> LET'S DO SOME CALLS. LET'S START WITH TJX. IT WAS CUT TODAY TO HOLD TARGET 145 FROM 180. SO EXPECTATIONS WERE A LOT LOFTIER THAN WHERE THIS FIRM NOW JEFFERIES THINKS IT'S GOING. IT'S DOWN 10% OVER THE LAST MONTH. EARNINGS WEREN'T WELL RECEIVED. WE ALL KNOW THAT. THERE'S THE SLIDE 52 OVER THE LAST MONTH. WHAT'S UP HERE. >> 52 WEEK LOW. MARMAXX DIVISION DID NOT COME IN WITH STRONG EARNINGS HERE. TJ MAXX MARSHALL'S UNDERPERFORMED. SURPRISING CONSUMER DISCRETIONARY REMAINS INCREDIBLY DIFFICULT TO GAIN SIGNIFICANT MOMENTUM. NOW IT'S ABERCROMBIE AND FITCH AND URBAN OUTFITTERS. THAT'S UP 35% TODAY. >> ABERCROMBIE OKAY. SO BARRON'S TODAY SAYS UTILITY STOCKS ARE HISTORICALLY UNLOVED. AND THE CASE FOR BUYING GETTING STRONGER. SO THEY POINT OUT WHAT YIELDS HAVE DONE. WRITE YIELD PROXY. WHY WOULD THEY DO WELL WHEN YIELDS YIELDS ARE ARE UP BACKLASH AGAINST DATA CENTERS. SO YOU GOT A TWO PRONGED PROBLEM AT MINIMUM. ROB. WHAT DO WE THINK YOU HAVE. NRG VISTRA. SEEMS EVERYBODY LOVES THESE NAMES. WHAT NOW. >> WE WERE EARLY IN THEM. STILL UP A LOT NOW. I THINK IT REPRESENTS AN OPPORTUNITY BECAUSE STILL THE BOTTOM MAIN BOTTLENECK IS ENERGY IN THE DATA CENTER BUILDOUT. IT DOESN'T APPEAR TO ME, DESPITE THE POLITICAL BACKLASH, THAT THERE'S GOING TO BE A MATERIALLY LESS ENERGY NEEDED TO POWER THE ALREADY EXISTING DATA CENTERS THAT WE HAVE. >> YET TO BE BUILT. YOU WANT PEOPLE TO OWN THESE NAMES FOR THE EXISTING DATA CENTERS, ISN'T THE WHOLE POINT. WELL, THE GROWTH OF THESE BUSINESSES IS GOING TO. >> COME FROM YOU'VE RERATED THE. >> ELEVATION OF THEM. >> YOU'VE RERATED TO 11 TIMES IN MANY OF THESE CASES. I MEAN, WELL, WHAT ARE UTILITIES? >> WHAT ARE UTILITIES NORMALLY TRADE AT? >> I LOW BUT NOT UTILITIES WITH THIS TYPE OF EXPOSURE RIGHT. NOT UTILITIES. WITH THIS TYPE OF DEMAND PROFILE AND EXPOSURE. I STILL THINK THERE'S A LOT OF ROOM IN THESE NAMES. >> YOU WANT TO MARKET MULTIPLE FOR THESE NAMES. >> YOU'VE GOT IT IN YOUR POCKET BILL. >> YEAH. >> I LIKE VISTRA HERE. I THINK IT'S A NAME THAT WE'RE ACTUALLY KICKING AROUND ADDING TO. I DO THINK YIELDS COME DOWN. AND I DON'T KNOW IF THAT'S THE TAILWIND FOR FOR VISTRA. BUT THEY'RE INVOLVED IN THE HELIX PARTNERSHIP WITH KKR NVIDIA. I THINK THAT GIVES THEM A GOOD EDGE IN THE AI INFRASTRUCTURE POWERING WHICH WE'RE GOING TO CONTINUE TO NEED. THAT'S THAT'S YOU MENTIONED THE WORD BOTTLENECK. EXACTLY THAT. THEY'VE GOT GOOD POSITIONING ERCOT AND THEY'VE GOT THESE GREAT LONG TERM NUCLEAR AND GAS CONTRACTS. I THINK THIS IS SORT OF THAT YEAR WHERE VISTRA IS GOING TO BE QUIET. I THINK NEXT YEAR COULD BE A GREAT YEAR FOR IT. THE CEO DID BUY SOME STOCK, NOT MUCH ABOUT A QUARTER MILLION DOLLARS EARLIER IN THE WEEK SOMETHING THOUGH. SO I LIKE THE NAME. >> GREAT LONG TERM BUSINESS WITH OPTIONALITY