Stock Data
$0.70 (0.43%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
CONSUMER CYCLICAL
Industry
APPAREL RETAIL
TJX Companies Inc is a global leader in off-price apparel and home fashions, offering a wide variety of products including family apparel, footwear, accessories, and home goods like furniture, rugs, and lighting. With a presence in the United States, Canada, Europe, and Australia, TJX operates through several well-known segments such as Marmaxx and HomeGoods. Founded in 1962 and based in Framingham, Massachusetts, TJX has become a go-to destination for shoppers seeking quality merchandise at great values.
Cramer backs off-price retail as legacy inventory flows create a tailwind for discounters—TJX has the goods to move higher.
All that said, TJX is an inventory play. It goes up if it has lots of inventory from old line retailers and it does. That's why it is a buy. WMT actually seems cheap
Cramer sees lower fuel costs shifting consumer spending patterns from discount retailers to credit-enabled purchases.
Gasoline down means consumer is more liquid so doesn't need to go to TJX/WMT. It also means you can buy Capital One, COF, as the consumer will be emboldend to buy,. COF can go up big
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