We recently published 12 Stocks Jim Cramer Discussed As He Said SpaceX’s Starlink Internet Could Help President Trump. The TJX Companies, Inc. (NYSE:TJX) is one of the stocks Jim Cramer recently discussed.
The TJX Companies, Inc. (NYSE:TJX) is an American off-price retailer whose shares have gained 13% year-to-date. The firm’s off-price business model has helped it stay resilient this year as the retail sector as a whole continues to struggle. For instance, The TJX Companies, Inc. (NYSE:TJX)’s shares gained 2.7% earlier this month after the firm’s second-quarter revenue and earnings per share beat analyst estimates. Investors were particularly impressed by the fact that The TJX Companies, Inc. (NYSE:TJX) raised its full-year per-share profit guidance to $4.52 and $4.57, which was higher than analyst estimates of $4.51. Cramer’s previous remarks about the firm have praised it and revealed that he owns it for the charitable trust. Here are his recent thoughts:
“Kohl’s, I don’t know, I mean this is one, you can say, clock is right twice a day, but I will tell you, they did say, they saw resilience with customers. Does have a new CEO. I’ve seen a lot of good things happening, but I don’t want to jump all over it because in the end it is brick and mortar, I’d rather be in TJX.”
The CNBC TV host discussed The TJX Companies, Inc. (NYSE:TJX) in detail after its earnings. Here is what he said:
“I like this one so much, we have a big position for the Charitable Trust. It’s been a phenomenal long-term performer… When TJX actually reported Wednesday morning, they delivered a gem of a quarter, though, enough to send the stock up more than three and a half bucks… With this latest quarter, TJX has now exceeded the high end of its own quarterly earnings guidance for 10 straight quarters…
finance.yahoo.com
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