- TJX -0.79% COST +0.59%
The TJX Companies, Inc. (NYSE:TJX) is one of the stocks Jim Cramer discussed, along with the need for diversification. Cramer noted that his team likes the stock for the Charitable Trust, as he commented:
“Then there’s retail. Well, we like TJX and Costco for the Charitable Trust. Those are two growth retailers with excellent numbers. TJX is at its highest, tremendous momentum. Costco’s not far from its low amazingly. And while it’s never cheap, I think this is a terrific moment to buy it.”
Photo by Yiorgos Ntrahas on Unsplash
The TJX Companies, Inc. (NYSE:TJX) sells off-price apparel, footwear, accessories, and home goods. The company provides a diverse range of merchandise from clothing and beauty items to furniture, decor, kitchenware, and seasonal products. During the November 20 episode, Cramer noted that the company “thrives when the rest of retail’s in trouble.” He said:
“Finally, we got this really strong quarter from TJX… It’s another name we own for the Charitable Trust. This one’s very different from the other retailers that reported this week because TJX is the leading off-price chain. They’re playing a different game than regular retailers…
While we acknowledge the potential of TJX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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