The TJX Companies, Inc. (NYSE:TJX) was among the stocks Jim Cramer highlighted on Mad Money as he noted that the market has an appetite for stocks.
Cramer mentioned the stock during the episode and commented: When the economy is doing badly, these are the companies that normally do well as consumers trade down
Even they’re getting hurt, you know, people are really feeling the squeeze. It’s just not happening anymore. Now, you might be saying, “Wait a second.
How about TJX? That’s been a winner. That’s a discounter, right?” Well, you need to know TJX is not a play on price as much as it is about selection.