The TJX Companies, Inc. (NYSE:TJX) was among Jim Cramer’s stock calls on Mad Money, as he highlighted the AI opportunities in neoclouds.
Cramer showed a bullish sentiment toward the stock, as he said: Finally, a whole bunch of retailers got shelled by the rotation
I don’t want earnings risk when I extrapolate someone else’s worldview on my own stock picking, but if you think the consumer’s weaker, that means the consumer could be in trade-down mode. Trade-down means TJ Maxx. The stock got walloped right at the opening, fell below $150 before rebounding, finished the session off nearly three bucks, $151.
I can’t think of a more advantageous place to buy this high-quality stock, down 20 points from its high. Very rare that you get that. Remember, there are two components to TJX earnings: the trade down and the amount of excess inventory they can pick up from struggling retailers for pennies on the dollar.