Jim Cramer Highlighted 25 Stocks Like Apple, UnitedHealth, and the Rotation into Defensive Sectors

16. The TJX Companies, Inc. (NYSE:TJX)

The TJX Companies, Inc. (NYSE:TJX) was among the stocks Jim Cramer highlighted during Mad Money, as he noted the rotation into defensive sectors. Cramer mentioned the stock during the episode and said:

What else? Okay, we own TJX for the Charitable Trust, and it’s an ideal place to shop for value. Held up very nicely today… Every time I go there, I always find the one thing I’m looking for.

The TJX Companies, Inc. (NYSE:TJX) sells off-price apparel, footwear, accessories, and home goods. The company offers a wide range of merchandise, including clothing, beauty items, furniture, decor, kitchenware, and seasonal products. Cramer called it a “winner” during the June 4 episode. The Mad Money host remarked:

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. When there are a lot of full-priced outlets trying to offload inventory, TJX is the winner. That chain can offer great value for much less than expected. You’re getting quality goods on the cheap, very different from the dollar stores. That’s why its stock hangs in while these others just don’t seem to have the traction anymore.