Jim Cramer Says If TJX Stock Gets Hit, “Pick Some Up”

The TJX Companies, Inc. (NYSE:TJX) is one of the stocks in focus as Jim Cramer laid out this week’s game plan. Cramer recommended buying the stock if it gets hit, as he remarked:

“Wednesday and Thursday are chock-filled with retail earnings. Wednesday morning starts with TJX, the parent of TJ Maxx and Marshalls, which we own for the Charitable Trust. I was cautious last quarter, too, because TJX is usually very conservative, but business was just so good. They went, let loose with some tremendous numbers. This is a fabulous company. So if this stock gets hit, which it often does, even on good results, pick some up.”

Stock market data. Photo by Photo by Alesia Kozik

The TJX Companies, Inc. (NYSE:TJX) is an off-price retailer of apparel, footwear, beauty items, jewelry, home decor, furniture, kitchenware, rugs, and seasonal goods, along with some pet and gourmet products. During the November 6 episode, a caller asked if they should be concerned about the stock. Cramer replied:

“No, no… I was just there yesterday. TJX is really, really strong. It’s what works in a bad market, and… right now, we got a bad one. I say own TJX, not sell it.”

While we acknowledge the risk and potential of TJX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TJX and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.