Jim Cramer Says TJX “Can Offer Great Value for Much Less Than Expected”

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. 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.

Stock market data. Photo by Burak The Weekender on Pexels

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.

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