Jim Cramer’s 5 Stock Calls and the Truth About Strong Consumer Spending Despite the Iran Conflict

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

The TJX Companies, Inc. (NYSE:TJX) made our Mad Money recap, as Jim Cramer shared his take on the stock and highlighted resilient consumer spending despite the Iran conflict. Cramer mentioned the stock during the episode and remarked:

The discounters are cleaning up here. TJX has put up some extraordinary numbers at all their brands, from T.J. Maxx to Marshalls, HomeGoods. These guys are making a killing by scooping up excess inventory from troubled retailers that desperately need cash.

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. During the February 25 episode, Cramer said that he likes the company, as he said:

… I don’t believe in the white-collar job apocalypse. Maybe AI can eventually replace most of the positions, and that’s very bearish, but it’s going to take many, many years for that to happen, and many new jobs will be created in the process. So, tons of stocks just sold off on Monday, retailers, credit cards, banks, travel. They should all come back. And which ones in particular? You know, I like names, I like to mention companies. I like TJX, which had a terrific quarter. HomeGoods was amazing, Marshalls, T.J. Maxx, but its stock got hit anyway because it had been straight up. Management’s always cautious in the conference call.