Veteran Trader Is Bullish on TJX’s Short-Term Outlook

Discount retailer TJX (TJX) can benefit from President Donald Trump’s tariffs in the short term, Jessica Inskip, the Director of Investor Research at StockBrokers.com, told Schwab Network today.

Inskip has “over 15 years of experience… in trading strategy,” according to her biography.

A busy retail store floor with customers trying on apparel and browsing the products.

Schwab Network’s Rick Ducat provided analysis of TJX’s technicals.

Why TJX Can Benefit From Tariffs in the Short Term

Tariffs will create “supply chain disruptions,” said Inskip. As a result, TJX’s excess inventories may give it a lift in the short-to-medium term, she believes.

Specifically, Inskip says that excess inventories could be a positive catalyst for the company’s Q1 financial results.

Technical Analysis of TJX

TJX has been “range bound,” although it did reach a new intraday high of $128.33 “a few sessions ago”, Ducat reported. However, its trend line can be looked at as sloping downward, he added.

Nonetheless, it has a “type of triple bottom” around $112 and support near $118, Ducat stated.

The Recent Price Action of TJX Stock

In the last month, the shares have gained 3.5%, while they are little changed in the last three months.

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