Jim Cramer Just Discussed These 13 Stocks

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

Number of Hedge Fund Holders In Q3 2024: 63

The TJX Companies, Inc. (NYSE:TJX) is an off-price retailer that sells a variety of products such as apparel, furniture, and food. Its shares have performed well in 2024. They are up 32% year-to-date, primarily due to tighter consumer spending helping volumes at off-price retailers. However, as The TJX Companies, Inc. (NYSE:TJX) has continued to beat analyst quarterly estimates in 2024, the pressure is high on the firm to maintain its growth trajectory. This was clear after the firm’s third-quarter earnings that saw its midpoint fourth-quarter EPS guidance of $1.13 sit below analyst estimates of $1.18. EPS is important for retailers as it lets them post margins that are key drivers of profitability in a volume-heavy industry. Here’s what Cramer had to say about The TJX Companies, Inc. (NYSE:TJX):

“Okay, let’s talk about TJX. . . And I think it’s breaking out, I did a lot of work on TJX, last few days, it’s $125 going to $140. So there, okay. It was a Segway to a great stock.”