Jim Cramer Reacts to the Surprise Market Surge and Highlights 8 Key Stocks

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

Number of Hedge Fund Holders: 74

During the show Jim Cramer pointed to The TJX Companies, Inc. (NYSE:TJX) as a clear retail winner. He noted that TJX benefits from oversupply at traditional department stores and consumer bargain-hunting behavior. Here’s what he said:

“TJX was the only one that hit a high yesterday. […] But I will say this, TJX is going to be the beneficiary of all the department stores that were over ordered in order to have enough merchandise so they have to offload it to TJX and that’s what that says.”

Jim Cramer has praised The TJX Companies, Inc. (NYSE:TJX) in a recent show, saying the following:

“The best, you know what’s the best? TJX. A ton of retailers will have to order a lot of inventory to be able to get through the holidays, too much inventory, and they’ll then have to offload their unsold merchandise to TJX. There is a reason this stock keeps finding itself on the new all-time high list, other than the fact that I’m next door to one and I go there all the time.”