TJX's 16% drop is an overreaction; current price offers a buying opportunity ahead of expected strong Q4 earnings.
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So, we are now looking at a stock like TJX that has just declined , and we believe that this decline is somewhat unjustified . Therefore, we believe this could be a great opportunity as we enter the fourth quarter, and they should make very good profits by the end of the year in our opinion.
Well, TJX is an interesting case because they saw a decline of approximately 16%, I think. There were some concerns about an inventory sorting issue if I'm thinking about reporting the correct earnings, which I do think.
Yes, well, you know, if that's the case, then TJX's performance is very good. At the moment , I still think that whether inflation is high, and we now see it somewhat under control, people will still be looking for good deals.
As you know , TJX has had a ranking problem, but this looks like it could represent a great opportunity. The stock has performed very well. They are expanding their stores and their reach, and I think this could be a short window of opportunity to buy some stock at a cheap price.
What this channel has said about $TJX
Schwab Network has only this one call on this stock.