A top-quality discount retailer, TJX (TJ Max & Marshalls) is a leader amongst its peers. TJX posted a “7% increase in same-store sales, topping expectations, with the company saying customer traffic significantly increased in every division. The off-price retailer also lifted its second-quarter and full-year outlooks” (Dow Jones). I am looking to add this name to the portfolio as much needed diversification to the consumer/ non cyclical sector. It also yields a 1% dividend. Ross Stores (ROST) also posted a nice number, indicating to me that consumers are being smarter with their money in a slowing economy. On the technical side of things, it doesn’t hurt to mention that TJX is in the winner box (top right) and is above all moving averages- no resistance. So with clear skies above it, the new same stores growth catalyst will act as wind to its sails.
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