$TJX podcast mentions
TJX Companies, TJX. So the last segment we were talking about that I'm looking for companies that the macro factors aren't great for some of their customers, and it's kind of spooked the market a little bit. The stock's down a ton and it just reported really, really good results. Comps were up 4%. Net income was up 24% in the second quarter. The market freaked out a little bit because traffic was basically flat. And if you look at it against like the context of most of the industry they're in, traffic was down like 3.5% across the industry according to the data that we have access to. So you have a company that's outperforming its sector, that's dealing with some temporary macro things. They could last multiple quarters or even, you know, multiple years. But long-term, we've seen TJX operate through these environments and be a huge winner. It trades for 24 times earnings. That's as cheap as I've seen it in a very long time. Bart, I think this should be your winner. I used to love the company and then I was a frequent shopper of TJ Maxx and of Marshalls and I saw the quality decline. And also saw a slight increase in prices because of the tariffs and no decrease when they got their $330 million refund. I'm not the biggest supporter at the moment.
Jason Hall · Motley Fool Hidden Gems Investing · Apple Folds & Meta Muses · 2026-09-11All right. Howmet or TJX Companies, which one's going on your watch list, Bart?
Travis Hoeyem · Motley Fool Hidden Gems Investing · Apple Folds & Meta Muses · 2026-09-11We had our CNBC Investing Club meeting today. You can join and listen to the 1-hour program. I bet you'll love it. Anyone who's ever bought a stock should watch. You'll learn plenty. Hey, I'll throw in the book. Anyway, I spent a lot of my time talking about my mistakes on these calls. You don't learn all that much from your wins, do you? And maybe the market had a huge move up, uh, carrying along your stock. Maybe you got lucky. Can't game that. Learning to control mistakes, though, is the key to successful investing. Which brings me back to that meeting. I tend to be pretty volatile at the meetings, maybe a little more visceral than anyone expects. Hey, I'm an acquired taste. I review each of the charitable trust positions on the call. This time was pretty clinical until I got to TJX, the off-price retailer. Candidly, I lost it on TJX. I've owned the stock for the trust for as long as I can remember. I've never felt so worried about this franchise. They have a bunch of divisions, but the biggest one, MarMax, consisting of TJ Maxx and Marshalls, really blew it. Management told us that they'd figure out what had gone wrong and they've already fixed it, but because of competitive reasons or whatever, they wouldn't tell us what went wrong and they wouldn't tell us how they fixed it. I found that infuriating. Now, during the meeting, my mind is going like 180 miles an hour. It's just rolling and drumming and drumming. All I could think about though, and almost blurted out, was that last scene in the movie Chinatown when private investigator Jake Dittus, played by Jack Nicholson gets told, forget it, Jake, it's Chinatown. I came close to saying, forget it, Jim, it's retail. Sometimes retail is seductive. I love my local TJ Maxx and I think HomeGoods is a fun place to shop. The company's almost always about the best in the industry, crushing Burlington and Ross Stores. But this time, shockingly, Ross Stores upside surprise. It crushed TJX much better than expected. Sometimes it seems so easy. Like when you go to Costco, you see those lines and you take in the treasure hunt.
Jim Cramer · Mad Money w/ Jim Cramer · Mad Money w/ Jim Cramer 9/10/26 · 2026-09-10Then you realize that the stock trades at a much too high price-to-earnings multiple versus, I don't know, lately it's just good, not fabulous same-store sales. That's how I feel. And sometimes it's just impossible, like Lululemon, which we talked about, or like Dick's Sporting Goods, which swallowed the whale with them, was Foot Locker, or like Walmart, which seems to have eaten a lot of that gross margin that would have normally gone to shareholder because it senses that this is the right time to take market share. I agree with that. So why bother sticking your neck out for something in this group? Simple, because some of the greatest stories of all time have come from retail. Costco has been an incredible long long-term performer. Walmart's been terrific, and TJX, it's been a wonder, one of the best stocks ever. Could they really suddenly have lost it? Did they go all Lulu? I don't think so. What happens though is you have to be conscious that TJX is right now being buffeted by its group, which is trading down because of a decline in discretionary income from the tax that is higher gasoline. We can't tell how much of its underperformance comes from that alone, or maybe the mistakes that management made and says they've corrected. In other words, these retail stocks are very hard to own, even as they seem so easy to grasp. I didn't get mad about any industrials today. I didn't lose it on the data centers. It was just TJX, which has a terrific store one block north of me, and it seems like it's as crowded as ever. Just one giant cash machine. How do you screw that up? But then again, it's retail. Too compelling to forget, yet capable of creating a level of pain that's not easily forgotten. Alexa, as always, in the market somewhere, I promise I'll find it just for you right here on Make Money. I'm Jim Cramer. I'll see you tomorrow.
Jim Cramer · Mad Money w/ Jim Cramer · Mad Money w/ Jim Cramer 9/10/26 · 2026-09-10Thank heavens we are a strong country with great employment, because when you see these things, you know that housing is 10% of the economy, but it reverberates through retail in a lot of ways. I mean, HomeGoods is still very strong for TJX. How long does it stay very strong if we continue to have less, you know, fewer trades? How is RH going to do when you have fewer trades here? I'm thinking about trading of homes. And the answer is not well. So, you know, RH down 21%. Look, we need the sectors that I look at that are good. Oil's good. Promote your sector.
Jim Cramer · Squawk on the Street · 9AM HOUR: Wholesale Inflation Rises, AI Fears, Apple's Foldable iPhone Debut 9/10/26 · 2026-09-10It's not big. It's not big enough. No. And Amex, definitely not. They really— I thought they had much better numbers than people thought. I don't know. The stock sold off. I'm just predicting. And the thing that makes me feel that way is a company like TJX, the steadiest company on earth, or a company like Walmart, which was selling at 130. And I just think you look at Walmart and you say, okay, they want to keep prices low. This is what happens when you try to keep prices low. Your stock goes from 135 to 100 to 106. Yeah, they're doing the right thing and they're going to win a lot of customers, but they are probably eating much more of this margin than anybody else's.
Jim Cramer · Squawk on the Street · 9AM HOUR: Wholesale Inflation Rises, AI Fears, Apple's Foldable iPhone Debut 9/10/26 · 2026-09-10The TJX or the Walmarts of the world.
Carl Quintanilla · Squawk on the Street · 9AM HOUR: Wholesale Inflation Rises, AI Fears, Apple's Foldable iPhone Debut 9/10/26 · 2026-09-10Yeah, TJX was just plain old horrible.
Jim Cramer · Squawk on the Street · 9AM HOUR: Wholesale Inflation Rises, AI Fears, Apple's Foldable iPhone Debut 9/10/26 · 2026-09-10Well, a couple of things. I mean, I think you're seeing options for even lower-income consumers in physical retail expand. Look what just opened here in May. We had the first Primark in New York City open, and that is a value retailer. The fastest growing number of store openings is coming out of the off-price retailers— Ross Stores, TJX, Burlington. You look at Walmart remodeling nearly 600 stores a year. So I think the pivot point is, right, every type of retailer is figuring out new ways to capture more traffic.
Dana Telsey · Bloomberg Intelligence · Bloomberg Money: Premium Travel, Fast Fashion, Luxury at the US Open & The Cost of College · 2026-09-05Well, a couple of things. I mean, I think you're seeing options for even lower income consumers in physical retail expand. Look what just opened here in May. We had the first Primark in New York City open, and that is a value retailer, the fastest growing number of store openings is coming out of the off-price retailers, Ross Stores, TJX, Burlington. You look at Walmart remodeling nearly 600 stores a year. So I think the pivot point is, right, every type of retailer is figuring out new ways to capture more traffic.
Dana Telsey · Bloomberg Surveillance · Bloomberg Money: Premium Travel, Fast Fashion, Luxury at the US Open & The Cost of College · 2026-09-04Yeah, maybe a few miles up. Yeah, exactly. In, in retail, last couple of weeks we've had some blowups. There's been Walmart, there's been Depot, there's been TJX, there's been Dick's, and now it's Lulu. Comps down 9%. They do cut the guide for the second time. This is going to be a chore for incoming CEO Heidi O'Neill, who came from Nike. Yes. Where the challenges continue for sure.
Carl Quintanilla · Squawk on the Street · 9AM HOUR: Hassett on Jobs Report, Diesel Hits a Record High, Tesla Cybercab Launch Reaction 9/4/26 · 2026-09-04Dude, we've been talking about share shifts all over the place. Target, Walmart, TJX, Ross, right?
Carl Quintanilla · Squawk on the Street · 9AM HOUR: Nvidia Buys Hugging Face, Broadcom Falls While Snowflake Soars, Diesel and Pain at the Pump 9/3/26 · 2026-09-03TJX, I bet it's down again. Now we own TJX. This is another one. Costco, TJX for— oh, it's actually a heat-seeking missile is going to take that price out. Believe me, it already hit a low of $131. TJX is a very good company. Something went wrong. They admitted it was a horrible conference call, horrible, where they basically just said, listen, we totally screwed up. The good news is that they didn't screw up on the home goods. The bad news is the flagship one we have right over here was 2% when, I mean, Ross ran circles around them. Right. They have to make a comeback. They have to make a comeback. Costco is a little more long term. I don't understand why younger people don't need— who get online don't seem to be interested. I think you have to go to the stores, though, in order to recognize the greatness of Costco. But if you're not going to the store, then you may not recognize recognized as much. TJ, I found it unbelievable. The stock seems to be falling. It all because on that conference call they said, look, we didn't have the merchandise. It seemed like that they frankly had gotten cocky. And I wonder whether Costco and TJ are cocky because that is the kiss of death in retail. Retail, what you think that you know what you're doing. Are you kidding?
Jim Cramer · Squawk on the Street · 9AM HOUR: Nvidia Buys Hugging Face, Broadcom Falls While Snowflake Soars, Diesel and Pain at the Pump 9/3/26 · 2026-09-03