Jim Cramer Says He is "Betting TJX Has More to Run"

The TJX Companies, Inc. (NYSE:TJX) is one of the stocks that Jim Cramer shared insight on. Cramer was bullish on the stock as he stated:

“I like this one so much, we have a big position for the Charitable Trust. It’s been a phenomenal long-term performer… When TJX actually reported Wednesday morning, they delivered a gem of a quarter, though, enough to send the stock up more than three and a half bucks… With this latest quarter, TJX has now exceeded the high end of its own quarterly earnings guidance for 10 straight quarters…

So when the guidance for the current quarter once again came in light, everybody realized this management’s simply sandbagging us with low-ball numbers. Sometimes, though, the business looks so good that even this cautious management has to raise numbers across the board, and this was one of those times…

So let me give you the bottom line: … This is an excellent outcome for TJX and a vindication for everyone else who’s defending the stock all summer, including me and my compadres of the CNBC Investing Club… Considering the facts on the ground in retail, everything from the tariffs to an incredibly value-conscious consumer, I’m betting TJX has more to run. I wouldn’t be surprised if this stock becomes a semi-permanent resident of the new high list for the rest of the year.”

The TJX Companies, Inc. (NYSE:TJX) is a retail company that sells discounted merchandise. The company’s product selection includes apparel for all age groups, home goods, jewelry, and various other items.

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Disclosure: None. This article is originally published at Insider Monkey.