Jim Cramer Believes The TJX Companies (TJX) Is Offering Great Value to Consumers

We recently published 10 Latest Stocks on Jim Cramer’s Radar. The TJX Companies, Inc. (NYSE:TJX) is one of the stocks Jim Cramer recently discussed.

While The TJX Companies, Inc. (NYSE:TJX)’s shares have gained 14% year-to-date, they have still lagged other off-price retailers. Some of the sluggishness is due to the impact of tariffs on the firm’s business. However, more recently, The TJX Companies, Inc. (NYSE:TJX) appears to have put the impact of tariffs behind it. In its fiscal Q2 earnings report released in August, the firm beat analyst revenue and EPS estimates and increased its fiscal full-year EPS guidance to $4.52 and $4.57 from an earlier $4.34 and $4.43. Cramer believes that The TJX Companies, Inc. (NYSE:TJX) is benefiting from value-conscious consumers:

“Well look, last week you saw, that . . .people liked . . they loved TJX, anybody who offer good value.”

Previously, Cramer commented on The TJX Companies, Inc. (NYSE:TJX) business environment amidst inflation-constrained consumer spending:

“I mean I would say that if you default to the companies that have reported in the last 24 hours, actually not a bad bunch to default to, what you find out is that what are the American people doing? Well the American people are shopping at Ollie’s, and at Dollar Tree and Dollar General, and Five Below, and at TJX, and at Roth Stores. And that is a sign that the American people do not feel very secure. And that’s something that Home Depot said, they don’t feel very secure. That is going to keep projects on the sidelines and keep people from spending the way that they would like.

“That place is extraordinary. The bargains there are extraordinary.”

While we acknowledge the potential of TJX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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