Jim Cramer on TJX: "I Want You to Wait for a Pullback"

The TJX Companies, Inc. (NYSE:TJX) is one of the stocks Jim Cramer was asked about. A caller asked if they should wait for a pullback or buy now. In response, Cramer said:

“I want you to wait for a pullback. It just actually did a kind of a pirouette today. It spiked up and then came down. That’s usually a sign that it’s going to go down tomorrow, the next day, and perhaps even next week. And that’s when you’ll pull the trigger. It’s a great situation.”

The TJX Companies, Inc. (NYSE:TJX) sells off-price apparel, footwear, accessories, and home goods. The company provides a diverse range of merchandise, including clothing and beauty items, furniture, decor, kitchenware, and seasonal products. Cramer acknowledged the company’s “tremendous momentum” during the November 25 episode, as he remarked:

“Then there’s retail. Well, we like TJX and Costco for the Charitable Trust. Those are two growth retailers with excellent numbers. TJX is at its highest, tremendous momentum. Costco’s not far from its low amazingly. And while it’s never cheap, I think this is a terrific moment to buy it.”

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