Jim Cramer Calls The TJX Companies (TJX) "Best of the Retailers"

We recently published a list of 15 Stocks on Jim Cramer’s Radar. In this article, we are going to take a look at where The TJX Companies, Inc. (NYSE:TJX) stands against other stocks on Jim Cramer’s radar

On Friday’s episode of Mad Money, Jim Cramer reflected on this week’s market performance, with attention to upcoming earnings reports and broader market sentiment.

“Now we’ve been on a real rebound since post-Liberation Day meltdown back in the first week of April, with tech leading the way after really taking it on the chin.”

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According to Cramer, the rebound has been largely driven by tech stocks, which had previously been under pressure. However, he expressed uncertainty about whether that trend will hold, as he mentioned that the tech sector has been relatively quiet in terms of news, aside from a keynote from Jensen Huang. Looking ahead, Cramer noted that more retail earnings are expected this week.

“But here’s the bottom line: Unless we get news of new hostilities in the trade war with China, I think this market’s propensity will still be to go higher, even though we are overbought. And even with this late-night credit rating downgrade of the US debt, which is very quizzical to me, I think we’re containing the downside of the economy, and that means no recession, which tells me the negativity may be out of sync with the reality. That’s often the best kind of market…”

Our Methodology

For this article, we compiled a list of 15 stocks that were discussed by Jim Cramer during the episodes of Mad Money aired on May 16. We listed the stocks in the order that Cramer mentioned them. We also provided hedge fund sentiment for each stock as of the fourth quarter of 2024, which was taken from Insider Monkey’s database of over 1,000 hedge funds.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

The TJX Companies, Inc. (NYSE:TJX)

Number of Hedge Fund Holders: 74

The TJX Companies, Inc. (NYSE:TJX) was part of Cramer’s game plan for the week, and he said:

“Now speaking of going down after a good quarter, the worst offender of all might be TJX, which oddly may be the best of the retailers right here. TJX, forever holding up the Charitable Trust, buys excess goods from merchants who need cash and then marks them up and sells them to you at what’s still a huge discount. Now, I’ve gone twice this week to my TJ Max, just looking for who knows what. I like to go there. I’m looking for bargains like you.”

TJX (NYSE:TJX) is a retail company that offers discounted products. The company has a range of merchandise that includes clothing for all age groups, home goods, jewelry, and other items.

Overall,TJX ranks 8th on our list of stocks on Jim Cramer’s radar. 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 AI stock that is more promising than TJX and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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