Jim Cramer Says TJX (TJX) Stocks Presents the "Best Buying Opportunity"

We recently published a list of Jim Cramer Talked About These 13 Stocks. In this article, we are going to take a look at where TJX (NYSE:TJX) stands against other stocks that Jim Cramer discusses.

Cramer highlighted that The TJX Companies, Inc. (NYSE:TJX) stock “represents the best value right now,” as he said:

“I want to highlight to you three retailers that reported excellent quarters in just the last couple of days, and only one was recognized as fabulous, that’s Urban Outfitters. One’s holding on with its fingertips, that’s RL, Ralph Lauren. And then a third, TJX, that’s getting sold off, yet presents, I think, now the best buying opportunity… And then there’s the king of value, TJX. While the stock went down today and has been going down since the quarter reported, keep in mind that it regularly sells off after the quarter, as I said to you, even when the earnings are good.

TJX is a simple story. The values here are extraordinary because they’re selling merchandise that retailers had to rapidly get rid of either to bring in new inventory or to pay the bills. I like it much more, for instance, than Ross Stores, also in its cohort, which really disappointed this very evening as opposed to the faux disappointment for TJX.

T.J. Maxx, HomeGoods, Marshals, they’ve got, they’re great value for all income groups, and that’s kind of what makes it such a great shopping experience. TJX told us that things are going terrific, just right now, great guns. I’d say, what the heck is the stock down for? It is time to buy it. It’s one of the most successful retailers of all time… TJX, the company, has more than 5,000 locations, and management thinks there’s room for another 2000 on top of that. Now, some of their brands are dramatically underpenetrated, especially in Europe.

Again, that’s why I think TJX stock represents the best value right now. Look, there are a ton of terrific retailers, but these three really put up amazing numbers, and only one is being recognized. I see that as an opportunity because it’s just a matter of time before Wall Street realizes that the kings of retail came out, showed you their best stuff this quarter, and you want to get into all of them before everybody else figures out what I just told you.”

TJX (NYSE:TJX) is a discount retailer that sells a variety of products such as family apparel, home items, jewelry, and other merchandise.

Overall, TJX ranks 13th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of TJX as an investment, our conviction lies in the belief that 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.

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