Stocks are under pressure this morning over fears of a new strain of coronavirus surfacing in the U.K.. Enthusiasm over Sunday’s long awaited new stimulus deal on Capitol Hill and the start of shipments of Moderna’s vaccine don’t seem to be enough to turn the tide as airlines, cruise lines are getting slammed on concerns about the highly contagious strain of coronavirus which triggered more severe lockdowns and travel restrictions across Europe.
Our trade alert for today features one stock that you may want to consider snatching up on this dip.
The TJX Companies, Inc. (TJX) is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. The company operates T.J. Maxx, Marshalls, and HomeGoods stores in the United States. TJX also operates HomeSense, Marshalls and Stylesense stores in Canada, and T.K. Maxx and HomeSense stores in Europe. Around 25% of revenues are international.
TJX is best in its class on product, merchant, merchandising, discipline with inventory and they’re great at marketing. But the real kicker is — gross margins have opportunity to go a lot higher. In 2008, during the financial crisis the following year TJX’s gross margin went up 300 fold. Currently, the stock is only up 11% for the year.
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Overall, the stock has an aggregate VGM Score of B. If you aren’t focused on one strategy, this score is the one you should be focused on.
Estimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise TJX has a consensus rating of Strong Buy. Of 18 analysts recommendations, there are 14 Strong Buy ratings, 1 Buy rating, 3 Holds and no Sell ratings for TJX stock. It also holds a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.
Considering the company’s growth opportunity and operating leverage, plus the fact that its trading at just 22.5 times forward on trough earnings, TJX is pretty attractive.
Where to invest $1,000 right now...
Before you consider buying The TJX Companies, you'll want to see this.
Investing legend, Keith Kohl just revealed his #1 stock for 2022...
And it's not The TJX Companies.
Jeff Bezos, Peter Thiel, and the Rockefellers are betting a colossal nine figures on this tiny company that trades publicly for $5.
Keith say’s he thinks investors will be able to turn a small $50 stake into $150,000.
Find that to be extraordinary?
But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.
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