A top Wall Street analyst's stellar endorsement of TJX Companies makes us want to buy more shares of the discount retailer.
Matt Boss of JPMorgan — Jim Cramer's favorite retail analyst — said Friday that several off-price retailers, including Ross Stores , Burlington Stores , and Club holding TJX, were buys.
One possible catalyst for TJX stock is the company's quarterly earnings report this coming Wednesday before the opening bell.
Part of the reason is also the growing appeal in off-price retailers and discounters as consumers in higher and higher income brackets seek value.
"I continue to think that Costco is the stock to buy off of Walmart," Jim said Thursday.
Persons:
Matt Boss, JPMorgan, Jim Cramer's, —, Boss, HomeGoods —, Jim, TJX, Walmart's, Jim Cramer, Jeff Greenberg
Organizations:
TJX Companies, Ross Stores, Burlington Stores, JPMorgan, Walmart, Costco, TJX, CNBC, Universal, Getty
Locations:
Maxx, Port St Lucie , Florida