|Bid||51.62 x 800|
|Ask||51.64 x 900|
|Day's Range||51.47 - 52.71|
|52 Week Range||41.49 - 56.64|
|Beta (3Y Monthly)||0.86|
|PE Ratio (TTM)||21.23|
|Earnings Date||Aug 19, 2019 - Aug 23, 2019|
|Forward Dividend & Yield||0.92 (1.68%)|
|1y Target Est||57.52|
TJX beat earnings views and raised its outlook as Ross Stores earnings await. TJX stock wobbled but rose closer to a buy point.
U.S. stocks bounced back on Tuesday, with an increasing number of traders talking about choppy market conditions. Without a change in trade-war rhetoric -- either good or bad -- it's hard for the market to gain much momentum in either direction. Let's look at a few top stock trades for Wednesday. Top Stock Trades for Tomorrow 1: TJX Companies Click to EnlargeTJX Companies (NASDAQ:TJX) beat on earnings expectations and raised its outlook. Shares are about flat on the day despite its report, although it's now well off the lows. It doesn't help that the retail sector is mixed following Tuesday's earnings releases.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 5 Data Center REITs to Buy That Deliver Sizable Income For TJX, it's a best-in-breed name that's clinging to its 50-day and 20-day moving average. It's also holding that gap-up level near $52. So long as that remains the case, bulls can stay long TJX.Below and it gets more iffy. If that's the case, see how it handles Tuesday's low and the 200-day moving average. If it fails as support, sub-$50 could be the way. Should TJX can maintain current levels, see if it can rally to resistance near $55 to $56.Momentum and the RSI (blue circles) are starting to move in bulls' favor. Top Stock Trades for Tomorrow 2: Tesla Click to EnlargeWe took a longer-term look at this one last week, but the continued selling pressure in Tesla (NASDAQ:TSLA) is forcing us to take another look. This time, it's after Morgan Stanley analysts give their new opinion on the stock, which includes a "bear case" price target of $10. (Psst…was Apple (NASDAQ:AAPL) thinking about buying Tesla a few years ago? Reportedly, yes!)The stock broke below its downward channel last week, as Tesla dove below $200. However, it's putting together a nice two-day range. I like two-day ranges because it gives both buyers and sellers a level to measure against.Over the two-day high -- currently $207.40 -- and investors can look for TSLA to move higher. Upside targets include the gap fill just over $210, Friday's high at $222.25 and the next gap fill up near $227.50. The middle of those three targets would be a test of prior channel support.Below the two-day low of $195.25 and we can get a break lower if TSLA stock does not reclaim this mark in the session. Top Stock Trades for Tomorrow 3: AutoZone Click to EnlargeAutoZone (NYSE:AZO) beat on earnings and revenue expectations, as shares jumped almost 6% in the session.The $980 level held as support while AZO is now smashing through the 20-day and 50-day moving averages. The RSI and MACD (blue circles) shows there is plenty of room for bulls to run if they can maintain momentum.If AZO can push through $1,040, $1,075 could be the next target. I want to see shares hold $1,000 now. Top Stock Trades for Tomorrow 4: J.C. Penney Click to EnlargeJ.C. Penney (NYSE:JCP) is down about 8% after reporting earnings and flirting with a decline below $1.Shares are also on the cusp of falling below downtrend support. If it does, look for a retest of the December lows. If channel support holds, a rebound up to $1.20 is possible. I am not a big supporter of trading JCP stock, as it's often too volatile and there are almost always better candidates in the market. Top Stock Trades for Tomorrow 5: Nordstrom Click to EnlargeNordstrom (NYSE:JWN) will report earnings on Tuesday after the close, while investors continue to digest retail earnings.$36 has been a decent level of support and JWN has come down big ahead of the print. Its legacy business may struggle, but perhaps Rack can save the overall results. Still, retail isn't getting much love and it's hard to be super bullish into the print. * 7 Stocks to Buy for Over 20% Upside Potential Below $36 could call upon the $32 to $34 range, while a rally could send JWN up to the $40 to $41 level. That's prior channel support and the 20-day moving average. See if this area is reclaimed or if it acts as resistance.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AAPL. Compare Brokers The post 5 Top Stock Trades for Wednesday: JCP, TSLA, TJX appeared first on InvestorPlace.
TJX Companies' (TJX) earnings and revenues gain on continued improvement in customer traffic in Q1. Encouragingly, management raised its fiscal 2020 bottom-line view.
The broader department store industry has been getting hammered over the past 52-weeks, with the industry as a whole being down around 19%. While the department store industry is declining, discount retailers like TJX have been flourishing. With the overall discount industry up 17% and TJX up even more.
TJX Companies posted stronger-than-expected first quarter earnings Tuesday, while boosting its full-year profit guidance, following surprisingly solid same-store sales.
Jim Cramer is out, but Jeff Marks, senior portfolio analyst for Cramer's Action Alerts PLUS investing club, is back with the latest market news and analysis. , among other athletic apparel and shoe companies, sent President Donald Trump, and, of course, he's taking a look at some of the biggest retail earnings.
TJX (TJX) delivered earnings and revenue surprises of 3.64% and 0.90%, respectively, for the quarter ended April 2019. Do the numbers hold clues to what lies ahead for the stock?
Investing.com - Retailer TJX Companies traded higher on Tuesday after reporting better-than-expected fiscal first-quarter results and modestly raising its full-year guidance amid growth in customer traffic.
TJX Cos Inc raised its full-year profit forecast and beat quarterly same-store sales estimates on Tuesday, as the off-price retailer's steep discounts attracted more shoppers. TJX, which sells coveted ...
TJX Companies Inc (NYSE: TJX ) reported quarterly earnings of 57 cents per share, which beat the analyst consensus estimate of 55 cents. The company reported quarterly sales of $9.278 billion, which beat ...
Shares of off-price retailer TJX Cos. rose as much as 2% in Tuesday premarket trading after it reported first-quarter earnings that beat expectations and raised its outlook. Net income of $700.2 million, or 57 cents per share, was down from $716.4 million, or 56 cents per share, last year, but beat the 55-cent FactSet EPS consensus. Revenue totaled $9.28 billion, up from $8.69 billion last year and ahead of the $9.22 billion FactSet guidance. Same-store sales rose 5%, led by TJX International (up 8%) and Marmaxx (up 6%). The FactSet expectation was for 3.6% growth. "With our above-plan first quarter results, we are raising our full-year earnings per share outlook," said Chief Executive Ernie Herrman in a statement. For the second quarter, TJX expects EPS of 61 cents to 62 cents and same-store sales growth of 2% to 3%. FactSet expects EPS of 62 cents and same-store sales growth of 2.7%. For the year, TJX now expects EPS in the range of $2.56 to $2.61, up 5% to 7% from last year. Prior guidance was for an increase in the range of 4% to 7%. TJX stock has rallied 18.4% for the year to date while the S&P 500 index has gained 13.3% for the period.
On a per-share basis, the Framingham, Massachusetts-based company said it had net income of 57 cents. The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks ...
TJX Cos Inc reported a better-than-expected quarterly same-store sales on Tuesday, as the off-price retailer's steep discounts brought more shoppers to its Marshalls and HomeGoods stores. Comparable-store ...
FRAMINGHAM, Mass.-- -- Consolidated comp store sales increased 5%, over last year’s 3% increase Customer traffic was the primary driver of the consolidated comp sales increase and was up at all four major divisions Net sales increased 7% to $9.3 billion Diluted EPS of $.57 Increased Fiscal 2020 EPS guidance Returned $589 million to shareholders in the first quarter through share repurchases and dividends ...
The Nasdaq Composite gave up nearly 1.5% on Monday, as that index and the S&P 500 (easily the two broadest, and thus most important, measures of large-cap health) fell significantly further away from their respective 50-day simple moving averages. Trading volume was significantly lower at the Nasdaq than it was at the New York Stock Exchange -- and for shares listed at either exchange, volume fell sharply from where it has landed on other recent down days for the indices. The Philadelphia Semiconductor Index (SOX) was routed for the day to the tune of more than 4%.
With TJX and Burlington set to report earnings soon, we brought in a top analyst to break down what every investor needs to be paying attention to.
TJX, the parent company of TJMaxx, is the biggest of the off-price retailers, a segment of the industry that’s been more insulated against Amazon and other e-commerce incursions.