TJX Companies, the owner of TJ Maxx, Marshalls and Home Goods stores, continues to exceed expectations.
The management team is so optimistic about the company's prospects that it has raised its long-term expectations for the number of stores it believes it can effectively manage.
The projections have been increased by 500 units to reach 7,500 stores , and the management team is accelerating the pace of expansion to 4% to take advantage of that opportunity.
What do you think of TJ Maxx? Oh, my God. Really, what a move. You would almost think they had announced the worst news ever. TJ Maxx, it seems the sell-off has ended and gone too far.
I wonder why. I'll guess why you said that. You might be interested in analyzing Japanese candlesticks. And I will...well, I can't zoom in as much as I think. Well, here at the bottom, a big reversal day after a big price expansion.
So, we are now looking at a stock like TJX that has just declined , and we believe that this decline is somewhat unjustified . Therefore, we believe this could be a great opportunity as we enter the fourth quarter, and they should make very good profits by the end of the year in our opinion.
