TJX Companies Stock Discussion

The typically sleepy consumer-staples stock sector has been having a moment lately. The S&P 500’s consumer staples sector has risen 6% since August and has increased 16% year-to-date. $Walmart (WMT.US)$, $Costco (COST.US)$, $Philip Morris International (PM.US)$ and $Coca-Cola (KO.US)$ all reached all-time highs during Tuesday's trading session.
Source: S&P Global
What is driving the outperformance of consumer staples?
Strong retail sales data ...

Retail stocks have recently delivered a slew of upbeat earnings reports, alleviating investor concerns about consumer spending amid persistent inflation.
$Target (TGT.US)$ posted a 2% rise in comparable sales for its second quarter on Wednesday, marking the first increase in over a year. The company raised its full-year earnings per share outlook to $9-$9.70. $TJX Companies (TJX.US)$, owner of discount stores Marshalls and...

... $TJX Companies (TJX.US)$ .. Readers will see that TJX went through a double top reversal earlier this year, which worked less well that someone using that downside pivot to set a target probably would have liked. Going back to the liftoff in late 2023, the stock peaked at $115 in July. Over the next month and change, TJX went through a basing period of consolidation making use of the 23.5% Fibonacci retracement level of that late '23 into July '24 rally as support. TJX is likely to a...

... $TJX Companies (TJX.US)$ .. Readers will see that TJX went through a double top reversal earlier this year, which worked less well that someone using that downside pivot to set a target probably would have liked. Going back to the liftoff in late 2023, the stock peaked at $115 in July. Over the next month and change, TJX went through a basing period of consolidation making use of the 23.5% Fibonacci retracement level of that late '23 into July '24 rally as support. TJ...

Morning Movers
Gapping up
$TJX Companies (TJX.US)$ earnings beat by $0.04, and its revenue topped estimates. Shares rose by 3.5% in premarket trading.
$Target (TGT.US)$ stock soared 14.6% after the big box retailer raised its annual profit forecast and beat expectations for second-quarter comparable sales, attracting customers with low priced groceries and essentials.
$Toll Brothers (TOL.US)$ stock rose by 0.9% after the homebuildi...

As of the week ending August 16th, market sentiment has significantly improved. US stock indices opened lower on Friday but rallied later in the day, with both the $S&P 500 Index (.SPX.US)$ and $Nasdaq Composite Index (.IXIC.US)$ posting gains for the seventh consecutive day. They rose 3.9% and 5.2% respectively for the week, marking their best performance since October last year and ending ...

$TJX Companies (TJX.US)$ why dip?