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...