| TJX
Companies (TJX),
the leading apparel and home fashions off-price retailer, is on
the price upside. While most other large retailers have seen their
stock prices fall significantly, TJX set an all-time high at $36.87
on August 8, 2008.
Although the company, like many other retailers, faces a significant
slow down in consumer spending, its 2,500 stores (T.J. Maxx, Marshalls,
HomeGoods, A.J. Wright, Winners, HomeSense, T.K. Maxx and Bob’s
Stores) continue to generate rising profits and sales.
But the stock's current upside is quite steep and is above the upper
boundary of its multiyear price channel, so expect a price correction.
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Posted August 14, 2008.
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