Cramer's Morning Take: TJX Companies 6/23/25

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Jim Cramer (0:49)

Hey, it's Cramer, and this is my morning take on the market from today's CNBC Investing Club morning meeting.

SPEAKER_4 (0:54)

Why don't we talk TJX too? Stock hasn't done much lately. It's kind of drifted lower, back to the 120s. There has been a little bit of a move up in some underperforming retailers or rotation, if you will, out of some of the retailer, like a TJX. You can put Costco kind of similar here that have done so well, have been so resilient year to date, whereas maybe a Target has kind of come back a little bit here. Still, you also had a disappointing retail sales report last week.

Jim Cramer (1:20)

And taken a heart by TJX, which made no sense to me.

SPEAKER_4 (1:24)

Yeah. Well, Calvin, they raised the price target this morning to 145 from 137 after a meeting with management and TJX. They left incrementally more confident in the setup for fiscal year 26 and 27 Some other thoughts as prices increase around the industry, it creates a better value gap for TJX. They're not too concerned about an increase in rising ocean freight rates. They call it very manageable here. But stock has, it kind of hit a high right around earnings, it's kind of drifted lower since then.

Jim Cramer (1:57)

It's been disconcerting to me, and I'll tell you what, because Dollar General and Dollar Tree are very strong. These have historically traded together, and I find that what I felt after reading this was no longer disconcerted, I just say opportunity. Opportunity buy, I would buy it right here.

SPEAKER_4 (2:16)

Yeah, certainly a company that plays the U-Pod game of under-promising and over-delivering. We've seen that countless times when they report, they tend to beat earnings on the high end, even of their guidance, but then the guidance for the next quarter, kind of in line or a little bit lower, but again, just a strong track record of-

Jim Cramer (2:33)

Yeah, I mean, I would say, I thought candidly, in the bottom here, it's going down to here. We have our meeting Wednesday. I would say now, this is along with Capital One, talk to you. Start your day with my out look on the market every morning. Visit cnbc.com/morningtake to become a CNBC Investing Club member at a special rate today.

SPEAKER_5 (2:58)

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