Naughty Flicks

Skip NavigationMarketsBusinessInvestingTechPolitics & PolicyVideoWatchlistInvesting ClubPROLivestreamMenuWe’re buying 75 buying shares of TJX Companies at roughly $125 each. Following Thursday’s trade, Jim Cramer’s Charitable Trust will own 1,125 shares of TJX, increasing its weighting in the portfolio to 3.6% from 3.33%. We are buying more shares of TJX. The stock of this off-price retailer was up roughly 2% on Thursday, a day after hitting another new 52-week low. Shares have been in the dumps since the beginning of August, falling roughly 20%, due to a rare Marmaxx same-store sales miss in the second quarter and a near non-stop rally in oil. While there are risks that the self-described poor execution at Marmaxx will linger into future quarters, we keep going back to the earnings call when TJX CEO Ernie Herrman said August, the first month of the current third quarter, was better versus Q2. Herrman’s comments give us some confidence that Marmaxx’s problems will be a one-and-done issue. Marmaxx is the unit that houses Marshalls and T.J. Maxx brands. As for the impact of rising energy prices on consumer spending, we saw on Thursday that August retail sales were much better than expected, a sign that consumers are in better shape to withstand elevated gasoline costs than the market is reflecting. Furthermore, we expect more consumers to shop at TJX’s banners, which also include HomeGoods, instead of traditional department stores if budgets tighten and shoppers become more focused on finding deals. (Jim Cramer’s Charitable Trust is long TJX. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.Read More