TJX jumps 4% to a new high after earnings — here’s what investors love about the report


Florida, Port St Lucie: TJMaxx, a cashier with a customer at check out.
Jeff Greenberg | Universal Images Group | Getty Images

TJX Companies shares climbed to an all-time high Wednesday after reporting better-than-expected fiscal first-quarter results Wednesday. The report showcased the off-price retailer’s appeal to bargain-hunting shoppers and prompted us to boost our price target on the stock.

Articles You May Like

Here’s why car payments are so high right now
Millionaires are abandoning the UK in droves, new research shows
Top BofA auto analyst says Detroit automakers need to exit China as soon as possible
Workers in certain industries tend to have higher 401(k) balances, Fidelity data shows
Mortgage demand flattens even as interest rates hit the lowest level since March