| TJX Companies (TJX),
the leading apparel and home fashions off-price retailer, is on
the price upside despite a significant slow down in consumer spending.
While most other large retailers have seen their stock prices fall
significantly, TJX set an all-time high at $34.45 on March 25.
Although the company, like many other retailers, has lowered its
guidance, Wall Street expects TJX's 2,400 plus stores to generate
rising profits and sales for the year.
The stock's current upside is quite steep so expect a price correction,
particularly if the economic slowdown deepens.
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Posted March 29, 2008.
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