Strength Seen in TJX (TJX): Can Its 5.0% Jump Turn into More Strength?

Company Overview - TJX Companies' stock rose 5% to close at $126.05, supported by strong trading volume, compared to a 3.4% gain over the past four weeks [1][2] - The company is well-positioned to attract cost-conscious consumers due to its strong inventory and ability to source discounted products amid economic uncertainty and supply chain disruptions [2] Earnings Expectations - TJX is expected to report quarterly earnings of$ 0.90 per share, reflecting a year-over-year decline of 3.2%, with revenues projected at $12.97 billion, an increase of 3.9% from the previous year [3] - The consensus EPS estimate for TJX has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [4] Industry Context - TJX operates within the Zacks Retail - Discount Stores industry, where another competitor, Ross Stores, saw an 8% increase in stock price, closing at$ 137, despite a -1.4% return over the past month [4] - Ross Stores has a consensus EPS estimate of $1.42, which is a 2.7% decline from the previous year, and currently holds a Zacks Rank of 4 (Sell) [5]