What Makes TJX (TJX) a New Buy Stock

Core Viewpoint - TJX has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system reflects changes in earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - For the fiscal year ending January 2026, TJX is expected to earn $4.66 per share, with a 0.6% increase in the Zacks Consensus Estimate over the past three months [8]. Investment Implications - Rising earnings estimates and the Zacks rating upgrade suggest an improvement in TJX's underlying business, likely leading to increased stock prices as investors respond positively [5][10]. - The Zacks Rank system maintains a balanced distribution of ratings, with only the top 20% of stocks receiving a "Strong Buy" or "Buy" rating, indicating superior earnings estimate revisions [9][10].