5 Retail Stocks to Buy Now

These stocks are set to cruise through the holidays

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5 Retail Stocks to Buy Now

#1 – TJX (TJX)

TJX185 5 Retail Stocks to Buy NowYTD gain: 46%
P/E: 21
52-week price target: $66.26 (6% potential upside)

Amazingly, earnings at TJX (TJX) — the parent of TJ Maxx, HomeGoods and Marshall’s — have grown for more than two years, even though the chain appeals to the same budget-conscious customers that seem to be avoiding Walmart and other discount retail stocks.

During the most recent quarter, same-store sales at TJX rose 5%, beating the company’s internal expectations of about 4%. HomeGoods alone reported a 10% gain in that key retail metric.

During the company’s recent earnings conference call, CEO Carol Meyrowitz struck a positive note, adding that TJX is “confident that we will become a substantially bigger company, driving both the top and bottom line. ”


Article printed from InvestorPlace Media, http://investorplace.com/2013/12/five-retail-stocks-worth-buying-today/.

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