TJX Earnings Growth Accelerates, Shrugging Off High Gas Prices. The Stock Is Rising Near Key Levels.
Quick Take
TJX reports accelerated earnings growth despite high gas prices, driving stock near key levels.
Key Points
- Earnings growth outpaces expectations.
- Stock performance remains strong amid inflation.
- Key price levels indicate potential upward momentum.
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TJX (TJX) topped first-quarter earnings and revenue targets early Wednesday, shrugging off high gasoline prices. The parent company of TJ Maxx, Marshalls and HomeGoods gave some mixed guidance. TJX's off-price chains can often serve as a bellwether for consumer spending, giving their earnings added weight. Shares of TJX rose solidly before Wednesday's open, rebounding from near a key level and…
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