This article is for education purposes only, and not to be taken as advice to buy/sell. Please do your own due diligence before committing to any trade/investment.

The Christmas jingles, decorations, and sale are out!

Everywhere I visit, I see shoppers in high spirits, carrying huge shopping bags.

At the same time, I have observed many generous donors giving their time and money to worthy causes.

This is indeed the season of giving.

TJX Companies, being in the retail industry, is likely to benefit from this festive season.

So shall we have a look at this company and find out if you should be shopping for its stock this December?

Brief History of TJX Companies

Source: tjx.com

TJX Companies was founded in 1977 and opened 2 stores in the USA.

Through an acquisition, the company broke into the Canadian market and has been growing since.

It has gone from strength to strength, establishing stores all over Europe and Australia.

Has the expansion benefitted the company?

Let’s discover in the next section.

Business Model and Financials

Source: tradingview.com

From the graph above, it’s evident that the total revenue (in blue) of TJX Companies has been growing annually. The only exception is in 2020 when COVID-19 struck.

While it’s important for its total revenue to grow, has its net income grown too?

Yes! It’s net income (in yellow) has been growing alongside its total revenue.

Similarly, it suffered in 2020.

2021 and 2022 were extremely strong years where TJX Companies managed to outdo its pre-COVID performance.

As a discount store, this result is fantastic.

Do investors and traders agree to this?

Technical Analysis on TJX Companies (NYSE: TJX)

Let’s take a look at its price chart to find out whether traders and investors love this stock.

Its price chart is in a beautiful uptrend. This can be inferred from the color of the candles and outline being predominately blue.

Knowing the trend is critical because you’ll want to be looking for buying opportunities in an uptrend.

This brings me to the 2 main indicators on the chart – the green arrow, and the Trend Impulse Factor.

Do you see a green arrow under the latest candle of TJX Companies?

The green arrow can be likened to a Buy signal. However, it works better when paired with the Trend Impulse Factor.

What about this Trend Impulse Factor indicator, you ask?

You’ll want the bar of the Trend Impulse Factor indicator to be dark green in color when the green arrow is up.

This tells you that there’s bullish momentum, and its likely to last. Then, you’ll enjoy a higher chance of profiting from this stock.

So, should you be shopping for this stock?

Not yet.

It’s a good idea to keep this stock in your watchlist and wait for both indicators to agree.

Conclusion

Source: unsplash.com

TJX Companies has come a long way and remains financially healthy.

This is also reflected in the optimism the market has on its stock.

However, a look at the 2 proprietary indicators suggests that the time to buy its shares for a position trade isn’t here just yet.

Both the arrow and Trend Impulse Factor indicator have been tested and proven. They form the TradersGPS (TGPS) system to help you decipher if a stock is ripe for a position trade. You won't have to feel in the dark and make wild guesses.

It’ll be a good idea to save this stock in your watchlist and monitor it over the next few weeks.

If you’re struggling to make money from the market, just do this ONE thing in 2023:

If you’re like most people, you probably think that building a profitable side income stream from the stock market is something that is extremely difficult to achieve, and time-consuming as well.

And you probably know that one friend or relative who has lost a lot of hard-earned money to the market despite being ‘experienced’.

And especially since 2022 was a time when we saw many people in the red, bag-holding 20-80% losses…

It’s understandable to see why most people have such a grudge towards the idea of profiting from the market.

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There is one simple skill that will never make you feel that making money in the stock market is difficult ever again?

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If you have heard of this before but still do not have it figured out yet, let today be the day you get it right.

You see, the #1 problem with most ‘experienced’ traders who just can’t seem to make money consistently from the market despite having consumed tons of learning resources & materials is not because there is a problem with their strategies.

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Stocks that have very bad set-ups, price movement, andin general just a low probability of moving in the direction you wish for.

In fact, this process of picking the right stocks is a crucial step that most people don’t even think about.

Ask yourself this, what is your current process for knowing what stocks to buy?

Companies that you like such as TSLA, META, AAPL etc..?

Stocks that your friends tell you to buy?

Stocks that you read about in financial news, blogs or Youtube videos?

Or even stocks that you spend hours reading up their financial reports and doing fundamental analysis?

If you have done any one of the above, you are making a dangerous mistake and that has to change.

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That’s how exactly I was able to still execute 20-40% and higher trades last year when the entire market was down.

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P.S You can also get to ask me any stocks you are currently thinking of buying and I’ll show you if it’s a strong stock and whether the odds are stacked in your favour or not!