We have an embarrassment of riches when we look at TJX Companies and Costco in terms of just flat-out value — and a dicey one, admittedly, in Best Buy , which I think has turned an important corner. TJX Companies I fear sometimes that we overstayed our welcome in off-price retailer TJX. But every time we do a check in, I realize that the company behind T.J. Maxx, Marshalls, and HomeGoods is just crushing it, and you don’t leave the stock of a company that is doing that well. Costco Research firm Redburn downgraded Costco this week, which made me want to downgrade Redburn. Costco is doing so well, it has so obviously won over the hearts and minds of American consumers and shoppers worldwide. Redburn downgraded it because the stock is not cheap. But Costco stock has never been cheap. That’s just not a good enough reason to downgrade. I want to hold it for as long as it continues to take share worldwide. That could be for a very long time. Best Buy This week, Jeff Marks, our director of portfolio analysis for the Club and my righthand man, and I talked about how Best Buy may be a place where you can still get iPhone 15 Pro models at a low price that will still allow you to upgrade to Apple Intelligence. You can’t buy the 15 Pro anymore directly from Apple, which is pushing iPhone 16 models, which were just unveiled. It was just a one-off thing but I think that Best Buy has worked its way into the conversation after its last quarter. Some of me wants to just bang out the gain because it is large, and we fought hard. But this is the kind of stock that can fly both because of its nearly 4% annual dividend yield and because it sells a lot of big durable goods, like appliances and home theater systems, that do terrifically when the Federal Reserve cuts interest rates. (Jim Cramer’s Charitable Trust is long TJX, COST, BBY, AAPL. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
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