Once again, Jim Cramer wants you to buy a stock right away.
The well-known financial pundit and CNBC celebrity investor has highlighted a company that he thinks is currently undervalued, and he thinks you should buy low while you still can.
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In his recent CNBC column, he noted that TJ Maxx’s recent second quarter earnings estimates were “below expectations,” but “the full-year outlook above,” meaning its having a temporary dip, all the more reason to dive in. He then took to Twitter, urging his followers not be scared off by “silly weakness.”
Of course, its your money and you can choose whether to buy the dip or not. One of Cramer's signature moves is to look for a stock that he feels is being unfairly valued. The retail world has been taking a beating this year, as seen by the bankruptcy of Bed Bath & Beyond.
However, its an ongoing debate as to whether physical brick-and-mortar stores are dead, a victim of the rise of e-commerce and Amazon Prime, of if stores like Bed Bath & Beyond were the victim of bad management. Maybe people really do like going to a store if there's a reason, and perhaps TJ Maxx, which is known for selling discount apparel, has strong fundamentals and a bright future ahead.
While his advice may be law to some, Cramer is willing to own up to when he makes the wrong call, as no one bats a thousand.
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