Jim Cramer says TJX Cos. (TJX) is a great buy at current prices because it'll get all of the leftover merchandise from other stores that are closing down.
"When you see more than 4,500 stores being shuttered you should be thinking: 'Wow, at last TJX gets to show off its grit' That should be what happens this quarter," Cramer said during his latest monthly conference call with his Action Alerts PLUS club for investors.
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Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
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