Buy: TJX Cos. (TJX) & Skecher’s USA Inc. (SKX)
from Shortex Market Letter
TJX Cos. (TJX)
After posting second quarter profits that rose 14%, this retailer just increased its full-year earnings forecast to between $3.10 and $3.18, up from a previous forecast of $3.05 to $3.17 a share.
TJX Companies Inc. (TJX)
Reversal to challenge primary resistance @ (54-56) and secondary resistance @ (61-62).
Add to long positions.
Raise stop loss to 48 from 46.
Skecher’s USA Inc. (SKX)
Citigroup just increased its price target to $66 per share for this shoe manufacturer.
Skechers (SKX)
Up from 53.98. Challenging new highs @ 56.89 in the offing.
Add to long positions.
Raise stop loss to 49 from 47.
Joseph Parnes, Shortex Market Letter, www.shortex.com, 800-877-6555, August 13, 2014