Shares of TJX (TJX) are up 6.7% this year, but investors are hoping the stock can begin to outperform the retail sector heading in year's end.

Investors are hoping that a spark of outperformance may come from the company's earnings report, scheduled for release on Nov. 15.

TJX is a big position for the Action Alerts PLUS portfolio, which is co-managed by TheStreet's Jim Cramer. And JPMorgan analyst Matthew Boss is was upbeat about TJX, Cramer said, which is reassuring when considering how negative -- and correct -- Boss has been on other retail plays.

TJX s a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells TJX? Learn more now.

Cramer also pointed out that Macy's (M) is closing 100 U.S. stores. Cramer said that a lot of that merchandise will likely find its way to TJX, which runs discount retailer T.J. Maxx.

Analysts expect the company to earn 87 cents per share on $8.22 billion in revenue.

The stock appears to have good upside and limited downside, Cramer concluded.

At the time of publication, Cramer's Action Alerts PLUS had a position in TJX.

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