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.
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.