In the latest trading session, TJX (TJX) closed at $110.10, marking a -0.41% move from the previous day.
Recently, the retail sector has taken a beating as consumers and producers both feel the effects of inflation. This stems from the fact that many are doing their absolute best to hold onto what little money they have left after monthly expenses like groceries and rent hit historic highs. The caveat here, however, is that luxury brands that find their revenues from wealthier upper-class customers have done relatively well due to the growing wealth gap. On the other hand, mid-level and middle-inco
While the economy may have bounced back on paper from the COVID-19 disaster, it’s increasingly looking like we’re headed toward a K-shaped recovery. Per Investopedia, this phenomenon refers to a recovery following a recession (or in this case an acute emergency) where “only certain sectors, industries, or areas of the economy recover.” However, this dynamic may open opportunities in terms of consumer cyclical stocks to buy. Yes, rising inflation and elevated borrowing costs theoretically should