Why These Discount-Retailer Stocks Are Crashing Hard Today [The Motley Fool]
TJX Companies, Inc. (The) (TJX)
Last tjx companies, inc. (the) earnings: 2/26 08:00 am
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Source: The Motley Fool
What happened? Discount retailers that sell consumer discretionary goods Burlington Stores ( NYSE:BURL Ross Stores NASDAQ:ROST TJX Companies NYSE:TJX That's essentially double the losses for the broader stock market, on what's looking like it could be the worst day for stocks since either last Thursday Image source: Getty Images. So what Today's massive market sell-off, which is sending these discount retailers down even further, is being fueled by accelerated fears that the coronavirus pandemic is having a much bigger impact on the global economy than expected. Over the weekend, the U.S. Federal Reserve announced actions The first move was to cut interest rates, a surprising decision considering the Fed lowered rates only a couple of weeks ago, to reduce the overnight lending rate by a further 00 basis points, putting it essentially at zero. This move should give banks access to additional capital at rates that make more lending possible. Additionally the Fed said it would inject an
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TJX
News
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- ‘Queer Eye' newbie Jeremiah Brent cries a lot, but he is so productive [Los Angeles Times (CA)]Los Angeles Times
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- 10 Interior Design Trends Going Away In 2025 [Forbes]Forbes
TJX
Earnings
- 11/20/24 - Beat
TJX
Sec Filings
- 12/12/24 - Form 4
- 12/12/24 - Form 4
- 12/12/24 - Form 4
- TJX's page on the SEC website