Jim Cramer Backs TJX Ahead of Earnings While Warning of Ongoing Meta Litigation Risks

The CNBC Investing Club’s “Morning Meeting” noted that U.S. stocks fell amid a surge in 30-year Treasury yields above 5.33%—a level not seen in nearly two decades—and West Texas Intermediate crude climbing past $85 a barrel as U.S.–Iran negotiations stalled. With the club holding roughly 13% cash, Cramer said the cash position signals a belief that “the market is going down.” He added that the club will not deploy capital merely because stocks appear oversold, emphasizing the need for “actual price breaks.”

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Cramer remains bullish on TJX Companies, the parent of T.J. Maxx, Marshalls and HomeGoods, ahead of its earnings report scheduled for Wednesday. He highlighted the retailer’s historically conservative guidance, which often ends up near or above the high end of forecasts, and singled out HomeGoods as a key growth driver. Cramer suggested that TJX’s value-focused model could capture market share as consumers stay selective with spending. Year-to-date, TJX shares have been relatively flat after a record-high close in June.

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Cramer warned that ongoing litigation could continue to weigh on Meta Platforms.

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• “That 13% means we believe the market is going down,” — Jim Cramer

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TJX’s earnings release on Wednesday will provide the first data point for Cramer’s bullish thesis. The California trial against Meta is set to proceed, with the possibility of an appeal that could bring the matter before the Supreme Court in the future.

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