3 Amazon-Proof Stocks to Buy Now
In the past five years, the disruptive impact of Amazon.com's (NASDAQ: AMZN) growth has moved well beyond bookstores and consumer electronics chains. Even categories like apparel and groceries that were once thought to be Amazon-proof are proving to be fertile ground for the e-commerce giant.
The result has been a stampede by investors out of retail stocks. Yet some parts of the current retail landscape still seem Amazon-proof. A handful of best-in-class companies continue to expand at a healthy pace while keeping their profit margins relatively stable.
Off-price retail is one bright spot. Ross Stores (NASDAQ: ROST) and TJX Companies (NYSE: TJX) have been able to keep growing comparable store sales -- a key revenue metric that strips out the impact of opening and closing stores -- by reacting quickly to fashion trends and offering a treasure-hunt experience in their conveniently located stores. Savvy consumers can often find better deals at a Ross Dress for Less or T.J. Maxx store than on Amazon.com.
Source: Fool.com
TJX Companies Inc. Stock
With 23 Buy predictions and not a single Sell prediction TJX Companies Inc. is an absolute favorite of our community.
As a result the target price of 103 € shows a slightly positive potential of 1.86% compared to the current price of 101.12 € for TJX Companies Inc..
