Is This Value Stock a Buy for Income Investors?
The Federal Reserve's interest rate hikes again proved insufficient to tame inflation.
This was apparent with the latest Consumer Price Index data for August released last week. Inflation rose 8.3% year over year, which was higher than economists were expecting. If last week taught us anything, it's that this elevated inflation is a dragon that will be difficult to slay.
For investors seeking to shore up their portfolios in this tough market, off-price retailers could be a great defensive pick. TJX Companies (NYSE: TJX) is a leading off-price retailer, but should investors buy the stock? Let's take a peek behind the curtain at TJX Companies' fundamentals and valuation to decide.
Source Fool.com
