Buying More Shares of This Holding Off the Discount Rack
| Symbol | Transaction Type (Sell/Buy) | # Shares Traded |
|---|---|---|
| TJX | Buy | 145 |
After you receive this alert, the Pro Portfolio will buy 145 shares of TJX Companies ($TJX) at or near $128. Following the trade, we will own 1,750 TJX shares, accounting for roughly 3.65% of the Pro Portoflio’s assets.
We’ve sat patiently as prices of gas, diesel and other fuels climbed in recent days, and as the Fed raised interest rates, incrementally increasing debt-servicing costs. As the headlines around those developments have multiplied, we’ve kept a close eye on shopping-list name TJX and its oversold condition, waiting for the shares to bottom out ahead of the 2026 holiday shopping season.
With the shares now emerging from that oversold condition, and the improving technical setup we see in the chart above, we are rounding out our TJX position size in the Portfolio. This trade will consume a modest amount of cash on hand and reduce our cost basis marginally, but it also adds to our dividend income stream.
As we make this move, we will reset our checkpoint level for TJX to $110. We’ll look to raise that level accordingly, as the shares recover.
Adding Another Name to Our Shopping List
We will replace TJX on our near-term shopping list with heavy and medium-duty truck company Paccar ($PCAR), which, based on its daily chart, has slipped into an oversold condition, and per the weekly chart, is testing its 50-day moving average. That same setup came into play just before we added PCAR to the Portfolio.
We continue to have a three-pronged thesis around Paccar, which includes pending EPA emission standards tightening, an aging truck fleet, and bonus depreciation tied to the One Big Beautiful Bill that covers heavy truck purchases. On the argument that higher diesel prices may slow the demand for new trucks, today’s trucks are more fuel efficient than those from five to 10 years ago. That paired with bonus deprecation and incrementally higher truck costs next year, suggests the pull forward in demand that led us to start a position in PCAR shares remains in play.
The next known catalyst for PCAR shares will be ISM’s September Manufacturing PMI and the Flash September heavy truck order data. Both should be out in early October. Between now and then should we see the shares rebound off their 50-day weekly moving average, subject to market conditions, that may lead us to scoop up a few more shares for the Portfolio.
(Please note that we are looking to execute these trades at or near the share price mentioned above. Once the trade is completed, subscribers can see the trade’s executed price here. Be sure to toggle the chart to sort by Purchase Date.)
At the time of publication, TheStreet Pro Portfolio was long PCAR and TJX shares.
| Symbol | Panic Price |
|---|---|
| TJX | 110 |
More Pro Portfolio:
- Closing Out This Position as Fed Rate Hike Odds Rise
- 26 Signals Across 9 Portfolio Themes
- Weekly Roundup: A Good Week to Lose Less as Market Stumbles
