TJX - 2 Retail Stocks Worth Watching Wednesday

2023-08-16 10:29:52 ET

The stock market opened mixed on Wednesday, with major market benchmarks trading on either side of the unchanged line as investors tried to parse through all the crosscurrents on Wall Street lately. With many people watching the state of the economy while others worry about historical stock market weakness in September and October, investors seem to be on edge as summer moves forward.

This week has been full of financial reports from retail stocks , and Wednesday was no exception. However, both Target (NYSE: TGT) and TJX Companies (NYSE: TJX) had good news for their shareholders, and that helped to bolster sentiment in the area. Here's everything you need to know about what Target and TJX said Wednesday morning.

Shares of Target were up 6% early Wednesday. The department store retailer reported fiscal second-quarter financial results for the period ended July 29 that looked good, even though Target had some comments that left investors asking questions about what the future could bring.

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