Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.3%), Nasdaq Composite (+0.2%), and DJIA (+0.2%) are little changed from their previous levels.

Despite relative strength in retailer names following the earnings of Target (TGT 161.50, +9.02, +5.92%) and Lowe's (LOW 221.32, +5.68, +2.63%), TJX (TJX 145.81, -5.04, -3.34%) is a laggard today after reporting its Q2 (Jul) results this morning. The off-price retailer continued its stretch of EPS beats, although results included a benefit from tariff refunds, while revenue increased 5.4% year-over-year to $15.18 billion, roughly in line with expectations. TJX also raised its FY27 EPS outlook to $5.31-5.36, nicely above expectations, while slightly increasing its revenue outlook to $63.4-63.8 billion from $63.2-63.7 billion, which remained below expectations. While TJX typically guides conservatively, much of the EPS upside reflects tariff refunds, while the below-consensus revenue outlook and reaffirmed +3-4% comp guidance despite strong first half results likely keep some focus on the back-half sales trajectory.