Diamonds and Dogs
TJX (TJX) is well positioned for a good holiday. Retailer, TJX is up 7% to a new high following strong earnings. Earnings rose 23% to $12.53 billion. As consumer confidence drops, inflation continues to hit consumers' pockets, and government stimulus and savings fade, consumers will gravitate to the discount retailers.
Amazon.com picks a fight with Visa (V). Visa is down 6% as Amazon will stop accepting purchases made with Visa credit cards issued in the U.K. starting next year, the latest escalation by the online retailer in its push against transaction fees charged by payment networks. Customers can still use Visa debit cards, as well as MasterCard Inc. and American Express Co. credit cards, as well as Visa credit cards issued outside of the U.K.
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