shortly after the opening bell wednesday we will buy 75 shares of tjx companies tjx at roughly 7350 following todays trade jim cramers charitable trust will own 875 shares of tjx increasing its weighting in the portfolio to about 257 from 236 markets are pointing to a sharply lower open wednesday with the s  p 500 sliding 175 in premarket trading there was optimism tuesday that the crisis of confidence in the regional banks had turned for the better after various government agencies stepped in to cushion the blow from the collapse of silicon valley bank and signature bank but jitters have emerged in europe where banking stocks are getting crushed this morning on concerns about the health of credit suisse a globally systemically important bank gsib us market futures were actually pretty calm early this morning up until saudi national bank credit suisses largest investor said it would not provide more capital to the troubled bank saudi national bank cited the regulatory challenges of increasing its stake above 10 according to an interview with bloomberg tv this comment sparked a selloff in credit suisse and many other european banks and those fears spread into the us market a likely decline for us stocks on wednesday should push the market deeper into oversold territory after yesterdays 583 reading on the s  p oscillator  thats despite the producer price index ppi for february being a nice surprise this morning down 01 month over month in february compared to expectations of a 03 increase we are looking for opportunities to put a little more cash to work when a nasty selloff in the futures market brings down the prices of everything we like to separate what deserves to be down from what doesnt and buy highquality companies with great balance sheets and durable businesses tjx ytd mountain tjx companies tjx ytd performance thats what is drawing us to tjx companies  the offprice retailer that appeals to consumers looking for a discount on quality merchandise the company recently reported a solid quarter with earnings up 14 year over year and comparable sales at marmaxx up 7 in the united states indicating strong momentum at the marshalls and tj maxx concepts this trade is in violation of our low average cost basis of 6332 but we view the stocks 6 decline year to date and roughly 10 pullback from its high as an opportunity to get bigger in this best of breed name jim cramers charitable trust is long tjx see here for a full list of the stocks as a subscriber to the cnbc investing club with jim cramer you will receive a trade alert before jim makes a trade jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trusts portfolio if jim has talked about a stock on cnbc tv he waits 72 hours after issuing the trade alert before executing the trade the above investing club information is subject to our terms and conditions and privacy policy  together with our disclaimer  no fiduciary obligation or duty exists or is created by virtue of your receipt of any information provided in connection with the investing club no specific outcome or profit is guaranteed