TJ Maxx and Marshalls parent company TJX Cos. beat Wall Street's expectations on the top and bottom lines, leading it to raise its guidance.

TJ Maxx and Marshalls parent company TJX Cos. beat Wall Street's expectations on the top and bottom lines, leading it to raise its guidance.

The retailers' performance jumps out as investors and economists try to predict the holiday season and the outlook of the U.S. economy next year.