Jim Cramer on Gap: “I Know This Stock’s Inching Higher After a Quarter I Felt Was Pretty Good”

“Glum radical don’t spell retired to dinner, bash they? They hunker down and enactment home, each bummed out, eating ready-made salads and immoderate other they tin spend from the supermarket without breaking the bank. That’s been a occupation for millions of radical with the national worker furloughs and the nutrient stamp cuts, worldly that makes america look similar a banana republic. Except I deliberation that that’s an insult to the apparel chain, which is portion of a broader turnaround astatine The Gap, by the way. I cognize this stock’s inching higher aft a 4th I felt was beauteous good.”

Stock marketplace information showing an upward trajectory. Photo by Burak The Weekender connected Pexels

The Gap, Inc. (NYSE:GAP) sells apparel, accessories, and manner products for men, women, and children nether brands similar Old Navy, Gap, Banana Republic, and Athleta. During the August 28 episode, Cramer made immoderate comments astir the stock. He stated:

“What’s happening with the banal of GAP this evening? After the close, the retail chain, that besides owns Old Navy, Banana Republic, and Athleta, reported what, let’s telephone it, a mixed quarter. GAP posted a 2-cent net bushed disconnected a 55-cent basis; gross came successful somewhat weak… aforesaid store income up conscionable 1%, immoderate were looking for 2. On the different hand, absorption looks similar it’s making existent advancement connected the erstwhile ailing Banana Republic.

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