12 Stocks Jim Cramer Discussed As Part Of His Big Tech Deep Dive

3. The Gap, Inc. (NYSE:GAP)

Number of Hedge Fund Holders In Q2 2025: 44

Thursday was an interesting day for The Gap, Inc. (NYSE:GAP)’s shares as they were briefly halted for trading. However, they closed the day 5.9% higher after the firm announced a push into cosmetics and accessories. Cramer discussed the halt and his conversation with the CEO while trading was frozen:

“[On a halt in shares] I just had Richard Dickson on last week. He was fantastic. I thought he had great, the stock went from 22 down to 20 and then came back to 22. Because he really did have a good quarter, let’s see, Dickson’s been, Dickson just changed [inaudible] person who was in Athleta, because that division was down 11%. But he had very good Banana Republic. I think there are people who feel like the turnaround has stalled, I’m not buying that I think that he continues to push and push. Not as great as Macy’s, which was fabulous.

“I’m a big believer that this is a longer-term turn, and that Dickson is doing the right thing. Stock did fall from 28 to 21. There was very big dispirited action after the company reported because there was a belief that he really missed. And you know he missed the, there’s a, it’s a lot of moving parts to GAP. Lot of moving parts. Don’t know what’s going on.

“. . uh, you know here’s what he’s [Dickson] saying to me, I’m literally walking, he’s walking [inaudible] the station to Goldman, going to have his team get in touch, but it’s a presentation about to be made and he had to get ahead of it. Ahead of the Goldman presentation. And I think that’s really important. People have to recognize, a lot of news being made at these things.

“I mean look, GAP,  I mean now GAP is up 10% from where Richard Dickson allegedly had a not great quarter because he introduces cosmetics stop trading at a conference. And I just think that people are excited if there’s something exciting about retail, then people are buying.”