Jim Cramer Thinks the Gap Inc (GAP) Stock Selloff Has Gone Way Too Far

We recently published a list of Jim Cramer Recently Discussed These 15 Stocks. In this article, we are going to take a look at where The Gap, Inc. (NYSE:GAP) stands against other stocks that Jim Cramer discussed recently.

The Gap, Inc. (NYSE:GAP) stood out as a surprise bright spot in the retail sector, with Cramer highlighting strong same-store sales and solid profitability. He argued the negativity had gone too far and called the stock undervalued:

“And while we’re on the subject, after speaking to Gap’s Richard Dickson last night, I think the selling there is way, way overdone. There’s too much good happening at this company, including strong same store sales from both Gap and Old Navy. Plus, the company’s gotten immensely profitable, and it’s sitting on a ton of cash. With the stock down over 20% today, I think it’s worth to go just outright, outright buy the stock on Monday. The sellers will be shamed. Fall into the gap. “

Northfoto / Shutterstock.com

The Gap, Inc. (NYSE:GAP) owns well-known retail brands including Gap, Old Navy, Banana Republic, and Athleta, serving value-focused and lifestyle-driven shoppers.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.