We recently published a list of Did Jim Cramer Nail or Miss These 11 Stock Predictions? In this article, we are going to take a look at where The Gap, Inc. (NYSE:GPS) stands against other stocks that Jim Cramer discusses.
In that older episode, a young viewer called in with a question about The Gap, Inc., asking Cramer to comment on the stock and explain some basic investing terms. The stock had been holding up despite a broader market decline. Cramer was impressed and replied:
“Gap is one of the stocks that bucked the onslaught today. That’s a really, really good sign. It does report next week and I think it’s going to be an excellent quarter. So I say own it — and maybe buy some more if it goes down again tomorrow.”
Cramer’s optimism was spot-on as Gap rallied 36.43% over the past year. The Gap, Inc. (NYSE:GAP) is regaining retail relevance by focusing on disciplined inventory management and brand revitalization across Gap, Old Navy, and Athleta.
Jim Cramer recently recommended his viewers to buy shares of the retailer. Here’s what he said on May 23:
“Hey, speaking of retail, ever since Richard Dickson became CEO of the Gap, almost two years ago, he’s been busy reinventing the place. We’ve had him a number of times. It is working people, and since the last quarter, analysts have been falling all over themselves about this story. And now here’s one that if it comes down ahead of the quarter, you have my permission, no, my blessing to pull the trigger and do some buying. Fall into the Gap.”
A young person confidently wearing a denim outfit and eyewear in the street.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
This article is originally published at Insider Monkey.
Hedge Fund Resource Center