A Gap Up For Gap?

Very recently I discussed the surprising optimism around retail stores in the first half of the post, Foot Locker Slides Ahead of Earnings. Based on the rise Foot Locker received in response to a positive earnings beat, a positive beat could be on the way for Gap ($GPS) come Thursday after market close. Gap is currently sitting on an increase of $1.07 today to close at $15.50, a big rise up even though there are three sessions until the earnings announcement. For such a cheap stock, the optimism seems high for there to be a rise like this this early. This early we do not even have to play it through earnings, we can just ride the optimism right before it.

-Darnel Shillingford

Leave a Reply

%d bloggers like this: