The Gap’s new president, Richard Dickson, 52, has many challenges to overcome. His first meeting with analysts and investors after reporting 3rd quarter 2023 results shows that he has a clear understanding of the Gap’s problems and opportunities. In the three months that he has been on the job, he has closed many unprofitable Gap stores, invigorated Old Navy, and...
The Gap (NYSE:GPS) jumped 14.9% in the morning session after the company reported third quarter results that blew past analysts' revenue and EPS expectations, although its revenue declined in absolute terms. These beats were driven by better-than-expected same-store sales performance (analysts forecasted a 7% decline, and Gap posted a 2% decline). In the earnings...
Let's look at some household retail names
starting off with The GAP #GPS
It's ATH was over Twenty years ago
Is this Head and Shoulders signalling a Bankruptcy event during the next recession?
Analyzing the options chain and the chart patterns of GPS The Gap prior to the earnings report this week,
I would consider purchasing the 9usd strike price Puts with
an expiration date of 2023-12-15,
for a premium of approximately $0.73.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to...
On the chart there are distinct observable bear and bull phases (which I have labelled)
The currently displayed two bull and bear phases are roughly the same lengths in time
Currently, we are moving into another bull phase for GPS, as it climbs out of the 1.618 fib
The Gap, Inc. operates as an apparel retail company. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, Athleta, Intermix, and Janie and Jack brands. Its products include denim, tees, fleece, and khakis; eyewear, jewelry, shoes, handbags, and fragrances; and fitness and...
The Gap, Inc. operates as an apparel retail company. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, Athleta, Intermix, and Janie and Jack brands. Its products include denim, tees, fleece, and khakis; eyewear, jewelry, shoes, handbags, and fragrances; and fitness and...
Great entry point at current price before earnings report tomorrow AMC. Incredible technicals throughout for this stock, could quickly see 19-19.50 with highs of 21 post-earnings day. GPS is bullish as long as it doesn't go below 16.07 and closes today and tomorrow above 16.26.
