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If there is something Wall Street would remember for this January it would be the subzero temperatures, the freeze and the breeze. Unless of course you were a Gap Inc investor. The US clothing company has recorded an exceptionally hot January with robust growth in sales and profits. Expectations from the clothing giant GAP has been rather subdued. Yet the Gap had a rabbit under its sleeve. Investors were expecting sales to slow and an overall growth to be frozen yet the Gap surprised with its two successful brands Banana Republic and Old Navy beating expectations. Gap has overwhelmingly beat estimates on the one hand and raised its revenue forecast on the other.

Opening a Gap

As the news of stronger results for the clothing mammoth paved their way to the newswires the stock has opened a wide Gap from its latest close. The stock price traded at 39.71$ when the session on Wall Street concluded  on the evening of the 6^th only to open its first trading session a day after with a Gap of almost 3$,  trading 7.28% higher before reaching to its climax of 43.24$ a share. When compared to its arch-rival Ralph Lauren, the Gap stock price has massively outperformed by more than 25% since 2011. Now as the trading session in Wall Street approaches the main focus will be the 43.5$ resistance. A successful break of the 43.5$ may according to some analyst open the gate for a much broader rally in the GAP stock lifting the stock to its all-time high of 46.56$ , 8.8% higher than its current price and perhaps even higher..

 

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