Abhoy Sarkar's Avatar
Abhoy Sarkar
published in Blogs
Oct 01, 2020
Gap (GPS, $17.81) to hire 10,000+ new workers to meet holiday season demand

Gap (GPS, $17.81) to hire 10,000+ new workers to meet holiday season demand

On Thursday, retail company Gap announced  plans to hire more than 10,000 new workers to help support its customer service for the holiday season.

“We know the holiday season will be different this year and are committed to helping our teams provide a safe and seamless shopping experience,” said Sheila Peters, head of People and Culture at Gap Inc.

The positions include packing, assembling, preparing orders for shipment, and working at customer contact centers. Customer contact workers can choose to work remotely, and fulfillment-center workers can select their working hours during the weekends, days, and nights.  Jobs are offered across six fulfillment locations and three customer-contact locations.

Gap served 3.5 million new customers through its online channels in the second quarter

The company  hired more than 50,000 employees in the first half of the year.

According to Tickeron, GPS's RSI Indicator leaves overbought zone

The 10-day RSI Indicator for GPS moved out of overbought territory on September 03, 2020. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 23 instances where the indicator moved out of the overbought zone. In 19 of the 23 cases the stock moved lower in the days that followed. This puts the odds of a move down at 83%.

Current price $17.85 crossed the resistance line at $17.62 and is trading between $17.92 support and $17.62 resistance lines. Throughout the month of 08/28/20 - 09/30/20, the price experienced a -3% Downtrend, while the week of 09/23/20 - 09/30/20 shows a +3% Uptrend.

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Indicator entered the overbought zone. Expect a price pull-back in the foreseeable future.

The Momentum Indicator moved below the 0 level on September 10, 2020. You may want to consider selling the stock, shorting the stock, or exploring put options on GPS as a result. In 63 of 88 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 72%.

The Moving Average Convergence Divergence Histogram (MACD) for GPS turned negative on September 09, 2020. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 51 similar instances when the indicator turned negative. In 38 of the 51 cases the stock turned lower in the days that followed. This puts the odds of success at 75%.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where Apple declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 67%.

GPS broke above its upper Bollinger Band on August 25, 2020. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The 50-day Moving Average for GPS moved above the 200-day moving average on August 26, 2020. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

The Aroon Indicator entered an Uptrend today. In 137 of 201 cases where GPS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 68%.

Fundamental Analysis (Ratings)

Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 70%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.56.

The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. GPS’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock worse than average.

The Tickeron SMR rating for this company is 87 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is 37 (best 1 - 100 worst), indicating steady price growth. GPS’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of 17 (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.83) is normal, around the industry mean (4.71). P/E Ratio (10.77) is within average values for comparable stocks, (50.37). Projected Growth (PEG Ratio) (1.13) is also within normal values, averaging (8.43). GPS has a moderately high Dividend Yield (5.57) as compared to the industry average of (2.35). P/S Ratio (0.36) is also within normal values, averaging (0.94).

The Tickeron PE Growth Rating for this company is 14 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

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Sergey Savastiouk
published in Blogs
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Alla Petriaieva
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published in Blogs
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