First Solar (NASDAQ:FSLR) was listed on Off the Charts Tuesday night as it poked its head into the earnings gap, and we got continuation to the upside yesterday.
We believe that the increased consumer spending during the holiday season discussed above can result in an upside to our current forecasts for revenue per square foot for Gap and Old Navy stores.
However, as we wait for the December sales results for Gap, we believe the strong performance year to date for Gap coupled with strong consumer spending trends during the holiday season can provide an upside to our forecasts.
The presence in the emerging markets will help Gap tap into the increasing disposable income of the growing middle class in these countries, lending a significant upside to its revenues.