Check out Jim Cramer's latest trading recommendations on "Action Alerts Plus".


NEW YORK ( TheStreet) -- Retail sales may not yet be out of the woods, but Jim Cramer told Debra Borchardt at TheStreet.com Thursday that he'd be a buyer of Gap Stores ( GPS) after the company both reported earnings and announced the acquisition of Intermix, a high-end retailer.

Cramer said Gap remains a well-run company and investors shouldn't be concerned the stock didn't immediately pop on the news. He said unlike a lot of retailers, there aren't a lot of investors shorting Gap, which makes for a more stable stock price.

Cramer said he likes that Gap will now have multiple brands under one roof, as Urban Outfitters ( URBN) does, and would use any weakness in the stock to start a position.

To sign up for Jim Cramer's free Booyah! newsletter, with all of his latest articles and videos, please click here.

-- Written by Scott Rutt in Washington.

To email Scott about this article, click here: Scott Rutt

Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC

More from Opinion

Tesla's $45,000 Model 3 Is a Half-Measure Meant to Protect Margins

Tesla's $45,000 Model 3 Is a Half-Measure Meant to Protect Margins

Flashback Friday: Happy Anniversary, Black Monday

Flashback Friday: Happy Anniversary, Black Monday

Vanguard Founder John Bogle Reflected on Black Monday: Rewind

Vanguard Founder John Bogle Reflected on Black Monday: Rewind

What You Need to Know About Black Monday 31 Years Later

What You Need to Know About Black Monday 31 Years Later

Taiwan Semi's Sales Outlook: Good News for Apple, Mixed Bag for Others

Taiwan Semi's Sales Outlook: Good News for Apple, Mixed Bag for Others