TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer said the bears will try to knock down shares of Children's Place
(PLCE) - Get Report by focusing on gross margins.
But the company posted a 13.2% rise on comparable store sales for its most recent quarter.
"When you get a double-digit comp number, it's very heard to keep [the stock] down," Cramer noted.
(HD) - Get Report shares went down immediately after the company reported earnings last week and the stock is now 9 points above that level.
"It turned out to be an amazing buying opportunity," Cramer noted.