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Actionable news in GPS: THE GAP Inc,

June Sales Boost a Mirage; Gap's Dismal Second Quarter Signals It's a Stock to Avoid

Shares of apparel retailer The Gap (GPS) plummeted yesterday following Monday's release of dismal sales results for the second quarter. Not even an hour into trading, the stock's price had sunk by nearly 6.5%.

It finished Tuesday off nearly that much.

This is particularly depressing for the company and its investors because The Gap had expressed optimism last month about improved June sales. Gap bulls are crying now.

This year has been...