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Gap Goes to China, Cramer Buys Back Into an Old Favorite

Gap shares are taking off this morning, after spending a year in doldrums. The company is boosting its forecast, and says China sales will hit $1 billion in three years. Both CBS and News Corp reported results yesterday--we break down the latest numbers, as well as what's ahead. And we await earnings from Bloomin' Brands, as well as Ralph Lauren--both companies are set to report before the open. Plus, Jim Cramer has a new stock he's buying... back into.