Wall Street has really soured on the retail sector leading up to second quarter earnings reports expected later this month. That is except for shares of one long-time whipping boy. Struggling apparel retailer Gap (GPS) has seen its stock price skyrocket about 19% over the last month versus a 4% gain for the S&P 500. Investors seem to have latched onto the view that Gap’s better-than-expected June sales performance was the start of a long-hyped turnaround. Same-store sales for June rose 2% compared with Wall Street estimates for a 3.6% drop. While it’s certainly wonderful to see beleaguered Gap beat a Wall Street sales forecast for at least once during the post-Great Recession macroeconomic recovery, investors may be way too bullish on the apparel retailer for two reasons. Read more at The Street.