Eddie Lampert is bullish on Gap - takes a 5.8% stake

The hedge fund of billionaire investor Eddie Lampert has taken a 5.8% stake in Gap (GPS) - it has been announced this week - which operates the Old Navy and Banana Republic retail chains and websites, as well as the Gap.

Citigroup Global Markets upgraded shares of Gap to Hold from Sell today and raised its price target to $25.

Edward Lampert is the chairman of Sears Holding Corp.

Carlos Slim Fattens up on Stocks

Mexican billionaire Carlos Slim has purchased shares in both Citigroup and Saks recently.