Jim Cramer Put These 8 Stocks Under the Microscope

3. NIKE, Inc. (NYSE:NKE)

Number of Hedge Fund Holders: 73

A caller expressed concern over NIKE, Inc. (NYSE:NKE) releasing low-quality products, and in response, Cramer said:

“Let me tell you how I feel about it. I think that Mr. Hill is doing exactly as you say. I also think that the stock looks very expensive, but maybe they’re going to have an earnings acceleration. If I owned Nike, I would certainly hold it. If the stock would’ve dropped back even to the, to the low $70s, I myself might pick some up for my Charitable Trust so I think that Elliot Hill is making it work. I think he’s doing a good job now.”

NIKE (NYSE:NKE) creates, manufactures, promotes, and sells athletic footwear, clothing, equipment, accessories, and services, including gear designed for various sports. In December 2024, Cramer remarked, “Yeah, but you know people always want to get the jump on that thing, look I don’t think Nike’s anywhere near where it has to be… Jordan’s not selling. People don’t want to talk about that.”