Jim Cramer Reveals What’s Next After Tariffs & Discusses These 10 Stocks

4. NIKE, Inc. (NYSE:NKE)

Number of Hedge Fund Holders In Q4 2024: 73

NIKE, Inc. (NYSE:NKE) was one of the worst-hit stocks during Thursday’s selloff. Its shares sank by 14% during trading primarily on the back of the firm’s China exposure. NIKE, Inc. (NYSE:NKE) has struggled due to non-tariff-related headwinds as well, as the firm is currently on a turnaround effort led by its new CEO. In his previous remarks, Cramer commented that NIKE, Inc. (NYSE:NKE) needs to underline how it aims to take on rivals to regain market share:

“I see Nike go down a lot. And I just want people to know that there’s really, this is another one you can run but you can’t hide on 90% Vietnam. And Vietnam is again, when people say, as Flexport said. . .that’s the bomb. People move to Vietnam and that’s the bomb. I know that Deckers is hurt. . .”