Nike Has a ‘Much Better Risk-Reward' Than the Market Believes, Jim Cramer Says

CNBC's Jim Cramer on Tuesday said that Nike stock is more investable than Wall Street might believe, even after a mixed quarter.

"I see something with much better risk-reward than it's getting credit for, and I would indeed start a position tomorrow if it were to go down from here," the"Mad Money" host said.stock is more investable than Wall Street might believe, even after a mixed quarter. "I'm not going to tell you this was a great quarter. … But, and this is a big but, I don't think the results were as bad as today's 7% decline [suggests]," the""I think the downside risk is baked into the stock, and any potential upside is absolutely not. That doesn't necessarily mean Nike's a screaming buy here.

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