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

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“I would indeed start a position tomorrow if it were to go down from here,” the “Mad Money” host said.

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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