Move over Nike — Jim Cramer says Deckers and 3 others companies are 'taking share'

CNBC's Jim Cramer on Monday highlighted a group of shoe companies challenging Nike 's position in the market, following positive Wall Street research that pointed to multiple catalysts to propel the brands forward. Barclays on Monday initiated footwear coverage on Deckers Outdoor , On Holding , Crocs and Skechers USA all with a buy-equivalent rating.

mountain Deckers Outdoor share performance over the past 12 months. Meanwhile, shares of Switzerland-based On Holding are up about 12% over the past year. The footwear and athletic apparel maker, which counts tennis icon Roger Federer among its backers, went public in 2021. While Barclays said its survey data suggests Nike is still seen as a "cool" brand and is top of mind in sport, analysts still see "significant runway" for Deckers' Hoka and On, in particular.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jim Cramer’s guide to investing: How did Cramer become interested in the market?CNBC's Jim Cramer explains what drew him to the stock market as a kid.
Source: CNBC - 🏆 12. / 72 Read more »

Jim Cramer's top 10 things to watch in the stock market MondayStock futures were slightly lower to kick off the last week of March and the first quarter.
Source: CNBC - 🏆 12. / 72 Read more »