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.

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Stocks Making the Biggest Moves in the Premarket: Nike, Spirit Airlines, Occidental Petroleum and MoreThe stocks making the biggest moves in premarket trading include Nike, Spirit Airlines, Occidental Petroleum, and more.
Source: NBCDFW - 🏆 288. / 63 Read more »

Nike earnings, final 1Q GDP, Shopify stock split top week aheadFOX Business takes a look at the upcoming events that are likely to move financial markets in the coming days.
Source: FoxNews - 🏆 9. / 87 Read more »

Nike Stock Earnings Preview: NKE rise 1% in premarket ahead of Q1 earningsNike stock has advanced 1% in Monday's premarket in a sign that investors are expecting another earnings beat for the fiscal fourth quarter, which end
Source: FXStreetNews - 🏆 14. / 72 Read more »