“We’ve Been Buying” NIKE (NIKE), Says Jim Cramer

Core Insights - NIKE, Inc. (NYSE:NKE) is undergoing a turnaround under CEO Elliott Hill, who is viewed positively by Jim Cramer [2][4] - Cramer emphasizes the need for NIKE to reinvent its business and address excess inventory concerns [2][4] - Cramer has been purchasing NIKE shares, expressing confidence in the company's future performance, particularly looking towards 2026 [4] Company Strategy - The current strategy involves revitalizing the distribution network and managing inventory levels effectively [2][4] - Cramer believes that the current quarter may mark a turning point for NIKE, suggesting it is a good time to invest [4] Market Position - Despite the potential of NIKE as an investment, there is a belief that certain AI stocks may offer higher returns with lower risk [4]