Jim Cramer Highlights Nike Struggles

NIKE, Inc. (NYSE:NKE) is one of the tech and consumer sector stocks that Jim Cramer talked about. Cramer mentioned the stock while discussing consumer trends, as he said: “If the Fed cuts rates, the consumer should spend even more, hence why so many consumer stocks have been roaring since last week’s Fed meeting. Of course, you got to ask yourself if the move is sustainable. I don’t know. Tonight, Nike looks terrible, but that could be, a lot of that is China. I think that the trend of lower prices, thoug ...