Jim Cramer Says “There’s a Lot of Value in Nike”

NIKE, Inc. (NYSE:NKE) is one of the stocks Jim Cramer discussed, along with recent market rotation. Cramer discussed the recent downgrade by a Needham analyst, as he remarked: “Or take Nike. Oh boy, the stock of Nike. What had it been? [The house of pain]. This thing spiked when they canned the previous CEO and put in an old hand, Elliott Hill. He’s had to work fast with his Win Now initiative that includes returning the company to its roots as a sports-based business. Still, if you take a longer-term vie ...