14 Latest Stocks on Jim Cramer’s Radar

3. NIKE, Inc. (NYSE:NKE)

Number of Hedge Fund Holders In Q2 2025: 81

NIKE, Inc. (NYSE:NKE)’s shares are flat year-to-date but benefited tremendously from an earnings report in June. The stock rose by 15% after the report saw its $11.10 billion in revenue and $0.14 in EPS beat analyst estimates. Cramer’s previous comments about NIKE, Inc. (NYSE:NKE) have wondered whether the underperformance in the retail sector, and particularly in On Holdings’ shares, could mean that the ongoing turnaround at the firm is struggling. This time he discussed NIKE, Inc. (NYSE:NKE) in the context of DICK’S acquiring Foot Locker:

“Well now, people are saying that you know what, they have the critical mass to be able to, have some buying power. Like maybe they can even go to Nike and say look, this is what we want. Now, I think that Nike’s more of a partner with DICK’S sports. . .”

Here is how Cramer linked the performance between NIKE, Inc. (NYSE:NKE) and On Holdings:

“A lot of the apparel stocks are down off of Tapestry. I’ve got to tell you, I mean Ralph Lauren is too. But the one that I’ve been watching is On Holding. I thought On Holding had a good quarter. I’ve been either disabused of that notion or perhaps I’ve been too bullish about these guys. If ONON is not doing as well, then you have to start thinking about Nike again. Now I think Nike, Elliot Hill, clearly doing a fantastic job. I was hoping they’d take out more costs, because everybody needs to take out more costs, but as these others go down, I have to wonder whether Nike isn’t really back.”