8 Stocks on Jim Cramer’s Radar

6. NIKE, Inc. (NYSE:NKE)

Number of Hedge Fund Holdings: 89

NIKE, Inc. (NYSE:NKE)’s turnaround has been a frequent feature of Cramer’s discussion in 2025. While the shares 20% year-to-date and were down by 11% ahead of last week’s fall, the CNBC TV host has continued to express optimism about the firm’s turnaround under CEO Elliott Hill. After NIKE, Inc. (NYSE:NKE)’s second fiscal quarter earnings release on December 18th, multiple analysts came out with reports for the firm. For instance, Truist cut the share price target to $70 from $85 on December 19th as it kept a Buy rating on the shares. The firm explained that while NIKE, Inc. (NYSE:NKE) was experiencing headwinds in China, the firm’s wholesale operations in North America and retail partner expansions were doing well. BTIG cited optimism in Hill on the 19th as well, after reiterating a Buy rating and a $100 share price target. Cramer discussed NIKE, Inc. (NYSE:NKE)’s China problems and shared insights about what the shares might need to perform well:

“Remember the turns that we need, the Nike turn, the Starbucks turn, the FedEx not kind of minor turn. I think all three of them, Nike has too much inventory still. . .

“I think that he’s worried about, Elliott Hill’s worried about China, he doesn’t have any clarity on China, if he had more clarity on China and he had more innovation which is what I’m counting on. It’s the two Is here, innovation, they need more innovation, and inventory, they need less. If you can get the two Is going, the stock goes to a hundred rather quickly. I think the stock gets three downside and 20 upside.”