DICK’S Sporting Goods, Inc. (DKS) “Is Going To Be Good,” Says Jim Cramer

We recently published 10 Stocks Jim Cramer Discussed As He Talked About President Trump & Trillionaires. DICK’S Sporting Goods, Inc. (NYSE:DKS) is one of the stocks Jim Cramer recently discussed.

DICK’S Sporting Goods, Inc. (NYSE:DKS)’s shares have lost 2.4% year-to-date. The firm has had a busy year as it is acquiring Foot Locker to expand its presence in the retail industry. Cramer’s previous comments about DICK’S Sporting Goods, Inc. (NYSE:DKS) lamented not recommending buying the shares when the deal was announced. He also believes that Nike will play a key role in the deal due to Foot Locker’s partnership with the firm. Cramer has used DICK’S Sporting Goods, Inc. (NYSE:DKS) as an example of how investor sentiment can fluctuate following a deal’s announcement. Given how he frequently discusses the firm as part of his comments about Nike, it was unsurprising that Cramer mentioned DICK’S Sporting Goods, Inc. (NYSE:DKS) as brought up the shoe company:

“]I’m going to make a bold call here. I have not really cared for the stock of Nike for a very long time. That’s over. . . .I think the Foot Locker deal is good, with DICK’S. They’ve got a lot of, you know DICK’S is going to be good.”

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In his morning appearance on September 9th, Cramer discussed how sentiment surrounding DICK’S Sporting Goods, Inc. (NYSE:DKS)’s Foot Locker deal has evolved:

“When DICK’S decided to buy Foot Locker it was wildly perceived to be one of the dumbest things ever. The stock broke down. People saying what do they know. How can that stack, how can Lauren Hobart do that. Mary Dillon really pulled the wool over. 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, but Citi says it’s going to go to 280 and it’s a reminder that when you see a takeover. . don’t immediately presume that the buyer’s an idiot.”

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Disclosure: None. This article is originally published at Insider Monkey.