“I Think DICK’S (DKS) is Good,” Said Jim Cramer Ahead of Earnings

We recently published Jim Cramer Discussed These 11 Stocks & Commented On A Market Reversal. DICK’S Sporting Goods, Inc. (NYSE:DKS) is one of the stocks Jim Cramer discussed.

Cramer has frequently discussed DICK’S Sporting Goods, Inc. (NYSE:DKS) in the context of its acquisition of footwear and apparel retailer Foot Locker. He is very excited about the deal and lamented in July that he should have just pounded the table with buy after the deal. The reason Cramer is optimistic about DICK’S Sporting Goods, Inc. (NYSE:DKS)’s acquisition is because of Nike’s turnaround being led by CEO Elliott Hill. Cramer is quite optimistic about Hill’s profile and his efforts, and he believes a revitalized Nike could benefit the firm. In this appearance, he briefly commented on DICK’S Sporting Goods, Inc. (NYSE:DKS):

“I think DICK’S is good”

Pixabay/Public Domain

While Cramer is optimistic about DICK’S Sporting Goods, Inc. (NYSE:DKS)’s Foot Locker acquisition, the market wasn’t at the time of the deal’s announcement. The CNBC TV host described the prevailing sentiment at the time in his Mad Money appearance on May 23rd:

“Wednesday morning, well, let’s see, we got two retailers, DICK’S Sporting Goods with a stock that’s been crushed and it’s announced its plan to buy Foot Locker last week. . .It is imperative that DICK’S explains its rationale for the Foot Locker deal. Maybe the stock can get some footing, but right now, people think this deal is a game changer in a real bad way for DICK’S. I don’t know what they can say to change that, but I’ll tell you, the stock has just been eviscerated.”

While we acknowledge the potential of DKS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

[/im-yf-promo]

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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