Jim Cramer Calls NIKE “The Most Controversial Stock of the Week”

NIKE, Inc. (NYSE:NKE) was among the stocks Jim Cramer highlighted, along with his latest game plan as the oil-shock-driven sell-off continues. Cramer called it the “most controversial stock of the week,” as he remarked:

Tuesday is a day of challenged companies… After the close, we have the most controversial stock of the week, Nike. Now, we own this stock for the Charitable Trust, and we’re nervous, and that’s exactly what I said in today’s monthly CNBC investing call. There’s no line of sight for Nike to return to greatness, at least not yet. China has proven to be intractable. The competition’s become fevered, and the inventory from the old regime somehow still seems to be dogging the company. It needs to be gotten rid of. If there’s still some left, I will be very disappointed. Meanwhile, we need to see some, we gotta see some innovation here, some new products that we’re stunned by, that we can’t live without almost instantly. We need some green shoots of return in the U.S. that are at least strong enough to make us feel like we’re dealing with the Nike of old, back when the stock was a winner. Now it’s a loser, and it’s hurting my Charitable Trust. Enough said.

Photo by AlphaTradeZone

NIKE, Inc. (NYSE:NKE) is an athletic and casual footwear, apparel, equipment, and accessories company that sells its products under brands, including Nike, Jordan, and Converse.

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