Jim Cramer on NIKE: “Elliot Hill is Making All the Right Moves”

NIKE, Inc. (NYSE:NKE) is one of the stocks on Jim Cramer’s radar. Answering a caller’s query about the company during the episode, Mad Money’s host remarked:

“I think Nike’s going to be a long-term turn. I think that there was a lot of damage done, and a lot of the competitors came in and really like On, and we know that New Balance got strong and HOKA got strong. So it’s going to, there’s more competition. It’s going to take a little longer than expected, but ultimately, I think that Elliot Hill is making all the right moves, and you will be fine.”

A team of trainers and athletes displaying a wide range of athletic and casual footwear.

NIKE (NYSE:NKE) designs and sells athletic footwear, apparel, equipment, and accessories under brands like NIKE, Converse, and Jordan. The company also provides licensed products, digital fitness platforms, and branded retail experiences. On July 2, Cramer mentioned the stock while discussing Vietnam tariffs, as he said:

“Today, we found out that the Vietnam tariff would only be 20%, not great, but certainly less than what Trump proposed on Liberation Day. We all knew that Nike moved a lot of stuff to Vietnam, and that was the easy story, hence why it shot up 4% today on top of a lot of other points since it reported.”

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