Jim Cramer Says “DICK’S Could Be Insanely Good Because It Bought Foot Locker”

DICK’S Sporting Goods, Inc. (NYSE:DKS) is one of the stocks on Jim Cramer’s game plan for the week. Cramer showed optimism while discussing the company during the episode, as he commented:

“We have a slew of important earnings on Tuesday from a host of industries. In the morning, for example, we get results from Kohl’s, Best Buy, and DICK’S Sporting Goods. What am I hearing?… That DICK’S could be insanely good because it bought Foot Locker low and now’s the right Nikes to go with the New Balance, the Hoka, and the ON. That’s the right lineup.”

Photo by Yiorgos Ntrahas on Unsplash

DICK’S Sporting Goods, Inc. (NYSE:DKS) sells sporting goods, fitness equipment, apparel, footwear, and similar accessories. A caller inquired about the stock during the July 28 episode and Cramer replied:

“Oh, okay. Look, here’s… [why] I didn’t try hard enough. When DICK’s bought Foot Locker, I should have just said, buy, buy, buy. Instead, it’s all the way back. It’s kind of like the two that I’ve been most regretting that I didn’t pound the table, Dell enough, and I didn’t pound the table DICK’s enough. DICK’s is still good. They obviously knew what they were doing when they bought Foot Locker. Great relationship by the way now with Nike.”

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