Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Jim Cramer Says Nike Inc (NKE) Is A Model Of Success Under Currency Headwinds

Nike Inc (NYSE:NKE) has reported a strong quarter earnings which impressed many investors even though the company did not meet the street consensus or its own guidance. Many investors were impressed with the fact that Nike Inc (NYSE:NKE) handled the strong dollar very well and reported strong earnings in the quarter. CNBC’s Jim Cramer was most impressed with Nike Inc (NYSE:NKE) and talked some good about the company on CNBC. A CNBC article discusses on what Jim Cramer said about Nike Inc (NYSE:NKE).


“After its earnings conference call was done, you felt so great about Nike that you could overlook any weakness and embrace any strength. In fact, the essence of this call was: ‘We compete, we win; you figure out the currency,” Cramer was quoted as saying about Nike Inc (NYSE:NKE).

A global company like Nike Inc (NYSE:NKE) will always face currency issues and for trading in US, the company had to handle a strong dollar headwind in the last quarter. Cramer thinks that Nike Inc (NYSE:NKE) acted as a champ in reacting to this currency issues and reported strong earnings. He feels that every other company should take a note from Nike Inc (NYSE:NKE) on how to handle currency headwinds.

Cramer said that Nike Inc (NYSE:NKE) focused on their strength instead of moaning over the currency issues like many other companies.

Cramer said that the most positive thing about Nike Inc (NYSE:NKE) was that they never focused or used strong dollar as a reason to explain to investors and they also evaded the options of shifting areas to deal with currency issues. Cramer feels that the confidence from Nike Inc (NYSE:NKE) has impressed many investors.

He pointed out that Oracle also followed similar strategy and was successful. But IBM kept repeating the currency issues as reason behind hampered growth in US, which many investors did not like.

Disclosure: None

I just made 84% in 4 daysI Just Made 84% in 4 Days By Blindly Following This Hedge Fund

I just made 84% in 4 days by blindly imitating a hedge fund’s stock pick. I will tell you how I pulled such a huge return in such a short time but let me first explain in this FREE REPORT why following hedge funds’ stock picks is one of the smartest things you can do as an investor. We launched our quarterly newsletter 2.5 years ago and not one subscriber has, since, said “I lost money by EXACTLY following your stock picks”. The reason is simple. You can beat index funds by creating a DREAM TEAM of hedge fund managers and investing in only their best ideas. I just made 84% in 4 days by blindly imitating one of these best ideas. CLICK HERE NOW for all the details.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.