We recently published 12 Stocks Jim Cramer Mentioned In An Episode Where He Briefly Commented On Data Centers. NIKE, Inc. (NYSE:NKE) is one of the stocks Jim Cramer recently discussed.
Jim Cramer discussed NIKE, Inc. (NYSE:NKE) after the firm’s latest quarterly earnings report. The results saw its fiscal first quarter revenue of $11.72 billion and earnings per share of $0.49 beat analyst estimates of $11 billion and $0.27. Cramer commented on the earnings call and NIKE, Inc. (NYSE:NKE)’s CEO, and its China business:
“[On shares higher in quarterly beat and firm saying it expects tariff costs to reach $1.5 billion] China down almost 10%. I thought that this was a, this conference call was a orchestration. It was kind of like what we used to get Mark Parker, the great former CEO. I thought that this was one of the best most encouraging conference calls of the year. Elliott Hill does, I want everyone to read it, because he has this great arc in it, David. . .he talked about the British win in women’s global football. And the national pride of the Lionesses, Lucy Bronze playing with a fractured tibia in this, I’m saying this because this man is a person who understands sports. And this is about sports. And I think this is a wonderful, wonderful conference call. I think the stock goes to a 100. And that’s why the charitable trust’s been buying the heck out of it.”
Jim Cramer Says His Trust Is Buying NIKE (NKE) Stock
Copyright: 123mn / 123RF Stock Photo
“Well I know that, people feel ONON’s come down’s a little, ONON’s like, that’s a nice competitor. . .but I just think that this move, to bring back the affiliates, this Foot Locker-DICK’S, the relation he has with wholesalers is great. There’s still some inventory in the channel. No doubt about that. I am worried about China. But Elliott Hill, gamer, if he were here. . .he would just be schooling us.”
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