"We've Been Buying" NIKE (NIKE), Says Jim Cramer

We recently published Jim Cramer’s 12 Fresh Stocks & Quantum Computing Trading Strategy. NIKE, Inc. (NYSE:NKE) is one of the stocks Jim Cramer recently discussed.

After Cramer discussed Deckers, the conversation shifted to NIKE, Inc. (NYSE:NKE). The firm is currently in the middle of a turnaround led by CEO Elliott Hill. Cramer has regularly discussed Hill and believes that he is the right executive for the job. In his previous comments about NIKE, Inc. (NYSE:NKE), the CNBC TV host has commented that Hill needs to “reinvent the entire business.” Additionally, Cramer also believes that the firm has to revitalize its distribution network and remove any concerns about excess inventory. This time, he shared that his trust has been buying NIKE, Inc. (NYSE:NKE) and continued to have faith in Elliott Hill:

“[On him being constructive] I am and we’ve been buying. That’s because of Elliott, I think that he’s doing a terrific job but people keep saying that there’s still too much inventory in the system. I think he’ll surprise. And that there won’t be and that this is the last quarter, you gotta buy Nike right here. . . .I’m with them, not against them. I think that they are great operators with a terrific outlook for 2026.”

While we acknowledge the potential of NKE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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