Jim Cramer Says He Likes "DICK'S Sporting Goods After They Cut Margins"

DICK’S Sporting Goods, Inc. (NYSE:DKS) is one of the stocks Jim Cramer discussed, along with the need for diversification. Cramer was bullish on the stock after the company’s recent strategic moves, as he remarked:

“I like DICK’S Sporting Goods after they cut margins, removed all the rest of that bad inventory from Footlocker, which they bought earlier in the year.”

DICK’S Sporting Goods, Inc. (NYSE:DKS) sells sporting goods, fitness equipment, apparel, footwear, and similar accessories. Cramer showed a positive sentiment toward the company’s acquisition of Foot Locker during the November 21 episode, as he stated:

“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.”

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