Nike Has a ‘Much Better Risk-Reward' Than the Market Believes, Jim Cramer Says

6/29/2022 1:56:00 AM

Nike Has a ‘Much Better Risk-Reward' Than the Market Believes, Jim Cramer Says

Business

Nike Has a ‘Much Better Risk-Reward' Than the Market Believes, Jim Cramer Says

“I would indeed start a position tomorrow if it were to go down from here,” the “Mad Money” host said.

Published 6 mins agoValentyn Ogirenko | ReutersCNBC's Jim Cramer on Tuesday said that Nike stock is more investable than Wall Street might believe, even after a mixed quarter."I see something with much better risk-reward than it's getting credit for, and I would indeed start a position tomorrow if it were to go down from here," the"Mad Money" host said.

CNBC's Jim Cramer on Tuesday said thatNikestock is more investable than Wall Street might believe, even after a mixed quarter."I'm not going to tell you this was a great quarter. … But, and this is a big but, I don't think the results were as bad as today's 7% decline [suggests]," the"

Read more:
NBC Chicago »

America This Morning

ABC News Live Video Read more >>

Nike stock dives as Wall Street jeers margin outlook rather than cheering profit and revenue beatsShares of Nike took a tumble Tuesday toward a two-year low after multiple Wall Street analysts cut their price targets, as the sporting apparel giant’s disappointing gross margin guidance offset fiscal fourth-quarter profit and revenue beats.

Stocks Making the Biggest Moves in the Premarket: Nike, Spirit Airlines, Occidental Petroleum and MoreThe stocks making the biggest moves in premarket trading include Nike, Spirit Airlines, Occidental Petroleum, and more.

Nike, Alaska Airlines, Dick's Sporting Goods and others covering travel costs for abortionsA growing number of companies announced they will cover travel expenses for employees who seek out-of-state abortions now that Roe v. Wade has been overturned. Of course they are. Could they fly in some baby formula while they're at it? You don't have to take a trip with these!

Nike earnings, final 1Q GDP, Shopify stock split top week aheadFOX Business takes a look at the upcoming events that are likely to move financial markets in the coming days.

Nike Stock Earnings Preview: NKE rise 1% in premarket ahead of Q1 earningsNike stock has advanced 1% in Monday's premarket in a sign that investors are expecting another earnings beat for the fiscal fourth quarter, which end

20 Nike execs who started their own businesses. Here's where they are nowThese 20 former Nike execs started their own businesses. Here's where they are now — and what insiders say it means for Nike's future and its entrepreneurial spirit.

By Krystal Hur, CNBC Published 6 mins ago Valentyn Ogirenko | Reuters CNBC's Jim Cramer on Tuesday said that Nike stock is more investable than Wall Street might believe, even after a mixed quarter.Shares of Nike Inc.sweetening its own bid , adding a monthly pre-payment of 10 cents per share between January 2023 and the deal's close, as well as a $50 million breakup fee increase to $400 million and a $2.Rite Aid CEO on Roe v.

"I see something with much better risk-reward than it's getting credit for, and I would indeed start a position tomorrow if it were to go down from here," the"Mad Money" host said. CNBC's Jim Cramer on Tuesday said that Nike stock is more investable than Wall Street might believe, even after a mixed quarter. The stock NKE, -6. "I'm not going to tell you this was a great quarter.7%, while JetBlue edged lower by 0. … But, and this is a big but, I don't think the results were as bad as today's 7% decline [suggests]," the" Mad Money " host said.94, or 5."The long-term story remains intact," he continued. The move is expected to lead to abortion bans in roughly half the states.

"I think the downside risk is baked into the stock, and any potential upside is absolutely not.35% decliners, and to put it on track for the lowest close since Aug. Download NBC 5 Dallas-Fort Worth for. That doesn't necessarily mean Nike's a screaming buy here. But I see something with much better risk-reward than it's getting credit for, and I would indeed start a position tomorrow if it were to go down from here," he added. The stock’s price decline cut about 39 points off the Dow’s price, while the Dow fell 195 points, or 0. Illinois' primary Election Day is June 28. Get the NBC Chicago app for . Of the 31 analysts surveyed by FactSet, no less than 14 lowered their price targets. 737-9 aircraft during a Boeing Co.