Jim Cramer Says “There’s a Lot of Value in Nike”

NKE -1.10% AAPL -0.42%

NIKE, Inc. (NYSE:NKE) is one of the stocks Jim Cramer discussed, along with recent market rotation. Cramer discussed the recent downgrade by a Needham analyst, as he remarked:

“Or take Nike. Oh boy, the stock of Nike. What had it been? [The house of pain]. This thing spiked when they canned the previous CEO and put in an old hand, Elliott Hill. He’s had to work fast with his Win Now initiative that includes returning the company to its roots as a sports-based business. Still, if you take a longer-term view, this stock has been a nightmare, okay? But late last month, three board members, including Hill and Tim Cook, yes, the CEO of Apple, bought a ton of stock, with Cook actually putting almost $3 million to work. Boy, talk about a hand over fistful of confidence.

Stock market charts. Photo by Kaboompics.com on Pexels

NIKE, Inc. (NYSE:NKE) is an athletic and casual footwear, apparel, equipment, and accessories company that sells its products under brands, including Nike, Jordan, and Converse.

While we acknowledge the potential of NKE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, 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.