Cramer Quick Take: Run With Nike
NEW YORK (TheStreet) -- It looks like Nike
Cramer said that while investors worried about everything from gross margins to future orders to growth in China, the company had positive news on all fronts during its conference call.
Cramer said the key metric for Nike has always been future orders, which were up 7% for the quarter. That makes Nike a stock that will go up when the markets go up, but not go down a lot when the markets fall. Like McDonald's
"This is the turnaround quarter we've been waiting for," Cramer concluded.
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-- Written by Scott Rutt in Washington.
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