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Cramer Quick Take: Run With Nike

Tickers in this article: NKE
Check out Jim Cramer's latest trading recommendations on "Action Alerts Plus".

NEW YORK (TheStreet) -- It looks like Nike has got its mojo back, Jim Cramer told Debra Borchardt at Friday.

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 , Cramer said he sees Nike slowly marching higher.

"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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