On today’s Wall Street Confidential video , Jim Cramer says he’s sticking with Nike (NKE). If you look at Foot Locker (FL) you’d get the wrong idea because they are missing the mark. Nike is actually a way to play China, and this is a great growth stock that hasn’t seen its stock advance that much. Cramer also addresses how Under Armour (UA) has been coming after them, but the near-term for Nike is better than expected and he thinks it should be at $60.00. Shares are up 2% at $54.30 on last look.
Jon C. Ogg
May 21, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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