Instead of being beholden to the trade war, 'Nike's actually the most in control of its own destiny,' Jim Cramer says.
"Thanks to the trade war, we know that, in theory, this should be the worst possible moment to sell iconic American brands into the People's Republic," theThe comments came after the sports apparel company's stock broke through the $90 mark after delivering top- and bottom-line beats in its fiscal first quarter report. Nike was implicated in tariffs on Chinese goods as it both makes and sells items into the country.
Nike is the "brand of China for China and the results continue to prove it out," Parker said, according to the transcript. "We've driven double-digit growth in Greater China every quarter for more than five years."
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jim Cramer on the impact of impeachment on the market: 'We've seen this movie before''I say there's no hurry to start buying here, although … history says that you're going to have to try to pull the trigger soon, rather than be left behind,' CNBC's Jim Cramer says.
Read more »
Jim Cramer says Netflix 'has become an open sore to this market'The once-beloved Netflix is now negative for the year as investors start to question some of the high-flying leaders of this bull market.
Read more »
Apeel Sciences CEO tells Jim Cramer how they save your fruit while saving grocery stores money'We use food to preserve food,' says Apeel Sciences CEO James Rogers, whose company has partnered with Kroger to sell avocados that age at a slower rate.
Read more »
Disney CEO Bob Iger tells Jim Cramer why he had second thoughts on a Twitter deal — 'I got cold feet for the right reasons''There are things Disney shouldn't even try to do well and that was one of them,' Disney CEO Bob Iger says.
Read more »
Everything Jim Cramer said about the stock market on 'Mad Money,' including Trump impeachment and Bob Iger chatJim Cramer reacts to House Speaker Nancy Pelosi's move to open an impeachment inquiry into President Donald Trump, talks with Disney CEO about his new memoir and interviews GW Pharma CEO.
Read more »