NIKE, Inc. (NYSE:NKE<\/b>) is among the stocks Jim Cramer reviewed while discussing the Iran ceasefire that triggered a relief rally<\/b>. A caller asked whether it was time to buy the stock and posited that \u201call the bad news is already baked in.\u201d Cramer replied:<\/p>\n No, okay, look, I own Nike for my Charitable Trust. It\u2019s been one of my bigger mistakes. I always talk about my mistakes because otherwise, you can\u2019t learn. I got too bullish. I felt that there could be a turn because the company was so poorly run previously, and that I think that Elliott Hill\u2019s doing a good job. But it\u2019s, the turnaround\u2019s not happening fast enough. And no, down 32%, but I don\u2019t think we\u2019re done yet. I don\u2019t, I\u2019m not, let\u2019s put it this way, I\u2019m not seeing any signs. When we get some signs, then we will make a decision. Right now, I\u2019m just saying I made a mistake, Nike.<\/p>\n<\/blockquote>\n Photo by AlphaTradeZone<\/p>\n 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.<\/p>\n 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<\/b>.<\/p>\n READ NEXT: <\/b>33 Stocks That Should Double in 3 Years<\/b> and <\/b>15 Stocks That Will Make You Rich in 10 Years<\/b>\u00a0<\/b><\/p>\n Disclosure: None. Follow Insider Monkey on Google News<\/b>.<\/b><\/p>\n<\/p><\/div>\n\n
<\/div>\n<\/div>\n<\/figure>\n