Cramer: Buy Nike's pullback because the company will over deliver [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
Cramer: Buy Nike's pullback because the company will over deliver CNBC's Jim Cramer The stock plummeted 6.6 percent on Friday after Nike reported weaker-than-expected sales growth in North America, but Cramer said he likes where the company is positioned. Despite the blip in overall sales, he noted footwear saw a 9 percent increase in North America, while footwear and apparel sales grew 20 percent in China. "Nike only pulled back on Friday because its stock had run up dramatically going into the quarter," the " Mad Money" Cramer said the stock increased dramatically after getting slammed with the rest of the market during the fourth-quarter sell-off. Nike touched a low of about $66 in December then ran up 33 percent, peaking at about $88 last week, he said. "While Nike's stock ran like a champion earlier this year, the rally happened on no real news," he said. "The stock never should've been down so much in the fourth quarter, so it kept levitating and levitating and levitating, as an
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