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Stock impact report

What Cramer says Nike must do to accelerate its turnaround and boost its stock [MSNBC.com]

Nike, Inc. (NKE) 
Last nike, inc. earnings: 3/24 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.nike.com/home/default.aspx
Company Research Source: MSNBC.com
Nike 's mission to reclaim its glory in 2026 is clear. But the pathway forward won't be easy. With earnings out Thursday evening, the famed apparel giant's "Win Now" initiative under CEO Elliott Hill has certainly been winning over Wall Street analysts. Hill's strategy includes sports-centered stores and a revival of wholesaler relationships. To keep investors in its corner, Nike still has to show and prove it, with continued signs of progress. A little more than two-thirds of analysts covering Nike have buy-equivalent ratings on the stock. During Wednesday's Morning Meeting for Club members, Jim Cramer said, "Hill is doing what's necessary. Nike is a little like Starbucks ; we don't know when they're going to turn. But they are going to turn." With Hill just over a year into his tenure, Jim has repeatedly said it is too soon to expect a fix. "[Nike] has to start innovating, and I think they will. And, they gotta get rid of the inventory. I think they will," Jim predicted. For those r Show less Read more
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