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Cramer said that while investors worried about everything from gross margins to future orders to growth in China, the company had positive news on all fronts during its conference call.
Cramer said the key metric for Nike has always been future orders, which were up 7% for the quarter. That makes Nike a stock that will go up when the markets go up, but not go down a lot when the markets fall. Like McDonald's (MCD), Cramer said he sees Nike slowly marching higher."This is the turnaround quarter we've been waiting for," Cramer concluded. To sign up for Jim Cramer's free Booyah! newsletter, with all of his latest articles and videos, please click here. -- Written by Scott Rutt in Washington. To email Scott about this article, click here: Scott Rutt Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC