One disturbing Dow Jones Industrial Average stock? How about Nike (NKE - Get Report) . Shares gapped lower Tuesday morning, falling more than 2.5% shortly after the open. The stock has since rebound, but is still down more than 1%.
Shares are actually up 4% on the year, but are down 7.4% over the past 12 months. Since December 2015, Nike shares are down more than 20%. This stock has not been much help to the Dow, TheStreet's Jim Cramer, manager of the Action Alerts PLUS portfolio, said on CNBC's "Stop Trading" segment.
Given the underperformance, it seems like Nike could surprise investors with a rally, Cramer said. But there's no sign of one to come and it has become a tough stock to get a read on.
Nike's underperformance has become rather amazing, he reasoned, because Nike does not disappoint for long, but it's been several quarters in a row where this one has been a dog.