Diamond Foods' Nutty Earnings, Nike Numbers, Jim Cramer's Material Pick

Diamond Foods is expected to report earnings today, and analysts are increasing their targets for the company, despite a recent miss, and a flat share price for 2014.
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For Thursday, earnings season is bound to get a little nutty: Diamond Foods is expected to report earnings today, and analysts are increasing their targets for the company, despite a recent miss, and a flat share price for 2014. Plus, after its contract slugfest to keep Kevin Durant on its brand, Nike is expected to report earnings today as well - and it's one of Jim Cramer's picks, to boot -- analysts have only slightly increased expectations from last year -- as the company hasn't kept pace with the S&P 500. Finally, Jim Cramer's pick in the materials space is one he's reloaded on, with more buys.