Jim Cramer: Buy Nike if It Goes Down

TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said Nike (NKE) - Get Report is a buy - at the right price. 'There's a lot of misinformation about Nike out there,' Cramer said, amid the stock's decline following its latest earnings report, released on Tuesday after the markets closed. 'If you can get the stock at $60 or $61, that would be a gift,' Cramer added. The stock currently trades near $62.25.

At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.