Jim Cramer Is Watching Nike Quarterly Results on Thursday

TheStreet's Jim Cramer is keeping an eye on Nike (NKE) as the company is set to report its fiscal first quarter earnings results on Thursday after the market closes. Cramer says he's watching Nike because 'it's a Dow stock that reported an unbelievable quarter last [time], they have a huge business in China, Nike is one of those companies that told you the China consumer is doing well, this would be a welcome relief from a lot of people saying that things aren't so good in China.' Cramer says, 'Let's hear what Nike has to say, it is vital that Nike dispel some of the gloom that has really descended on the stock market.' Analysts polled by Reuters are expecting the athletic and sports apparel retailer to post earnings of $1.19 a share on revenue of $8.21 billion.