Jim Cramer Is Watching Nike’s Quarterly Earnings on Tuesday

TheStreet’s Jim Cramer is keeping a close eye on Nike’s (NKE) earnings, which are released after the closing bell on Tuesday. Analysts expect the athletic and sportswear giant to post fiscal 2016 second quarter earnings of $0.86 cents on sales of $7.8 billion. During the same quarter last year, the company reported earnings of $0.74 cents a share on revenue of almost $7.4 billion. ‘Nike has been one of the few stocks in the Dow [Jones Industrial Average] that’s been a leader, along with Starbucks (SBUX) and Home Depot (HD),’ Cramer said. Shares of Nike are up over 34 percent since start of the year, compared to the Dow’s 3.7 percent decline and the broad S&P 500’s 2.3 percent slump.