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Rewind: Jim Cramer Breaks Down Nike, Constellation and Trade Talks

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The week is almost over...

Jim Cramer weighed in on the trade talks and the soft market response, Nike (NKE) - Get NIKE, Inc. Class B Report pulling its July 4th shoe off of the shelves in response to criticism from Colin Kaepernick and Constellation's (STZ) - Get Constellation Brands, Inc. Class A Report price target increases.

Let's Talk Trade

Donald Trump said on Monday that the trade talks with China were "essentially" back on track. But he followed up to say that, in order for a deal, the trade talks need to be "somewhat tilted" in the U.S.'s favor.

And, in case you missed it, the U.S. Trade Representative's office has proposed to increase tariffs by $4 billion to $25 billion.

Bye-Bye Betsy?

Nike pulled its July 4th shoes off of the racks Tuesday after it faced criticism from Colin Kaepernick, among others. 

The shoes were inspired by Betsy Ross's original American flag. 

According to the Wall Street Journal, Kaepernick reached out to Nike officials after seeing the shoes and said that he and others felt that Ross flag was an offensive symbol because of its connection to an era of slavery.

RealMoney Stock of the Day: Constellation

So, why is Constellation Real Money's stock of the day?

The company has received a series of price target increases this week. 

Citi raised its price target to $210 from $206, HSBC raised it's PT to $220 from $216 and, finally, Suntrust Robinson raised to $190 from $180.

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