Jim Cramer on Nike: Wait a Day and Buy

Nike shares moved lower Tuesday after unveiling a new ad campaign with NFL player Colin Kaepernick.
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Nike (NKE) - Get Reportshares moved lower Tuesday after unveiling a new ad campaign with NFL player Colin Kaepernick. 

"This is one where you wait a day and you buy," said TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer. "Nike's very good."

Nike shares are up 27% since the start of the year.