Jim Cramer Says Buy Nike Ahead of Quarterly Report Release

TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer is in the same camp as J.P. Morgan analyst Matthew Boss when it comes to shares of Nike (NKE) - Get Report . Cramer thinks investors who want to own the stock should buy it ahead of the athletic apparel maker's quarterly results which are set to be released after the closing bell on Tuesday. Nike is a "very, very good company" with great technology and strong businesses in western Europe and China. 'I do think Nike is undervalued here because I'm not concerned about margin pressure,' Cramer concluded.

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