Jim Cramer Says Expect Nike Stock to Continue to Go Higher

Nike's stock surged Friday after earnings and revenue beat expectations. Earnings per share came in at $1.09, 21 cents ahead of Wall Street estimates, as Nike's gross margin of 46.6% beat forecasts for 45.24%. Jim Cramer points out that the company is accelerating in Western and Eastern Europe as well as in China with robust sales -- that's despite slowing economic growth in those regions. Nike's sales in Western Europe and Eastern Europe rose 25% and 9 %, respectively. Future orders are another bright spot for the footwear and apparel giant. Cramer says the stock will continue to go up next week.