Jim Cramer Says Skechers Has a Great CEO, But Own Nike

TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said that while Skechers (SKX) - Get Report has a 'sensational' CEO, there is not enough clarity on how the footwear company is doing at any given time.  Cramer said, 'Skechers is a bit more of a 'black box.' He believes Nike (NKE) - Get Report is the stock to own if investors want to be in the footwear space. 'China for Nike is so incredible. You don't get out of Nike ahead of the Olympics,' said Cramer.

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