Jim Cramer Says Weakness in Nike Is a Buying Opportunity

Nike's (NKE) - Get Report earnings call revealed that inventories are down, which is a big plus for the company according to TheStreet's Jim Cramer. He says Nike was a buy at $49 a share, not a sell, and also noted Nike did well in China. Cramer added that Under Armour (UA) - Get Report is another company in which inventory levels are key.

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