Jim Cramer advises cautious Nike investment due to potential growth under new CEO Elliott Hill.

Jim Cramer of CNBC advised investors to consider a small, cautious position in Nike despite its recent financial struggles and leadership changes. He believes new CEO Elliott Hill could enhance distributor relationships and lead a turnaround. While the investment is risky, Cramer suggests gradually building a position, as potential growth may outpace financial indicators. He also noted the competitive landscape and the need for improved product quality under new management.

October 18, 2024
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