Nike is getting back its Street cred — at least as far as Jim Cramer is concerned. "I'm going to make a bull call here. I have not really cared for the stock of Nike in a long time. I think just as Lululemon descends, it's time to buy Nike," Cramer said Wednesday morning on CNBC's "Squawk on the Street ." In fact, Cramer is so optimistic in Nike's recovery potential that he's "trying to figure out" whether it belongs in his Charitable Trust, the portfolio used by the CNBC Investing Club. The iconic sports apparel brand has struggled for the past few years as it countered an onslaught of issues including competition and excess inventory resulting from pandemic supply chain disruptions. Additionally, its decision to lean heavily into the direct-to-consumer channel, relying less on third-part
Jim Cramer says it is 'time to buy' shares of this iconic apparel brand that's chasing a rebound

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