Nike 's road back to glory is going to take a while, but CNBC's Jim Cramer is willing to wait. "The reason I'm defensive about it is because I know very few people who think that Nike can turn," Cramer said Tuesday on " Squawk on the Street ." The stock received a 6.4% boost the day after the company reported a fiscal 2026 first-quarter earnings beat on Sept. 30. But shares have since dropped roughly 14%, even with Tuesday's 4% gain. "It's one of the better companies out there that's down," Cramer added. Nike is a holding in Cramer's Charitable Trust — the portfolio used by the CNBC Investing Club. Bank of America agrees. In a note to clients on Tuesday, the analysts said, "The recent pullback since first-quarter earnings offers a particularly attractive buying opportunity," citing continu

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