Cramer’s Morning Take: Dick’s Sporting Goods 11/25/25

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Jim Cramer (0:10)

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Jim Cramer (0:47)

Jim Cramer here to share with you a sample of my take on the market from today's CNBC Investing Club morning meeting.

Retail is another place to go. I mentioned Home Depot, Builders First Source. What's down is Dick's Sporting Goods. Now, Ed Stack is able to be a great spokesman. Look, Lauren Hobart is the CEO. Ed is the executive chairman. I've known Ed for about 25 years. But I think that this is a kind of an interesting moment to buy a home, Dick's. It's down because of Footlocker. And I don't think the Footlocker problem is, let's say, insurmountable. And I think that once we see Ed Stack get behind the inventory issue, I think it'll be fine. Notice there's no read through to Nike. Nike's not being hurt by it. Anytime you get a dumping of inventory, which is what has to happen at Footlocker, I can't believe it hasn't been done yet. It's really fabulous news for Elliott Hill and Nike, which makes me once again reiterate that Nike is the buy-off of Dick's problems because Dick's is going to unload once and for all that inventory. That's why the gross margins are down so badly. That's what that's about. The gross margins are frightening. But I think it's terrific for us and Home Depot. Go back to the rate cut probability. Right now, it's 83%. It was 84%. There was nothing in the PPI that may be concerned at all. I think that I did say on air that I felt that we've got to get away from this endless guessing game of the Fed. And I think the Treasury Secretary, Besson, realizes that the Fed chair, I don't say that you can be too transparent, but it can be meddlesome to be as involved as he was with the media. And I think that the new Fed chief should go back to the way it used to be, which is quarterly minis are just fine.

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