Cramer's Morning Take: Nike 11/11/25

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Jim Cramer (1:02)

I'm Jim Cramer and you're about to hear a sample taken directly from today's CNBC Investing Club Morning Meeting.

SPEAKER_4 (1:09)

I've also had some soft news on the labor market today. This ADP payroll tracker showing a weekly decline of 11,250 jobs on average over the past four weeks. Ironically, though, we're seeing some decent moves in some consumer discretionary turnaround plays. Yes. Nike having a nice move. Starbucks as well.

Jim Cramer (1:28)

I said that Nike, and we'll talk about it tomorrow night when I sign books, I think that Nike is real. I thought that the piece that I read this morning, Bank of America, was real. I think that JP Morgan's commitment to Nike is real. I think them getting away from direct to consumer and going back to the stores like Footlocker is real. So I think that this is a real move. And by the way, can we just point out that China, we saw LVMH start going back to China big time because of luxury. And this is a luxury item in China. Don't you believe it? This is some cut rate thing at TJX.

SPEAKER_4 (1:59)

Yeah, so it's obviously been disappointed to own since the last quarter right here, which was good. But so hopefully this is the beginning of a rebound day.

Jim Cramer (2:06)

But you know, I believe in Elliott Hill. I think Elliott Hill is an athlete, okay, and it's back. It was, it got away from what it was CORE, in the same way that I think that that Starbucks got away from CORE. And you know, I believe in that term too.

SPEAKER_4 (2:21)

Yeah, absolutely.

Jim Cramer (2:24)

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SPEAKER_5 (2:36)

All of the news expressed by Jim Cramer on this podcast and in connection with the CNBC Investing Club are solely Cramer's opinions and do not reflect the opinions of CNBC, NBC Universal or their parent company or affiliates and may have been previously disseminated by Cramer on television, radio, Internet or another medium. No specific outcome or profit is guaranteed in connection with your reliance upon or other use of the content from Cramer. The opinions offered in connection with this podcast and the CNBC Investing Club are not an attempt to induce any particular trading behavior, investment or strategy. You should be aware of the risk of loss in following any strategy or investment discussed in the content from Cramer. To view the full CNBC Investing Club disclaimer, please visit cnbc.com/investingclubdisclaimer.

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