Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio.
Shares added more than 2%.
"I like the stock very much," Jim Cramer said, acknowledging that CEO Michael Hsu has needed to implement needed to cut costs as part of a business reorganization.
Nike : Shares added 0.4% after analysts at Deutsche Bank resumed coverage of the athletic footwear and apparel maker with a buy rating.
"I would be very careful" with Nike's stock, Cramer said.
Persons:
Jim Cramer's, Jim Cramer, Michael Hsu, Cramer, Dave, Joey Chestnut, Takeru Kobayashi
Organizations:
CNBC, Club, Clark : Bank of America, CNBC Investing Club, Procter, Gamble, Nike, Deutsche Bank, Netflix, Cola, Citigroup