Jim Cramer says he feels better about Apple's China exposure after Nike earnings

cnbc2021-06-25

CNBC’s Jim Cramer indicated Friday he’s feeling more comfortable about the geopolitical risks facing U.S. companies with important exposure to China such asAppleandTesla. Cramer pointed to a pair of ...

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Linzhu
·2021-06-28
Hi
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Fanlike
·2021-06-27
If you want to huat big ! Pls like me …….
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vic78
·2021-06-27
Apple continue to do well in china
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1
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- vic78:
  ?
  2021-07-09
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- 小狮狮:
  ??
  2021-06-27
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Fluffiejoy
·2021-06-26
Hi there
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1
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G3113
·2021-06-26
?
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- ShiChen:
  Sup
  2021-06-27
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- G3113:
  ?
  2021-06-26
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- G3113:
  ?
  2021-06-26
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Philipoo
·2021-06-26
Got it
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2
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7251945a
·2021-06-26
Ok
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1
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jfjf
·2021-06-26
Noted
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1
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nyse
·2021-06-26
Like me
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1
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nyse
·2021-06-26
Good info
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honkfish
·2021-06-26
Hope to buy more Nike
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- xixiwu:
  ok
  2021-06-27
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- klins3:
  it's so expensive now
  2021-06-26
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Jashy
·2021-06-26
Love nike
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3
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QuantumQuil
·2021-06-26
[齜牙]
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LY1970
·2021-06-26
Interesting trend
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- LY1970:
  Buy?
  2021-06-26
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Phantom121
·2021-06-26
Wow, buy now still not too late
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TellMeMore
·2021-06-26
Noted
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2
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Shop
·2021-06-26
okpk
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KinKat
·2021-06-26
With Biden continuing with Trump's anti-China stance, it's going to be challenging for US companies to operate in China and vice versa
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- Samlunch:
  Hope its just political rhetoric and underneath the bluster its business as usual
  2021-06-26
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SLA
·2021-06-26
Like and comments thanks
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- Hodl:
  [Cool]
  2021-06-26
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- 堵神:
  done please reply thanks ☺️
  2021-06-26
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Kiranaar
·2021-06-26
Nke going up was a big surprise. Will it ever come down?
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If it’s good for Nike, good for Starbucks, it’s going to be good for Apple,” Cramer said on“Squawk Box.”\nWhile Nike’s sales in Greater China were up just 17% in its fiscal fourth quarter, which ended May 31, CFO Matt Friend said on the conference call that the company saw improvements in May and June after a weaker April.\nFriend also mentioned Nike’s 40-year history in the region and said, “We continue to invest in serving consumers with the best products Nike has to offer in locally relevant ways.”\nIn late March, Nike began to experience backlash in China for a statement regarding forced labor allegations in the western region of Xinjiang. Citi in Aprildowngraded Nike’s stock to neutral from buy, citing China concerns as a key reason.\nCramer had previously expressed concerns about geopolitics potentially weighing on Nike. Last week, for example, hesaid of Nike: “Great story, but not if China stays as important as it’s been.”\nShares of Nike were soaring Friday, rising by more than 13% to touch a new intraday all-time high.\nCramer said Johnson also relieved some of his near-term investment concerns surrounding China risk after he interviewed the Starbucks boss on “Mad Money.”\n“We have built Starbucks in China, for China,” Johnson told Cramer on Thursday, while also emphasizing the coffee chain’s intentions to lead “by example of how we can take care of all stakeholders.”\nReflecting on that interview and Nike’s call on“Squawk on the Street”on Friday, Cramer said: “I think that what happened last night with Nike and with Starbucks was incredible.”\nCramer said what he took away is “there is no rift between the People’s Republic of China government and American companies that build plants there, which means to me one of the big worries about Tesla — whether China would embrace it — [is] off the table.”\n“If I were an Apple analyst, I would say, you know what, I have much greater conviction that Apple is going to have good numbers because they build there,” Cramer added.\nThe U.S. is Apple’s biggest country for revenue, but mainland China is second, according to FactSet estimates.\nCramer said he also feels better now aboutSkyworks Solutions, which makes semiconductor components. “Skyworks builds there; I would buy Skyworks,” he said.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":127904775,"gmtCreate":1624809890797,"gmtModify":1703845443029,"author":{"id":"3586424965090725","authorId":"3586424965090725","name":"Linzhu","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3586424965090725","authorIdStr":"3586424965090725"},"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/127904775","repostId":1165822342,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":127014447,"gmtCreate":1624802915489,"gmtModify":1703845349218,"author":{"id":"4087214554331330","authorId":"4087214554331330","name":"Fanlike","avatar":"https://static.tigerbbs.com/c246c6089857986b7fa6ee1d974b0693","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4087214554331330","authorIdStr":"4087214554331330"},"htmlText":"If you want to huat big ! 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