NIKE, Inc. (NYSE:NKE) Vs On Holding (NYSE:ONON) – Here’s What Jim Cramer Thinks

Jim Cramer, the CNBC TV host, has expressed contrasting opinions on two companies: Nike, Inc. (NYSE:NKE) and On Holding (NYSE:ONON). Cramer has discussed Nike several times, focusing on the company's turnaround efforts despite its stock being down more than 35% year-to-date. He praised the firm's CEO and the turnaround, but later changed his mind, stating that sneakers are not a great business.

On Holding, on the other hand, Cramer decided to pass on the shares in May and commented on the management change, mentioning that such changes are usually made for performance reasons, except for L3Harris.