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

Squawk on the Street

CNBC

Business, News, Investing

4.1 • 567 Ratings

🗓️ 25 November 2025

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

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Summary

Cramer says it’s an interesting moment to buy this retail stock as the company resolves its inventory issues. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake CNBC Investing Club Disclaimer

Transcript

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0:00.0	Jim Kramer here to share with you a sample of my take on the market from today's
0:06.7	CMBC Investing Club warning meeting. Retail is another place to go. I mentioned Home
0:13.2	Depot, Builders, first source. What's down is Dick Sporting Good. Now, Ed Stack is able to
0:19.9	be a great spokesman. Look, Lauren Hobart's the CEO. Ed's an executive
0:23.5	chairman. I've known Ed for about 25 years. But I think that this is a kind of an interesting moment to
0:28.0	buy Foot Locker. It's down, I mean, to buy a home dix. It's down because of Foot Locker. And I don't
0:33.4	think the Foot Locker problem is, let's say, insurmountable. And I think that once we see Ed
0:41.3	Stack get behind the inventory issue, I think it'll be fine. Notice there's no read-through to Nike.
0:47.2	Nike's not being hurt by it. Anytime you get a dumping of inventory, which is what has to happen
0:52.9	at Foot Locker, I can't believe it hasn't been done yet.
0:55.1	It's really fabulous news for Elliott Hill and Nike, which makes me once again reiterate that Nike is the buy off of Dix's problems,
1:05.1	because Dix is going to unload once and for all that inventory, that that's why the gross margins are down so badly.
1:12.6	That's what that's about. The gross margins are frightening. But I think it's terrific for us
1:17.6	in Home Depot. Go back to the rate cut probability. Right now, it's 83% was it 84%. There was
1:24.5	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.
1:35.1	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
1:45.9	involved as he was with the media. And I think that the new Fed chief should go back to the way
1:51.2	used to me, which is quarterly minis are just fine.
1:55.4	Join the CMEC Investing Club with Jim Kramer to catch my member exclusive morning minis every day at 1020 a.m.
2:02.6	Visit CNBC.com slash morning take to become a member today.
2:08.0	That's one word. Morning take.
2:12.9	All opinions expressed by Jim Kramer on this podcast and in connection with the CNBC
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