Squawk on the Street CNBC Investing Club: Cramer’s Morning Take on Nike 2/20/26
Feb 20, 2026
Discussion of SCOTUS striking down reciprocal tariffs and which companies stand to benefit. A focus on Nike’s reversed $1.5B tariff hit and other retail and industrial winners. Debate over how mixed macro data tempers market reaction. A take on whether recent inflation drivers are transient or more lasting.
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Tariff Ruling Is A Retail Boost
- The Supreme Court struck down the reciprocal tariffs, which should boost retailers' profits, at least in the short term.
- Jim Cramer highlights Nike as a major beneficiary with a $1.5 billion annualized tailwind from the ruling.
Market Skepticism Tempering Rally
- Markets are cautious because the administration might craft new levies despite the ruling.
- Nike estimated a $1.5 billion annualized hit from tariffs, so the ruling materially helps profits if it holds.
Tariff News Offset Economic Weakness
- The tariff news lifted markets that had been weighed by softer economic data like warm PCE and low Q4 GDP.
- Jim Cramer argues the slowdown may reflect transient factors like the government shutdown and volatile components of inflation.