Jim Cramer Shares His Thoughts On Nike And AutoZone

On CNBC's Mad Money, Jim Cramer spoke about Nike Inc NKE. He thinks there is a lot of competition in the space and Nike is trading at 23 times earnings, which is higher than the price-to-earnings multiple of the average stock. Cramer wouldn't buy the stock, because there are better stocks to buy out there.

Cramer likes AutoZone, Inc. AZO. He thinks the recent weakness is caused by the rumors that Amazon.com AMZN is entering the auto parts business.