Nike CEO Elliott Hill is " working his butt off," Jim said on "Squawk on the Street."
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Nike is a growing Street favorite as more analysts join Jim Cramer in signalling confidence in CEO Elliott Hill.
The big post-earnings drop in Nike shares is a big opportunity.
Jim Cramer says Nike is still worth owning because CEO Elliott Hill's turnaround efforts have shown signs of progress.
To keep investors in its corner, Nike has to keep showing progress.
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
"It's a very hard business," Jim Cramer acknowledged.
