Nike's Gross Margin Game Will Decline

Stocks closed lower, with the three major averages on pace for a losing week, and Jim Cramer is helping investors decode what data really matters in this market after a red-hot ADP jobs report. First, Levi's earnings hit the tape after the close and Cramer is talking to CEO Chip Bergh to take a closer look at the quarter. Then, travel stocks have boomed as consumers turn toward experiences, but can Delta continue to fly even higher? Cramer's sharing his outlook for the travel and leisure space. Plus, Cramer digs deeper into the bull and bear cases for Nike.

Mad Money Disclaimer