Squawk on the Street Nike Tumbles, FedEx Beats and the Stock Falls, OpenAI Valuation Watch 12/19/25
10 snips
Dec 19, 2025 Nike's shares fell as disappointing sales in China overshadowed strong performance in North America. FedEx faced losses despite an unexpected quarterly beat, due to its shift towards B2B. OpenAI is reportedly seeking to raise up to $100 billion, with discussions on its soaring valuation. Meanwhile, Oracle shares rally amid TikTok agreements and Carnival experiences a travel rebound. The hosts also dive into market signals from options expirations and consumer trends, while skepticism over OpenAI's potential investors adds intrigue.
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Nike's Turnaround Hinges On China Fix
- Nike beat earnings but China sales and tariffs dragged shares sharply lower, revealing execution issues abroad.
- Jim Cramer believes CEO Elliott Hill fixed North America and can turn China around, making the turnaround credible.
Buy Only If You Believe The CEO
- Jim Cramer recommends buying Nike now if you believe in Elliott Hill's plan and margin focus.
- He warns buyers are essentially betting on Hill's execution rather than external legal outcomes.
FedEx Shift From B2C To B2B Matters
- FedEx beat on revenue and earnings but the stock fell as investors still doubt the durability of the turnaround.
- Cramer highlights the strategic shift to B2B, especially healthcare, as the key margin driver.