TheStreet’s Jim Cramer is keeping an eye on shares of Nike (NKE) and Micron (MU) as both companies prepare to post their latest quarterly results after the close Thursday. Cramer says Micron can’t get out of its own way. He says it wouldn’t shock him to see something of a bounce when the company reports its numbers but he still wouldn’t want to own it. Nike, on the other hand, is all the way up and he doesn’t like that either. Cramer says he doesn’t like the set up for either stock — Micron because he doesn’t like the earnings but it could bounce; Nike because he hates to buy stocks at or near their 52-week high. Cramer advises investors to be careful with both Micron and Nike. Analysts are expecting Micron to post earnings of $0.57 a share and revenue of $3.91 billion for its third quarter. For sports retail giant Nike, Wall Street is expecting earnings per share of $0.83 on revenue of $7.69 billion for its fourth quarter.
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