For years, it has been common knowledge on Wall Street that anything linked to golf has been dying. And more importantly to Cramer, sales of golf equipment seemed to be stuck in a downswing.
"When it comes to sporting goods, golf exposure has been downright radioactive, as least as far as Wall Street is concerned," the "Mad Money" host said.
Lately, it seems that the notion that golf is dead may be wildly overstated, or at least too simplistic. Cramer compared it to the "death of the mall" narrative. It turns out that the golf space may be more complicated than previously assumed.
Back in May, Adidas announced it would sell off its golf division, which was in a decline. However, when it reported earnings a month ago, its golf equipment business saw a 7 percent year-over-year increase in sales. Additionally, Parsons Xtreme Golf has also gained market share in the golf equipment business.