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Jim Cramer's Stop Trading! Buy Take-Two

TheStreet.com Staff

"Look out above" on Take-Two Interactive (TTWO), Jim Cramer said Wednesday on CNBC's "Stop Trading!" segment.

Cramer said you'll need to "hold your nose" to buy the scandal-tarnished New York-based gamemaker, which he called the "most poorly managed" company in the nation. Nonetheless, he said the stock is about to pop even beyond Wednesday's 11% rise. Cramer noted that the investor group seeking to take over the board holds 46% of the stock, and 35% of the float is sold short. That, he said, will add up to pain for the shorts and a continuing rise in the stock.

Cramer likes Ciena (CIEN), saying the networking gearmaker "needs a win" like the one it's in line for with Verizon (VZ).

Cramer says the mining sector negativity is "overdone," which is why he likes coal miner Joy Global (JOYG) despite last week's earnings miss. Cramer said the company "generates a lot of cash."

Cramer continues to like Under Armour (UA), which he expects to benefit from the "collapse of Reebok" in U.S. athletics goods stores. Cramer said Under Armour is "superbly managed" and is "going to the $50s" from a recent $45.50.