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The best way to make money off the new Madden NFL 2007 video game that was released today is GameStop (GME Quote), Jim Cramer told viewers of his "Mad Money" TV show Tuesday. Although Electronic Arts (ERTS Quote) makes the Madden game, Cramer does not believe it is the best stock to buy here; it is being sued for options backdating and is suffering from competition from well-funded companies. GameStop, the largest video-game retailer, is going to be moving a lot of new merchandise, he said. For one, the game lineup for the Xbox 360 is a lot stronger than it was last year. In addition, according to Game Informer, Take-Two Interactive's(TTWO Quote) Rockstar Games is coming out with a new controversial game called Bully, which means big sales, Cramer said. Also, the company's bad numbers from last year should make this year's good numbers look even better, he said. Cramer predicts a "blow-away fourth quarter," and suggested maybe hanging on to it through the first quarter of 2007 because new games such as Halo 3 and Grand Theft Auto are scheduled to come out then, too. "Forget the software guys and consoles," Cramer said. The stock to buy in the video-game boom is GameStop, he said.
Secular Healing
The current economic cycle tells market players that they should be in secular growth stocks right now, Cramer said.- Loading Comments...
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