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Jim Cramer's Mad Dash: Buy Take-Two, Michael Kors

NEW YORK (TheStreet) -- Take-Two Interactive Software (TTWO - Get Report) is selling off slightly after reporting earnings, despite beating on top and bottom line estimates. 

But TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, didn't agree with the selling. "You want to buy Take-Two, not sell it," he said on CNBC's "Cramer's Mad Dash" segment. 

The company has $8 per share in cash, is monetizing "all of its different assets" and continues to roll out new franchises, he added. 

Turning to Fossil (FOSL - Get Report), Cramer said the company is "not doing a great job" and has "very poor execution." The stock is down roughly 8% in early Wednesday trading after the company reported earnings. The retailer continues to do well in Europe, but is still struggling in the U.S. 

Must Read: What's Yahoo! Really Worth Once Alibaba Is Gone?

Instead, Cramer concluded that Michael Kors (KORS) "can go higher." 

-- Written by Bret Kenwell in Petoskey, Mich.

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At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.

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FOSL $39.38 0.00%
TTWO $35.43 0.00%
AAPL $93.64 0.00%
FB $118.57 0.00%
GOOG $698.21 0.00%


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