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Take-Two Stock Is Jim Cramer's Gaming Pick

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Activision Blizzard  (ATVI)  garnered good returns for the Action Alerts PLUS charitable trust before the portfolio closed out its position in the videogame maker on Feb. 25.

But videogame plays have suddenly become defensive with hundreds of millions of Americans being forced the stay in their homes due to the coronavirus pandemic.

So the AAP team initiated Take-Two  (TTWO) , the company behind the popular Grand Theft Auto and NBA 2K franchises.

“These gaming stops right now, they're on fire for a reason. That reason is everyone is staying at home, kids are still in school, but they're out of school and what are they doing? They're playing videogames,” said Jeff Marks, AAP senior analyst.

The team also pointed out that gamers refresh their gaming libraries often just to make sure that they have the most up-to-date specs. And with the ease of being able to download both games and updates, videogame stocks are well positioned in the current market environment.

“There's ... such a demand [for] these games right now and so many hours are being spent that that Take-Two is going to be great,” Marks said.

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