TheStreet.com TV Recap: Game Makers People Play

Cramer says GameStop's not going away, and takes a look at both sides of Take-Two.
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Jim Cramer got into the game -- the game makers -- in a Web video for TheStreet.com TV's Wall St. Confidential Tuesday.

GameStop

(GME) - Get Report

is "well run," but for a quick trade

Electronic Arts

(ERTS)

may be right, Cramer said.

GameStop is a "generational play" and is not going away, but Cramer said he is curious to see where

Take-Two Interactive

(TTWO) - Get Report

could move.

GameStop at its 52-week high of $31 could be a trade here, he said. People can sell some but they will have to buy it back, Cramer advised. "This is the best-in-show demographic retailer and it continues to do the right thing."

On Take-Two, there are two camps, he told Gregg Greenberg, the host of Wall St. Confidential. The bears are saying Take-Two is "worthless," but the people running Take-Two "are too smart to ignore the total battleground."

Further, Cramer said he's been recommending

Sony

(SNE) - Get Report

since Michael Price from Mutual Shares sat him down and said there is a lot of value to unlock at the Japanese giant.

On

Microsoft

(MSFT) - Get Report

, Cramer said that even though it was able to sell 20 million Vista licenses, its Zune product "has no take-up."

Moreover, Cramer said that while he's been hearing about all these things that

Yahoo!

(YHOO)

(which he owns for his charitable trust,

Action Alerts PLUS),

eBay

(EBAY) - Get Report

and

Google

(GOOG) - Get Report

are doing, there is nothing coming from Microsoft's MSN.

Cramer said he believes Microsoft's Xbox is "really good," but says it can't be a driver for the stock.

Opening the Window

In

another segment, Cramer told Greenberg there is such a thing as "window dressing," or the act of moving stocks aggressively on the last day of the quarter. However, it is not something people in the financial business generally want discussed, he said, adding that he neither participated in it nor does he condone it.

Some stocks that might catch bids by Friday include luxury-goods sellers

Sotheby's

(BID) - Get Report

,

Coach

(COH)

and

Movado

(MOV) - Get Report

, Cramer said.

"These are all winning stocks," he said. Sotheby's is a "great way to play inflation," Coach has "consistently delivered" and is a likely candidate to be marked up, and Movado's going to have an "excellent quarter" and it has a very low multiple, Cramer said.

Drugs

In the drug sectors,

Abbott

(ABT) - Get Report

has been "on a tear," and

Baxter

(BAX) - Get Report

, which is in a "sweet spot," has been consistently delivering "great numbers."

Utilities

In utilities, Cramer said

FirstEnergy

(FE) - Get Report

is not as bad as it used to be, and

Con Ed

(ED) - Get Report

has a great yield vs. Treasuries.

Steel

In steel, Cramer said he doesn't know how

Cleveland-Cliffs

(CLF) - Get Report

has stayed independent in a sector where there has been "tremendous consolidation."

U.S. Steel

(X) - Get Report

has to go buy it, Cramer said.

However,

Reliance Steel

(RS) - Get Report

is the one stock he has been behind, and it "still has good valuation."

At the time of publication, Cramer was long Yahoo!

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

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