NEW YORK (TheStreet) -- Jim Cramer fills his blog on RealMoney every day with his up-to-the-minute reactions to what's happening in the market and his legendary ahead-of-the-crowd ideas. This week he blogged on:
- The growing excitement in the gaming world, and
- Cross currents in the markets.
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The Best Stock in Video Gaming
Posted at 1:46 p.m. EST on Friday, July 18, 2014
The excitement in the gaming world is growing by leaps and bounds after the surprising doubling in Xbox sales with the $399 option and the holiday games lineup.
It may not be as good a reason to own Microsoft (MSFT), although it sure would be if it were spun off. But people are, correctly, flocking to GamesStop (GME) and Electronic Arts (EA) as beneficiaries. GameStop got hurt badly during a transition that was poorly telegraphed by a management. I happen to like Paul Raines, the CEO, who was abject in not getting it right the first time but terrific in coming back on "Mad Money" and saying that the all-clear's been sounded even as it has taken three months since he said that to make some money here.
No matter, the one that's not up enough is the one that I think is going to have a terrific second half of the year: Take-Two Interactive (TTWO). The stock's rallying nice today, putting on almost 3% today and up 30% for the year.