Jim Cramer's Bullish on Take-Two Interactive - TheStreet

Jim Cramer's Bullish on Take-Two Interactive

Jim Cramer likes the video game sector.
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Do you game?

Don't worry -- you don't need to in order to get into the video game sector.

The video game industry is a $138 billion industry. For investors, there are some big names in the space, including Activision Blizzard (ATVI) - Get Report , Electronic Arts (EA) - Get Report and Take-Two Interactive (TTWO) - Get Report .

With the emergence of eSports--which is quickly climbing not only in popularity but also in revenue. It's expected that eSports will be a $1.65 billion industry by 2020. 

TheStreet had a presence at the Overwatch League Finals at the Barclays Center earlier this year. The event was sold out and reportedly had over 10.8 million viewers. Talk about a booming business. 

In today's "Ask Jim" segment, Twitter user David Lewandowski asked Cramer whether or not he still feels bullish on Take-Two Interactive. 

Red Dead Redemption 2 is one of the most highly-anticipated video games of 2018. It's developed by Rockstar Games--the studio that also created Grand Theft Auto. Rockstar is owned by Take-Two. 

It's set to be released Friday, Oct. 26. 

Cramer said that he does feel bullish on Take-Two, adding that he and his Action Alerts Plus team will be reassessing the names in their bullpen--one of which is Take-Two. 

Cramer said that, thanks in part to the upcoming release of Red Dead Redemption, the stock has gone up a little too high for his liking. Shares are up 12% over the past year.

Even if it's up too much right now for his taste, Cramer still feels bullish on it and said that he and his team will reexamine their bullpen. 

Take-Two is also set to release earnings on Nov. 7. 

Have a question for Cramer? Send them to @KatherineRooss on Twitter or email her at katherine.ross@thestreet.com.