Activision Blizzard is a buy, but wait on Take-Two Interactive

on Feb8
by | Comments Off on Activision Blizzard is a buy, but wait on Take-Two Interactive |

Cramer gives his thoughts on Activision Blizzard's most recent quarter

CNBC’s Jim Cramer on Tuesday said Activision Blizzard is better positioned in the short term than rival Take-Two Interactive.

Both video game companies reported earnings this week.

Activision Blizzard

“I think Activision Blizzard is on fire right here. I almost hope the Microsoft merger falls apart as soon as possible, so that you’ll get a better buying opportunity,” he said.


But he predicted that the company, which produces the Grand Theft Auto and Red Dead Redemption series, will eventually release another smash hit that will lead to a comeback. 

“You have to believe in a turnaround to own this one. It might be a little early after this big run,” he said.

Disclaimer: Cramer’s Charitable Trust owns shares of Microsoft.

Jim Cramer gives his take on Activision Blizzard and Take-Two Interactive

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