CNBC’s Jim Cramer said Tuesday that Activision Blizzard is better positioned in the short term than rival Take-Two Interactive.
Both video game companies reported earnings this week.
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shares of activism blizzard That surged about 5.6% on Tuesday after the company reported a revenue decline in its most recent quarter. Cramer said all eyes are on federal trade commission antitrust case against MicrosoftAttempting to acquire the video game publisher, he believes that the acquisition is not needed for Activision Blizzard to continue to do well.
“I think Activision Blizzard is on fire right here. I hope the Microsoft merger falls apart sooner so you have a better buying opportunity,” he said.
take two
shares of take-two interactive It gained nearly 7.9% on Tuesday, rebounding after falling Monday on the quarterly revenue miss. Cramer said the company’s warning of changing consumer behavior due to tough macroeconomic conditions was worrisome.
But he predicted that the company that produced the Grand Theft Auto and Red Dead Redemption series would eventually release another smash-hit game that would mark a comeback.
“You have to believe in turnaround to achieve this. It might be a little too soon after this big run,” he added.
Disclaimer: Cramer’s charitable trust owns shares of Microsoft.
