• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Bruce Kamich
    • Doug Kass
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • Trifecta Stocks
  1. Home
  2. / Jim Cramer

Jim Cramer: Would You Sell GameStop Now?

The most important thing if you are a GameStopper is that you have to ponder how Unity is worth $29 billion and Activision is worth $79 billion.
By JIM CRAMER Mar 11, 2021 | 11:30 AM EST
Stocks quotes in this article: NVDA, COST, DIS, BRK.A, BRK.B, UPS, ARKK, TSLA, PLTR, AMC, EXPR, SPG, GME, CRSR, LOGI, CHWY, RBLX, U, ATVI, PENN, GRWG, TMUS, TTWO, EA, DKNG, PYPL

You can only hate and love so much. The love for the cyclicals is so extreme that they have received valuations normally reserved for the Nvidia's (NVDA) of the world. By the Nvidia's? Who knows. Nothing going on until the Arm deal is scrapped or completed.

The craziest thing though, is Costco (COST) , which got a key upgrade this morning from Wells Fargo. I was shocked to see that Costco's stock had given up all of its "essential" gains and how nuts that it.

I get that some chains may not have picked anyone up while they were open and the small places remained shuttered. But Costco is a club, for heaven's sakes, and that means Costco picked up more than a million new members in this stretch. Not only that but Costco is now going to start opening new stores which is another source of fees, a chief reason why we own it for Action Alerts PLUS.

Now the other side is bizarre, too. We love Disney (DIS) , own it for the trust, but it is vital that Disney+ keep growing, the parks come back hard, and, most important, Disney used this time to rationalize, something it needed to do because it had too many people working for it.

I also get the industrials. Yesterday Berkshire Hathaway (BRK.A) (BRK.B) released its monthly rail figures and they were plus 9% which is extraordinary for this moment in time especially with the port long jam out west. But there's plenty of auto business and the energy business is strong, too. Hard to imagine you can be big enough.

I am still thrown by how poorly United Parcel (UPS) acts. The sellers there are relentless. What do they know?

I am betting nothing.

The missing piece of the puzzle is the mid-size banks. How do you value them? Or do you accept that they should never be as down as they were.

Oh and, of course, there's the to-the-moon stocks. With Cathie Wood (ARKK) getting her mojo back and Tesla (TSLA) being oversold, it's easy to see how fan fave Palantir (PLTR) can come back hard. AMC (AMC) ? A little more difficult but if it is the only movie theatre in town there's the possibility. Express (EXPR) ? I mean the mall's coming back but I prefer to play that with Simon Properties (SPG) .

What else with the diamond fists, my term for the determined holders of GameStop (GME) ? It is difficult to believe that anyone who owns it will want to sell it now that Ryan Cohen is getting his grand scheme ready. Will it be paintings of you playing video games if you order equipment from the company, you know Corsair (CRSR) and Logitech (LOGI) and the boxes? How about if they write you nice notes thanking you for joining the club? How about if club members get free delivery of Nvidia cards to mine Ethereum? You tell me that these aren't the musings of the man who co-founded Chewy (CHWY) ? The diamond-hander-to-the-mooners would prefer that Ryan keep the plans a secret. The longer the better.

Me, as a satisfied Chewy holder, I just want to get my gaming picture so I can frame it. Maybe put me in a Grand Theft Auto video or have me winning Call of Duty? I mean come on, you tell me that Ryan hasn't posited that? I think he's coming out hard, with real ideas that are going to monetize those who are shareholders like Roblox (RBLX) , which has a lot of users as shareholders.

The most important thing if you are a GameStopper is that you have to ponder how Unity (U) is worth $29 billion and Activision (ATVI) is worth $79 billion. Can't the Robinhooders take from the rich companies and give to GameStop? Why not? Dave Portnoy has an impassioned plea to buy Penn National (PENN) so you can get a yacht. Why not two yachts with GameStop: his and hers.

Hey, just an idea.

I have been thinking about ways that GameStop could be the next Tesla and I keep coming back to the mining and cannabis store: everything you need to mine and grow (like GrowGeneration (GRWG) ) crypto and pot. It might also be the place where you can buy fully loaded T-Mobile (TMUS) phones, once with Activision Blizzard, Take-Two (TTWO) and EA (EA) as well as Barstool, DraftKings (DKNG) and PayPal (PYPL) or Robinhood: your gaming, gambling, investing and bitcoin saving home.

Damn, Ryan, put me in.

Give me the ball!

(NVDA, COST, DIS, UPS, and TTWO are holdings in Jim Cramer's Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells these stocks? Learn more now.)

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

Action Alerts PLUS, which Cramer co-manages as a charitable trust, is long NVDA, COST, DIS, UPS, TTWO.

TAGS: Investing | Markets | Stocks | Trading | Gaming | Jim Cramer |

More from Jim Cramer

Jim Cramer: I'll Put My Money With 'Boring but Lucrative' Any Day

Jim Cramer
Sep 29, 2021 1:28 PM EDT

Let's look at that recent downgrade of 'dull' Morgan Stanley and see why exciting is best left for the stadiums and amusement parks -- and not stocks.

Jim Cramer: America's Toughest Job? Finding Workers

Jim Cramer
Sep 28, 2021 12:17 PM EDT

It's the question of our time: Where are the people willing to take on these better paying gigs? Let's see what's going on and what we need to happen.

Jim Cramer: Here's How Analysts Can Be Off By a Wide Margin

Jim Cramer
Sep 24, 2021 12:02 PM EDT

Let's look at the reactions to Nike, Costco and Salesforce to see what happens when they're viewed from a real world perspective.

Jim Cramer: It's Pure Insanity That We Don't Make Chips Here in the U.S.

Jim Cramer
Sep 23, 2021 11:05 AM EDT

While the big guns meet at the White House about the global chip shortage, the president and these companies are approaching this all wrong.

Jim Cramer: Go Ahead, Have a Cow, but I Say Powell and Xi Are Bulls

Jim Cramer
Sep 22, 2021 3:51 PM EDT

We rallied, because China's President Xi and Fed Chair Powell made decisions that they knew would lead to rallies.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 01:44 PM EDT STEPHEN GUILFOYLE

    Stocks Under $10 Portfolio

    We're making a series of trades here.
  • 03:07 PM EDT PAUL PRICE

    Why Is Walmart Down Big Today?

    Besides its poor earnings report Walmart was way...
  • 07:14 PM EDT PAUL PRICE

    A New, Very Scary Movie

  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2022 TheStreet, Inc., 225 Liberty Street, 27th Floor, New York, NY 10281

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login