Cramer's Morning Take: GameStop 5/14/24

Jim Cramer (0:02)

I'm Jim Cramer, and you're about to hear a sample taken directly from today's CNBC Investing Club morning meeting.

SPEAKER_2 (0:10)

I do think we should comment real quick on what's happening in terms of GameStop.

Jim Cramer (0:14)

You had the best comment. You said it to me this morning. I used it on air.

SPEAKER_2 (0:17)

Yeah, look, what I said, we don't know how long the story will go. We've obviously saw in 2021 that there were multiple days of big gains, but if you could just looking at the chart, we know how it ends with these companies. It doesn't end well. This isn't our game. This isn't our area.

Jim Cramer (0:34)

No, and I did express some, I would say frustration on air. And I was like, come on, it's as big as best. Then it passed Best Buy. Best Buy is a real company with a real yield and good sales. You know, it's just like, this doesn't have any. It's the same revenues, has no game plan, never put a game plan in place. Ryan Cohen has not been able to do anything other than make a lot of money on short and why doesn't he just say, test the water and sell 100 million shares at 40, okay? And reinvent the coming.

SPEAKER_2 (1:04)

And I'd argue based off that announcement that's open, I made yesterday with Chat GPT 4.0, some of these new and improved chat bots that are going to be powered using phones or tablets or computers.

Maybe that's what is needed to jumpstart this consumer electronics story. Which you would buy at a Best Buy, of course.

Jim Cramer (1:26)

Right, and look, understand Best Buy as opposed to GameStop. I mean, GameStop is a company, that's just a greater fool theory. We own a Best Buy and we're hoping that the earnings are good because we have a big PC refresh. Very different story. There is no story for GameStop, which makes it very difficult for me to offer value.

Start your day with my outlook on the daily market every morning at 10, 20 a.m. Visit cnbc.com/morningtake to access all the benefits of being a CNBC Investing Club member.

SPEAKER_3 (2:01)

All opinions expressed by Jim Cramer on this podcast and in connection with the CNBC Investing Club are solely Cramer's opinions and do not reflect the opinions of CNBC, NBC Universal or their parent company or affiliates and may have been previously disseminated by Cramer on television, radio, internet or another medium.

No specific outcome or profit is guaranteed in connection with your reliance upon or other use of the content from Cramer. The opinions offered in connection with this podcast and the CNBC Investing Club are not an attempt to induce any particular trading behavior, investment or strategy. You should be aware of the risk of loss and following any strategy or investment discussed in the content from Cramer. To view the full CNBC Investing Club disclaimer, please visit cnbc.com forward slash investing club disclaimer.