Mad Money Lightning Round: Marvell Technology, MicroVision, Oracle
Jim Cramerâs bullish on Marvell Technology, but says MicroVision is a battleground stock.
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May 20, 2021 7:30 AM EDT
Here s what Cramer had to say about some of the stocks that callers offered up during the Mad Money Lightning Round Wednesday evening:
Marvell Technology Group (
MRVL) - Get Report: This has high-performance and 5G chips. This is a good place to be.
MicroVision (
MVIS) - Get Report: This is a battleground stock. I say take profits. You are a winner with that one.
Oracle (
ORCL) - Get Report: I cannot believe that everyone thinks that one is a value. I m not going to fight the tide.
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Virtual reality (VR) faced a lot of detractors in the early days of its resurgence as a consumer technology. While some of those have come around as the hardware has improved it seems Take-Two Interactive’s CEO Strauss Zelnick still isn’t sold on VR or its effect on the videogame industry.
In an earnings call this week Zelnick was highly sceptical of current trends, from the use of the word metaverse continually used by companies like Epic Games and Roblox to cryptocurrencies and immersive tech like VR and augmented reality (AR).
When discussing the metaverse subject and how Take-Two’s properties like
Take-Two Interactive (TTWO) is easily one of the biggest companies in the gaming industry, with franchises like NBA 2K, Grand Theft Auto, Borderlands under its belt, just to name a few. As we move into a new fiscal year, Take-Two Interactive (TTWO) has revealed its earnings report for the fiscal year 2021. Despite seeing a good deal of success over the period, Take-Two is projecting a down year for 2022.
Take-Two Interactive (TTWO) shared its earning report for the fiscal year 2021 with an extensive post to its official website. The company had a pretty solid 2021, reporting a growth in revenue and recurrent spending. Several games are cited as top earners for the financial year, including Red Dead Redemption 2, GTA Online, and Sid Meyer’s Civilization 6. In addition to reporting on its 2021 earnings, Take-two also shared its projections for the company’s upcoming business. Despite coming off of a successful period, Take-Two’s guidance for 2022 projects a down year.