Best Buy (BBY)’s “Been Sneaking Up,” Says Jim Cramer

We recently published 10 Latest Stocks Jim Cramer Talked About. Best Buy Co., Inc. (NYSE:BBY) is one of the stocks Jim Cramer recently discussed.

Cramer discussed Best Buy Co., Inc. (NYSE:BBY) late during the show and tied it in with Intel’s latest earnings report. During the earnings, Intel CFO David Zinsner had outlined that Intel was facing a CPU shortage. Cramer tied the remarks to Best Buy Co., Inc. (NYSE:BBY)’s role as an electronics retailer. He wondered whether a new cycle for video games could help the stock:

“The one that has been sneaking up and is a combination of maybe a new cycle for gaming, Take-Two Interactive and computers, is Best Buy. Left for dead not that long ago. That’s where you go for the PC refresh. Corie Barry, let’s get her on the show. I think she has good things to say. That stock’s coming back.

“[On BBY being a big holiday proxy] Yes it is. . .and the last quarter was not good. But maybe it’s coming together. She was counting on a PC refresh and you are getting it. That was one of the underlying themes of that great Intel call.”

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.