Shelter-in-place will have a 'lasting impact on consumer behavior,' Jim Cramer says

The stock, however, sold off almost 6% in Thursday's session as the company suggested an increase in demand was unlikely to be replicated post-pandemic. Still, Cramer projected Take-Two's future performance will be stronger than previously expected, given the high number of new players and new business during the period.

"The numbers won't be as strong as they were this past quarter, but I think they'll be much stronger than they would've been without the extended lockdown," Cramer said. "That means the stock has to be worth more than what it was selling for before Covid-19." Cramer added that the pandemic sped up the ongoing decline of America's shopping centers. The pain felt by shopping mall retailers and tenants translates to challenges for the real estate investment trusts, mall owners and strip mall companies, he said.

Consumers worried about contracting the virus and instigating another outbreak are even more likely to hop on the internet and shop for goods from the safety of their home, he said. There's no guarantee foot traffic will return to many brick and mortar retailers. Many businesses have initiated their migration from brick-and-mortar stores to online shops, a plus for companies like Shopify, which outfits companies with e-commerce operations. The company's COO, Harley Finkelstein, said the retail world of the 2030s is being pulled into the present,"Most of their tenants haven't been able to operate since mid-March" and can't pay rent, Cramer said.

Listen to Cramer. He’s always right, well except when was telling everyone in mid 2008 to buy bank stocks and grab that real estate. He only missed, along w/ the other seer Kudlow, the worst and longest economic collapse in 75 years. So yeah listen to him.

amzn retire early

Who else is heading to YouTube to watch old 2008 Jim Cramer clips ?

Lasting? Yes, for awhile!

So does death stayhome

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