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Theme that transcends DC morass: Cramer

(Click for video linked to a searchable transcript of this Mad Money segment)

There's a theme in the market that Cramer believes should remain intact, no matter what happens with Washington.

It's the videogame product cycle.

Next month, for the first time in seven years, two major companies are introducing new videogame consoles; Sony is expected to release PlayStation 4 on November 15th, and Microsoft is expected to release Xbox One on November 22nd.

"I think these are going to be huge events for the companies involved in the electronic gaming industry, a $13 billion market in the United States alone," Cramer said.

Although there are many winners, Cramer thinks GameStop warrants attention. And it appears the Street does too. Shares of GameStop have almost doubled year to date, partially due to the anticipation of the new product cycle.

But despite the sharp advance, Cramer thinks there could still be room to run.

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"GameStop has an entire line of business that didn't exist when the last Xbox and Playstation iterations came out: now they sell digital and mobile games online. The company's mobile revenues were up 121% in the latest quarter, and the total category could be worth a billion dollars to them for 2013," Cramer added.

That should generate tailwinds. But there's more.

In addition, Gamestop stands to benefit from several big releases such as "Battlefield 4" from Electronic Arts and Take-Two Interactive Software's "Grand Theft Auto V."

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Meanwhile, the forecast issued in August was also bullish.

GameStop said it expected full-year earnings in the range of $3.00 to $3.20 per share, higher than its previous forecast of $2.90 to $3.15.

Arvind Bhatia, an analyst at Sterne Agee, shares Cramer's bullish view. "Gamestop is gaining market share; that's a trend that should continue through the third and fourth quarter," he said. "If anything, I think they're being conservative with their guidance."

*Reuters contributed to this report

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MSFT
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