Home Finance Jim Cramer on Netflix: “It’s Going To Be Fine”

Jim Cramer on Netflix: “It’s Going To Be Fine”

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Netflix, Inc. (NASDAQ:NFLX) is one of the stocks Jim Cramer recently talked about. When a caller asked if they should buy more of the stock, Cramer commented:

“Look… Let me tell you, this is sometimes, this is an anecdotal stock, and I think right now people feel like, I don’t know, Netflix, what’s on? Nothing. I was watching Amazon last night for heaven’s sake, so that’s what I think’s causing it. Don’t worry, it’s going to be fine. They’re smart fellas.”

Jim Cramer on Netflix: “It’s Going To Be Fine”

Photo by Thibault Penin on Unsplash

Netflix (NASDAQ:NFLX) provides streaming entertainment, including TV series, films, documentaries, and games across multiple genres and languages. When a caller inquired about the stock in a June episode, Cramer responded:

“I mean, they are going to be the entertainment channel, so to speak, for the world. It’s worth $542 billion, that makes sense to me. I don’t want to double down because I think you might get an intraday swing at a point where you can buy some. But I’m not going to go against this company, which may be one of the best-run companies in the entire world, and I am not going to tell you to sell the stock.”

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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.

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