5 Jim Cramer Stocks This Month

3. Netflix, Inc. (NASDAQ:NFLX)

Number of Hedge Fund Holders: 115

Netflix, Inc. (NASDAQ:NFLX) is one of the Jim Cramer stocks to watch this month and for several months to come as the investor has recommended his fans to “stick with” the streaming giant’s shares. Jim Cramer said:

“You got the pain, you get the gain. Stick with it.”

Netflix, Inc. (NASDAQ:NFLX) has taken several steps to reinvigorate growth. Nielsen’s data shows that Netflix, Inc. (NASDAQ:NFLX) topped the list of most-streamed programs in 2022. Netflix, Inc. (NASDAQ:NFLX) is also moving to stop password sharing. Analysts believe in the long run this could increase subscriber growth. However, some surveys indicate people who were using someone else’s password for Netflix, Inc. (NASDAQ:NFLX) will not sign up for the service after the company’s latest move.

A total of 115 hedge funds tracked by Insider Monkey reported owning stakes in Netflix, Inc. (NASDAQ:NFLX) at the end of the third quarter of 2022, up from 95 funds in the previous quarter.

Alger Capital made the following comment about Netflix, Inc. (NASDAQ:NFLX)  in its Q4 2022 investor letter:

“Netflix, Inc. (NASDAQ:NFLX) provides a subscription-based service for streaming movies and television episodes over the internet. In doing so, it is redefining how people consume entertainment in a rapidly digitizing world. Shares outperformed during the period as the company reported solid third quarter results, driven by net subscription additions that beat expectations. Management also raised fiscal fourth quarter guidance owing to strong customer acquisitions across all regions. Moreover, the company remains optimistic on new monetization efforts around ad pricing within their basic account tier.”