Jim Cramer Discusses These 11 Stocks & Finds Few Reasons To Sell

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3. Spotify Technology S.A. (NYSE:SPOT)

Number of Hedge Fund Holders In Q3 2024: 98

Spotify Technology S.A. (NYSE:SPOT) is an audio streaming platform that enjoys the advantage of being the first mover in its industry. This has allowed the firm to establish a foothold in a new industry that has grown along with Internet use. Spotify Technology S.A. (NYSE:SPOT) has more than 200 million subscribers, with user growth allowing the firm to continuously beat analyst forecasts. As a result, the stock is up by 170.5% over the past year. Cramer believes that Spotify Technology S.A. (NYSE:SPOT) has a moat similar to Netflix’s in its industry:

“[On Netflix causing media companies anxiety] Except for Spotify. The people at Spotify are, they are thrilled.”

“I mean, monster quarter, highest quarter for, fourth quarter ever for monthly average users. The additions were incredible. Quarterly record highs for revenue. By the way, they’re talking about maybe video podcasts, higher priced tier coming.”

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