Jim Cramer Highlighted Buying Opportunities in 13 Stocks

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

Number of Hedge Fund Holders: 98

Spotify Technology S.A. (NYSE:SPOT) was mentioned during the episode and here’s what Cramer said:

“Now here’s an easy one, Spotify. It’s this subscription business like Netflix that keeps on growing and growing and growing. It’s the ultimate beat and raise stock, but there’s always someone down there giving them the business. I saw today when an outfit said Spotify’s run too far and it’s peaking. To which I say based on what? I didn’t see a thing in the piece that was convincing. But the stock still got knocked down in the morning. It gave you a great entry point before it rallied and ended the day in positive territory.”

Spotify (NYSE:SPOT) provides subscription-based streaming services, allowing users to enjoy a diverse range of music and podcasts. Cramer recently expressed his love for the company as he stated:

“Now Spotify is a classic beat-and-raise story. It tends to blow away the estimates. I love these subscription businesses, you know that, think Netflix, Amazon because of Prime, and Spotify’s always in the conversation.”