Jim Cramer Recently Talked About These 5 Subscription Stocks

3. Netflix, Inc. (NASDAQ:NFLX)

Number of Hedge Fund Holders: 144

Cramer discussed Netflix, Inc.’s (NASDAQ:NFLX) stock performance, focusing on a significant rise in January after the company reported strong quarterly results. He pointed out that the surge in stock price was driven by positive investor reactions to the company’s impressive growth.

“Then starting in mid-February, the stock rolled over along with everything else in the group to the point where it completely filled the gap. As Lang sees it, that reset the stock and Netflix has been rebounding ever since…. At this point, it’s up more than 9% for the year, better performance than most tech or tech-adjacent names.… Now take a look at this chart that highlights the Relative Strength Index or RSI. That’s another momentum indicator…. It started bouncing after hitting oversold territory earlier this month.

Alright, and you can see, these are things that you can see where boom oversold, okay? Right now, it’s still around 50, which is very good, which tells Lang that Netflix has a long way to go with this rally before it gets overbought… Lang also likes the stock, been flirting above the 50-day. That’s what I like, okay?… In recent sessions, it’s above that level, which is very, very positive. Put it all together and you’d be a buyer of Netflix right here, right now, and so would I.”

Netflix (NASDAQ:NFLX) runs an international streaming platform that provides a wide variety of movies, TV series, and original programming to millions of subscribers around the world.