Jim Cramer’s Game Plan: 15 Stocks in Focus

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

Number of Hedge Fund Holders: 98

Cramer discussed Spotify Technology S.A. (NYSE:SPOT) during the episode. Here is what Mad Money’s host had to say:

“Tuesday’s jam-packed. Alright, now we start the morning with PayPal and Spotify, both of which could have terrific numbers… 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.”

Spotify (NYSE:SPOT) offers subscription-based audio streaming services, giving users access to a wide selection of music and podcasts. The company was on Cramer’s list of companies that hit $100 billion in market cap in 2024 and he stated:

“Third, no one talks about the meteoric rise of Spotify. The audio subscription company with popular figures like Taylor Swift, the Weekend, Bad Bunny, Chappell Roan, oh and Billie Eilish as well as a host of famous podcasters including the influential Joe Rogan.

Spotify has rallied 165% year to date, joining the hundred billion dollar club as of Friday’s close. Why did it suddenly take off? Simple, the market loves subscription models because they’re sticky. Netflix, Amazon, Costco, all subscription businesses, they’re raving successes and now Spotify is too.”