What Did Jim Cramer Say About These 19 Stocks Recently?

8. Netflix Inc. (NASDAQ:NFLX)

Number of Hedge Fund Holders: 145

Jim Cramer responded enthusiastically when asked about Netflix (NASDAQ:NFLX):

“Oh, don’t be curious, it’s terrific! It’s a subscription revenue. I’m going to give you one in threes: Netflix has subscription, Amazon has subscription, and Spotify has subscription. And subscriptions are one of the greatest… Having started a subscription business and having modest success, I can tell you there’s nothing like a subscription for just the day-to-day cash flow. You should own Netflix; they’ve done a very good job.”

Polen Focus Growth Strategy stated the following regarding Netflix, Inc. (NASDAQ:NFLX) in its Q2 2024 investor letter:

“Finally, we trimmed Netflix, Inc. (NASDAQ:NFLX) mostly due to valuation but also as a source of funds to add to the new position in Shopify. As a reminder, we added to our position in August 2022 amid broad concerns about the company’s ability to grow and monetize shared passwords. We expected Netflix to show progress in monetizing shared passwords, leading to robust free cash flow generation. This is now playing out and is appreciated by the market. Hence, given the balance of growth and valuation, we felt it was appropriate to reduce our exposure to a more normal weight.”