Jim Cramer Discussed 15 Stocks, Including Broadcom, Netflix, and His Skepticism Toward Tech Stocks

6. Netflix, Inc. (NASDAQ:NFLX)

Netflix, Inc. (NASDAQ:NFLX) was among the stocks Jim Cramer commented on, saying that tech stocks cannot be trusted to lead anymore. A caller inquired about the company’s biggest headwinds and whether the stock is a buy, sell, or hold. Cramer replied:

Okay, I want to buy Netflix. The biggest headwind is that they went and got involved with trying to buy the Warner Brothers Studio, and everyone thinks, oh, they don’t know what they’re doing. I think they took the optionality that they had. They debated it. They made a decision, then they decided not to do it, because they’re going to do fine. I think we’re going to look back and think, wow, I bought it down 13%, not bad.

Netflix, Inc. (NASDAQ:NFLX) provides streaming entertainment, including TV series, films, documentaries, and games. During the June 2 episode, a caller inquired about what was holding the stock back, and Cramer responded:

Okay, so here’s what’s amazing… You and I are thinking alike. I saw it today at $83, and I said to myself, alright, I gotta do a piece about how this stock got down to $83. It shouldn’t be, it shouldn’t be down 11%. You are on to something. I am going to do it. I can’t just say, yeah, I agree with you, because obviously that’s not rigorous. But I think you’re on to something, and I’m going to follow up on it, and we’re going to get down to the bottom of it.

Click to continue reading and see Jim Cramer Discussed 5 Stocks, Like Meta, NVIDIA, and His Skepticism Toward Tech Stocks.

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