Jim Cramer on Netflix: “Maybe One of the Best-Run Companies in the Entire World”

Netflix, Inc. (NASDAQ:NFLX) is one of the 11 stocks Jim Cramer put under the microscope recently. A caller asked if it was time to take a profit in the stock or double down. In response, Cramer said:

“I mean, they are going to be the entertainment channel, so to speak, for the world. It’s worth $542 billion, that makes sense to me. I don’t want to double down because I think you might get an intraday swing at a point where you can buy some. But I’m not going to go against this company, which maybe one of the best-run companies in the entire world, and I am not going to tell you to sell the stock.”

A home theater with family members enjoying streaming content together.

Netflix (NASDAQ:NFLX) delivers streaming entertainment that includes television series, films, documentaries, and games. The company’s content is accessible on various internet-connected devices and is offered in multiple genres and languages. Earlier in June, discussing the “new high” list, Cramer stated:

“The dominant winner in this new high list… well, it’s so easy. You probably even know if you just watched a couple hours of our show, and that’s Netflix. Now here’s this stock that seems to permanently reside on the new high list. It’s one of those positions that every time it moves up, some analyst raises numbers and raises price targets. Truly virtuous circle.

Right now, Netflix is going up on its content slate, including the upcoming season of Stranger Things and Squid Game. It’s also been going up because its ad tier is working well, and it should only get better as they develop more ways to help advertisers target the right viewers. At the end of the day, Wall Street loves the subscription business, and Netflix, it’s the king of subscriptions.”

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Disclosure: None.