Jim Cramer on Netfllix: “It Shouldn’t Be Down 11%”

Netflix, Inc. (NASDAQ:NFLX) was among  Jim Cramer’s stock calls on Mad Money, as he highlighted several opportunities in out-of-favor sectors. During the episode, a caller asked what was holding the stock back, and Cramer replied:

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.

Netflix, Inc. (NASDAQ:NFLX) provides streaming entertainment, including TV series, films, documentaries, and games. During the May 5 episode, a caller asked if the stock was a buy. The Mad Money host responded:

Well, okay, it’s not a buy, buy, buy, because we’re still, it’s a quizzical moment for Netflix because they went and they did that ill-fated attempt to be able to get Warner Brothers Discovery, and because of that, people feel that they must need that property. We have to wait one more quarter, and then I think people will realize, no, they just did it. It would’ve been a good idea. Let’s move on.

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