Jim Cramer Put These 12 Stocks Under the Spotlight

3. Netflix, Inc. (NASDAQ:NFLX)

Number of Hedge Fund Holders: 144

A caller inquired about Netflix, Inc. (NASDAQ:NFLX), and Cramer said:

“Well, you know what? When you have a stock like Netflix, you gotta do two things. One is you gotta take out your cost basis, which allows you to be able to play with the house’s money. And two is, forget about it, let it run. Once you take out your cost basis, what happens? You can’t lose money, and that’s the way you invest in this country.”

Netflix (NASDAQ:NFLX) offers entertainment content such as TV shows, movies, documentaries, and games, which users can stream on internet-connected devices. The company’s platform features a wide range of genres and languages. In the last week of April, Cramer said that Netflix (NASDAQ:NFLX) “can continue to climb over the long haul.” He commented:

“Last, but certainly not least, is Netflix, the best-performing major stock since the show first went on the air. This had a staggering 82,000% gain. You’d be rich by any stretch of the imagination, no matter almost how little you put in when we started the show. Netflix invented the entire streaming video category. It was back in 2005. They were still doing DVD rental by mail and this was another one that I think was incredibly obvious. Netflix has essentially won versus traditional media at this point, but they’re not standing pat, not at all. Still improving the service as much as possible, which is why I bet this one can continue to climb over the long haul [buy, buy, buy].”