Jim Cramer Put These 15 Stocks Under the Microscope

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5. Peloton Interactive, Inc. (NASDAQ:PTON

Number of Hedge Fund Holders: 53

Peloton Interactive, Inc. (NASDAQ:PTON) is one of the stocks Jim Cramer put under the microscope. A caller inquired about the company’s potential for growth, noting they hold shares purchased at just under $10. Cramer stated:

“I didn’t really care for the report to be honest. I was kind of thinking, now wait a second, wasn’t this something, a quarter that I thought would be breakout? I also think that they’re a little bit too hype oriented for me, so I’m going to say no. And I like subscription businesses, but I’d rather be in a subscription business that is more like say Spotify or a Costco or Amazon.”

Peloton Interactive, Inc. (NASDAQ:PTON) provides connected fitness equipment, including bikes, treadmills, and rowers, along with app-based and membership services. During the lightning round of the June 6 episode, a caller inquired about the stock, and Cramer responded:

“Well, you know, it is a subscription business, and I like subscription businesses. I think that they work, but I don’t think they have the growth. So, therefore, I’m going to say if you want a subscription business, I want you to be in Spotify.”

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