Jim Cramer Recently Looked at These 18 Stocks

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6. Spotify Technology S.A. (NYSE:SPOT)

Number of Hedge Fund Holders: 106

Cramer showed bullish sentiment toward Spotify Technology S.A. (NYSE:SPOT) as he mentioned that he has confidence in subscription businesses. He commented:

“My confidence in subscription model extends to Spotify. This incredible company dominates the podcast business and the music business, and of course, the new high list. It’s roaring right now, but it does have periodic moments of underperformance, and that’s when you gotta snap it up [buy, buy, buy].”

Spotify (NYSE:SPOT) delivers music and podcast streaming services through subscription-based and ad-supported models. Moreover, the company offers users access to a vast audio catalog along with supporting services like marketing, R&D, and customer support. Cramer called the company a “competitor to Netflix” during a Mad Money episode aired in April, as he said:

“If you want to know my favorite trade for the week, it’s going to be Spotify. Now, this has this juicy subscription business. People don’t focus on this company a lot. Lots of people ignore it,  dismissing it as a radio station without commercials. But I think Spotify’s all things entertainment, a competitor to Netflix for your time.”

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