Jim Cramer Takes Contrarian View For Netflix (NFLX) After Earnings

We recently published 14 Stocks Jim Cramer Discussed As He Shared Insights For Nuclear And Quantum Stocks. Netflix Inc. (NASDAQ:NFLX) is one of the stocks Jim Cramer recently discussed.

Cramer discussed Netflix Inc. (NASDAQ:NFLX) after the firm’s latest earnings report, which saw third quarter revenue of $11.51 billion beat analyst estimates but earnings per share of $5.87 miss estimates of $6.97. While the stock dipped by 9% in trading after the results, the CNBC TV host took the contrarian view:

Photo by Souvik Banerjee on Unsplash

“[On earnings] I think one of the problems is, they claimed it was telegraphed but you really had to go through a lot of fine print to be able to realize that. I’m gonna take the other side of the selling. I thought the quarter was excellent. I think that the engagement is really good, I think the advertising is really good. I think what the, the slate that they have is really good. And what happens with something like this? Okay, you say, listen, I want to sell it. And then Friday, Kathryn Bigelow of the House of Dynamite comes on, and then on Monday we all come out, we’re talking about House of Dynamite. I just think that to leave this stock, with their advertising, with the gaming possibly coming, with them having to say, listen, we don’t need any of this stuff with Warner Brothers. Discovery. We can do it on our own.

“They don’t need to buy anything. They can make, they have their own destiny.

“I think people just said, you know what, this is a beat and raise situation. And they didn’t beat and raise. I come back and say, very few companies are as in control of their destiny as this company. And they still have a lot of time. . .and they go around and they talk about all the different places that they’re developing great stuff. You know they make this stuff and it’s very, the South Korean stuff is very inexpensive, the Mexican stuff is very inexpensive. It doesn’t cost them a lot to be able to make really, really good product. Let’s say it was a technology company, they’ve got all these new technologies all over the place and it’s just such a great thing to be able to have a returning slate. Oh look at that, they’ve got the Witcher 4, nobody wants this too, Emily in Paris, which my wife still watches, unbelievable. . .you know all these things are franchised. It’s hard to have this many franchises. Disney does not have that many franchises.

“But I do think that this is an impressive quarter and those who. want to sell it, they should read the conference call which was incredibly done. They should read the shareholder note, which was amazing. And they’ll realize you’re selling a company which has more franchises than any other company that I know. That can just print money.”

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Disclosure: None. This article is originally published at Insider Monkey.