Netflix, Inc. (NFLX): You Can Take It Off The Table If You Want, Says Jim Cramer

We recently published 11 Stocks Jim Cramer Just Discussed As He Shared Why Stocks Are Rising. Netflix, Inc. (NASDAQ:NFLX) is one of the stocks Jim Cramer recently discussed.

Netflix, Inc. (NASDAQ:NFLX) is the world’s largest streaming company and one of Cramer’s favorite stocks. The firm’s shares have gained 43.8% year-to-date, primarily due to its wide lead in the streaming industry. In his earlier remarks about Netflix, Inc. (NASDAQ:NFLX), Cramer has praised the firm’s content pipeline and its global operations in particular. The firm is also rapidly expanding its business to include programming typically offered by traditional media and left out by it. For instance, Netflix, Inc. (NASDAQ:NFLX) recently announced that it would partner with NASA to stream space-related content to viewers. Cramer commented on a recent downgrade by Seaport that saw the firm downgrade Netflix, Inc. (NASDAQ:NFLX)’s shares to Neutral from Buy and remove its previous $1,230 price target. Here’s what Cramer said about the downgrade:

“Look anyone who feels that they want to take Netflix off the table, that’s okay.”

In his earlier comments about Netflix, Inc. (NASDAQ:NFLX), Cramer commented on the firm spending a billion dollars in Spain:

“Fantastic. . . when you’re on the conference call, they talked about how demand for content and you make it there versus how we do it which is we parachute down and then we get a couple of scenes. They are just, they talk about playing chess and checkers. I mean they are loved overseas because they provide a lot of jobs, the product is very colloquially Spanish. They’re tough to beat.

“How about they make a movie in Uruguay about, you know about the plane crash and cannibalism. It’s like. . Uruguay must be like, this is our chance. Because no, Netflix is a global source.”

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