Jim Cramer Says He Likes Netflix Stock

Netflix, Inc. (NASDAQ:NFLX) is one of the stocks that Jim Cramer recently shed light on. A caller mentioned that they profited after selling their position in the stock and asked if they should buy back the shares. Cramer replied:

“Okay, here’s the issue: you did, you did the right thing. Netflix went up a huge amount, and you took a profit. And we should never feel bad about profits. We should only feel bad about losses. But if the question is, do I like Netflix, the stock? You bet I do.”

Netflix, Inc. (NASDAQ:NFLX) delivers streaming entertainment including TV series, films, documentaries, and games across multiple genres and languages. When a caller asked about whether they should buy more of the company stock during a July episode, Cramer responded:

“Look… Let me tell you, this is sometimes, this is an anecdotal stock, and I think right now people feel like, I don’t know, Netflix, what’s on? Nothing. I was watching Amazon last night for heaven’s sake, so that’s what I think’s causing it. Don’t worry, it’s going to be fine. They’re smart fellas.”

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