People Now Spend On Netflix, Inc. (NFLX) Instead Of Shopping, Says Jim Cramer

We recently published 15 Stocks Jim Cramer Discussed As He Said CEOs Were Afraid Of Hiring. Netflix, Inc. (NASDAQ:NFLX) is one of the stocks Jim Cramer recently discussed.

Even though he hasn’t discussed Netflix, Inc. (NASDAQ:NFLX) lately, Jim Cramer is still a fan of the firm. The shares are up by 40% year-to-date as the firm has benefited from a string of catalysts, such as a lack of exposure to tariffs and strong full-year guidance. Netflix, Inc. (NASDAQ:NFLX)’s stock has proven to be somewhat of a safe haven as management asserted throughout the second quarter that it did not expect to face any significant headwinds from tariffs. Cramer’s previous comments about the firm have praised a viewer’s decision to sell the stock and maintained that he still likes the firm. This time, he remarked on how Netflix, Inc. (NASDAQ:NFLX) fits into Americans’ changing spending habits:

“. . but, yeah look, the American people spend a fortune, things have changed on how we spend our dollar. The old days we would go shopping. Now we, Netflix, right. We spend a huge amount of money on Netflix.”

Here are Cramer’s previous thoughts about Netflix, Inc. (NASDAQ:NFLX):

“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.”

While we acknowledge the potential of NFLX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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