Netflix, Inc. (NFLX) Spending A Billion Dollars Is "Fantastic," Says Jim Cramer

Netflix, Inc. (NASDAQ:NFLX) is one of the Jim Cramer Says US Has To Give Some Chips To China & Discusses These 10 Stocks.

Netflix, Inc. (NASDAQ:NFLX) is another one of Cramer’s top stocks. He has discussed the firm several times in his morning show. The CNBC TV host believes that Netflix, Inc. (NASDAQ:NFLX) has the widest moat in its industry which has allowed it to establish a dominating position. His recent remarks have also commented on the firm’s global programs which he believes offer a key differentiating point over US productions. In this show, Cramer elaborated on Netflix, Inc. (NASDAQ:NFLX) spending a billion dollars in Spain:

“[On spending 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.”

In his earlier remarks, Cramer explained why Netflix, Inc. (NASDAQ:NFLX) is a “king”:

“The dominant winner in this new high list… well, it’s so easy. You probably even know if you just watched a couple hours of our show, and that’s Netflix. Now here’s this stock that seems to permanently reside on the new high list. It’s one of those positions that every time it moves up, some analyst raises numbers and raises price targets. Truly virtuous circle.

Right now, Netflix is going up on its content slate, including the upcoming season of Stranger Things and Squid Game. It’s also been going up because its ad tier is working well, and it should only get better as they develop more ways to help advertisers target the right viewers. At the end of the day, Wall Street loves the subscription business, and Netflix, it’s the king of subscriptions.”

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READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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