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Cramer Praises Netflix's 'Exciting' Earnings, Attributes Concerning Metrics Towards 'Nitpicking'


Netflix, Inc. (NASDAQ: NFLX) hit a new all-time high of $143.46 Thursday after the company's fourth quarter earnings report may have validated the stock's long-term thesis.

Jim Cramer said during Thursday's "Squawk On The Street" segment that Netflix CEO Reed Hastings is a "brilliant" leader that has put together an impressive library of exclusive content. For instance, "Narcos" and "Luke Cage" likely contributed to Netflix's drove the company's domestic subscriber gains.

"Everyone in the country is going to have Netflix," Cramer suggested.

The Nay-Sayers

But what about all the concerning metrics Netflix reported to investors? David Faber highlighted the company's $639 million in negative free cash flow.

"Nitpicker!" Cramer responded to Faber. "That's you. You find things that are wrong no matter what. Have you seen 'Stranger Things'?"

Moving on to analysts at Wedbush who maintained a Sell rating on the stock, Cramer said it is a "tough sell" to maintain.

Finally, analysts at Deutsche Bank initiated coverage of Netflix weeks before the earnings print with a Sell and $90 price target.

Cramer's response to the analyst: "He has obviously never heard of 'Luke Cage'."

Posted-In: CNBC Luke Cage Narcos Netflix Netflix Earnings Netflix Originals Squawk on the StreetMedia


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