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benzinga.com
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Netflix, Spotify Can Weather Economic Uncertainty Because Of Subscription-Based Models, Says Jim Cramer: Here's What Their Charts Indicate - Netflix (NASDAQ:NFLX), Invesco QQQ Trust, Series 1 (NASDAQ:

1. Cramer suggests buying shares of Netflix and Spotify for resilience. 2. Netflix's year-to-date gain is 9.62%, outperforming tech peers. 3. Current MACD trends hint at bullish momentum despite bearish indications. 4. Benzinga's rankings show NFLX in top percentiles for momentum and growth. 5. Market dynamics show NFLX trading above key moving averages.

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FAQ

Why Bullish?

Despite some bearish indicators, overall momentum and growth signals suggest a positive outlook. Historical trends show similar recoveries following economic downturns, notably post-2020 where NFLX rebound significantly.

How important is it?

Cramer's endorsement and strong chart data lend credibility, affecting investor decisions regarding NFLX. Historical valuation trends post-endorsement also support this high likelihood.

Why Short Term?

The bullish signals from MACD and market momentum indicate near-term upside potential. Previous market reactions to similar forecasts often result in immediate stock price movements within weeks.

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